Analysis of the satisfaction factors in international cooperation activities with and without capital investment in SMEs

The paper analyzes international medium and long-term cooperation by legally and economically independent SMEs. In a frame of reference using decision and contingency theory, a model is constructed for two phases of cooperation activity. It is postulated that the success of cooperation activity depends on whether the system variables structure, strategy and culture are consistent during realization. At the same time, the decisions made in the initiation phase of cooperation activity are modeled directly and indirectly on its success. An empirical examination on the effect relationships from the point of view of 164 SME managers provides tentative proof of the effect relationships postulated, namely in a comparison of cooperation activities with and without capital investment. An overall model is proposed for phase observation of cooperation activities.