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Digital Transformation and Internationalization of SMEs: Digital Maturity as a Tool for Overcoming Institutional Barriers
This article examines how digital maturity can enhance the resilience of small and medium-sized enterprises (SMEs) within the dynamic institutional environment of emerging economies. Using in-depth interviews from two companies—a transportation business reliant on physical infrastructure and an online travel agency built around digital platforms—the study finds that enterprises dependent on capital-intensive assets face greater vulnerability to sanctions, banking restrictions, and logistical costs. In contrast, firms with robust digital infrastructure can swiftly adapt to regulatory changes and implement alternative payment solutions. The research highlights that adopting digital tools and flexible partnerships enables SMEs to reduce transaction costs and maintain international expansion despite institutional barriers.