The Impact of International Entrepreneurship on The Internationalization of Thai SMEs: The Mediating Role of Strategic Planning Practices

Abstract

The study was carried out to examine the direct impact of the international entrepreneurship on the internationalization of Thai SMEs. Additionally, the study has examined the mediating role of strategic planning practices. For the sake of present research, we used Smart PLS 3.0 for model estimation. With the help of this software, graphical path modeling can be simultaneously done for latent variables. Moreover, for the data collection, a survey-based technique was employed to collect information from the targeted respondents. For this purpose, we distributed 450 well-developed questionnaires but only 310 respondents turned them back. Consequently, out of 450 total questionnaires only 290 valid questionnaires were received, as 20 questionnaires were dropped from the data due to missing information, resulting in 64% response rate. According to the results, there is a significant positive relationship between entrepreneurial orientation (EO) and internalization. This relationship was also supported by study outcomes at p <0.05 and at 1 percent level of significance. In addition, significant relationship was found between internalization of SMEs and innovativeness (IN) which is supported by the empirical result at p <0.05 with 1 percent level of significance. Moreover, the results also supported the relationship between internalization of SMEs and pro-activeness (PR) at 1 percent level of significance and p <0.05.