Internationalization of SMEs has gathered pace in recent times with falling trade barriers and rising world trade encouraging small firms to seek profits and growth in foreign markets. This has attracted the attention of researchers, and several studies have been conducted in Western nations on the factors influencing the process of SME internationalization. However, hardly any study has been done on SME internationalization in the Gulf Cooperative Council (GCC) region, thus leaving a gap in the literature. This study investigates the influence of four factors, namely, human capital, network competency, entrepreneurial orientation, and market volatility on the degree of internationalization of SMEs in Oman. The study employs survey data collected from 150 SME owners and managers using a structured questionnaire having 27 items, and has been analyzed using correlation and logistic regression, as the dependent variable is binary in nature. The results reveal the impact of the chosen variables on the degree of internationalization of SMEs. The findings of the study suggest that network competency has the highest impact on degree of internationalization of Omani SMEs, followed by human capital and entrepreneurial orientation, while market volatility, though insignificant, moderated the relationship between entrepreneurial orientation and degree of internationalization of Omani SMEs.

Abstract
1. Introduction
2. Literature Review
3. Hypothesis Development
    3.1. Human Capital and Internationalization
    3.2. Network Relationships and Competence andInternationalization
    3.3. Entrepreneurial Orientation andInternationalization
    3.4. The Impact of Market Volatility
4. Research Methodology
    4.1. Research Instrument
    4.2. Sampling
    4.3. Data Collection
5. Development of Scales
    5.1. Human Capital Scale
    5.2. Network Competency Scale
    5.3. Entrepreneurial Orientation Scale
    5.4. Market Volatility Scale
    5.5. Measure of Degree of Internationalization
    5.6. Control Variables
6. Results
7. Discussion
8. Conclusion and Limitations
References

• Shouvik SANYAL(Department of Marketing and Entrepreneurship, Dhofar University) Corresponding Author
• Mohammed Wamique HISAM(Department of Management Dhofar University)
• Ali Mohsin Salim BAAWAIN(Department of Marketing and Entrepreneurship Dhofar University)