Relatively limited research has been conducted on the evolutionary development of social capital during the internationalization process of small and medium‐sized enterprises (SMEs). We address this issue through a qualitative study of 30 pairs of British and Indian SMEs that have developed international business relations with each other. We provide frameworks that illustrate how microfoundations create, modify, or dissolve network structures to achieve the desired outcomes at different stages of social capital development and internationalization. We identify that entrepreneurial characteristics and intentions influence the development of social capital and internationalization. We suggest that the stages of social capital evolution tend to accompany discrete stages of internationalization, albeit with some exceptions due to the nature of the industrial sectors and actors' dispositions towards business exchange.

中文翻译：

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国际化阶段的社会资本发展：英，印度中小企业之间的关系

在中小企业国际化过程中，关于社会资本的演化发展的研究相对有限。我们通过对30对相互发展国际业务关系的英国和印度SME进行定性研究来解决此问题。我们提供的框架说明了微基金会如何在社会资本发展和国际化的不同阶段创建，修改或分解网络结构，以实现所需的结果。我们发现，企业家的特征和意图会影响社会资本和国际化的发展。我们建议，社会资本演进的各个阶段往往伴随着国际化的离散阶段，