The impact of intellectual capital on business internationalization processes in Lithuanian firms

Abstract

Intellectual capital is the main factor contributing to the growth of economy and increasing competitiveness in global market. The need for internationalization of small firms increases in globalization context. Intellectual capital and human capital have significant impact on internationalization of organizations. The paper aims to review the concept of intellectual capital and its assessment, to reveal the significance and importance for internationalization of Lithuanian firms. The investigation is based on analysis and synthesis of prevailing scientific literature, investigating intellectual capital and internationalization.