Financial and Entrepreneurial Capability Configurations: An Exploratory Study of the Selective International Integration Among Thai Smes

Purpose: This study investigates how financial and entrepreneurial capability configurations differentiate internationalized from domestically oriented Thai SMEs. By adopting a decision‐science perspective, the study identifies the capability patterns that shape firms’ strategic international orientation. Design/methodology/approach: This research, which utilizes survey and financial data from 179 Thai SMEs (2021–2023), employs an inductive machine learning approach based on Extreme Gradient Boo