摘要

This article analyzes the relationship of internationalization motivations, capabilities and performance of the small and medium-sized enterprises(SMEs). We took 220 SMEs of Guangdong province as sample, using structural equation model to test theoretical hypotheses. The conclusions are as follows: Firstly, in the process of internationalization, the motivations have an significant positive effect on performance;Secondly, the internationalization capabilities also have an significant positive effect on performance;Thirdly, internationalization capabilities are the mediator of internationalization motivations and performance.

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