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literature review. In Section 4 , the main findings of existing empirical research concerning the studied impact are presented. In Section 5 , the obtained results are concluded along with limitations of the study and future lines of research. 2 Theoretical link between intangible assets and internationalization Theories of the firm internationalization: Uppsala model [ Johanson and Wiedersheim-Paul, 1975 ], product’s cycle life theory [ Vernon, 1966 ], network theory [ Johanson and Mattson, 1988 ], born global and/or international new ventures (INVs) [ Oviatt and