Evaluating the impact of firm size, firm age, international opportunity recognition, and business network on internationalisation performance

This study examines the cumulative impact of firm size, firm age, business network participation, and international opportunity recognition on the internationalisation performance of small and medium-sized enterprises (SMEs). The study population consists of 160 SMEs in the Kayseri, Inegöl, and Istanbul Organized Furniture Industry area, specifically focusing on those involved in business networks. The data was collected through a survey methodology, and the research objective was assessed using a quantitative approach in SPSS 21. The study aims to examine the gradual impact of variables on internationalisation performance. The stepwise regression in the analysis underscores the crucial impact of firm size and various aspects of international opportunity recognition on internationalisation performance. Notably, the business network's structure positively influences performance, providing optimism for firms seeking to enhance their internationalisation efforts. However, the strength of the tie subdimension of the business network does not impact performance significantly. These findings offer valuable insights for firms aiming to improve their internationalisation efforts.