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Ítem Understanding Decisions to Internationalize by Small and Medium-sized Firms Located in an Emerging Market(Gabler Verlag, 2009-01-01) Molina Mogollón, HenryWe examined perceptions differentiating key Colombian decisionmakers in 168 SMEs who decided to either internationalize or remain domestic. An integrative model compares managerial perceptions of competitive, macro-environmental and neo-institutional factors. • Foreign MNEs in the home market significantly differentiated decisions to internationalize, as well as the presence of internationalizing domestic competitors, anticipated product acceptance, and internationalizing suppliers. • The lack of findings for some institutional and macro-environmental factors may reflect important contextual features of the Colombian business environment. © 2009 Gabler-Verlag.