Title: Impediments to globalisation and financing of small exporting firms: evidence from Southwest Louisiana

Authors: Matiur Rahman; Musa Essayyad

Addresses: Department of Accounting, Finance and Economics, College of Business, McNeese State University, Lake Charles, LA 70609, USA ' Department of Accounting, Finance and Economics, College of Business, McNeese State University, Lake Charles, LA 70609, USA

Abstract: The primary purpose of this study is to explore the problems and prospects of internationalisation and financing of small firms using those domiciled in Southwest Louisiana as an example. The data on firm characteristics, extents and sources of local financing and export willingness are collected from the primary source by administering a questionnaire. The survey findings conclude that the small firms in the southwestern region of Louisiana have enormous export potentials. The impeding factors include paucity of export awareness among small firms, and information gap including misinformation about the perceived overall risk, associated with exporting. The fears of international business risks among the small firms seem exaggerated. The export impediments can be overcome by active involvements of the state and local chambers of commerce, Small Business Administration units and the local banks.

Keywords: globalisation; export and import; small firms; trade finance.

DOI: 10.1504/IJTGM.2019.097942

International Journal of Trade and Global Markets, 2019 Vol.12 No.1, pp.1 - 25

Received: 13 Mar 2018
Accepted: 17 Apr 2018
Published online: 22 Feb 2019 *

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