Purpose – In order to respond to the call for a broader perspective on the internationalization of entrepreneurial firms, this study aims to bring the business model concept to the context of international entrepreneurship, with special emphasis on the notion of value formation and value...

The paper examines the interrelationships among the domestic institutional environment for entrepreneurship, a firm’s innovation capability, and an SME’s decision to grow using an internationalization or innovation-based strategy. The effects of both the external institutional environment...