Internationalization of SMEs: does the human capital really matter?

Abstract

SMEs are considered as important factor for economic development of countries. Resources’ shortage and intense competition encourage SMEs to internationalize. The human capital plays significant role in initiation of SMEs international activity. This study aimsto exclude the elements of human capital affecting the internationalization process of SMEs. The meta-analysis of the recent studies, examining the interrelationship between human capital and internationalization of SMEs, revealed that potential factors related to human capital which could help to facilitate the internationalization process of SMEs are associated with qualities and experience of entrepreneur.