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Firm Capabilities and Growth Strategies: The Moderating Role of Institutional Factors

dc.coverage.spatialMedellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees
dc.date2020-09-08
dc.date.available2021-02-19T16:41:07Z
dc.date.issued2020-09-08
dc.identifier.issn1657-4206
dc.identifier.urihttp://hdl.handle.net/10784/25802
dc.description.abstractBuilding on Resource-Based View (RBV) and Institutional Theory (IT), we decided to study the internal and external factors that affect the choice between different growth strategies in small and medium enterprises (SMEs) in an emerging economy. We started identifying that there is a direct relationship between technological resources and an organic growth strategy, financial resources and an acquisitive growth strategy, and networking capabilities and a hybrid growth strategy. We argue that the intensity of these relations is moderated by institutional factors, such as a country’s intellectual property protections (for organic strategies), credit access (for acquisitive strategies), and trust in the business environment (for hybrid strategies). We based our findings on 450 face-to-face surveys with CEOs from firms in the Electronic Technology, Information, and Communication Sector (ETICS) in Mexico. Managerial implications are also discussed in the paper, as well as future avenues of research.Building on Resource-Based View (RBV) and Institutional Theory (IT), we decided to study the internal and external factors that affect the choice between different growth strategies in small and medium enterprises (SMEs) in an emerging economy. We started identifying that there is a direct relationship between technological resources and an organic growth strategy, financial resources and an acquisitive growth strategy, and networking capabilities and a hybrid growth strategy. We argue that the intensity of these relations is moderated by institutional factors, such as a country’s intellectual property protections (for organic strategies), credit access (for acquisitive strategies), and trust in the business environment (for hybrid strategies). We based our findings on 450 face-to-face surveys with CEOs from firms in the Electronic Technology, Information, and Communication Sector (ETICS) in Mexico. Managerial implications are also discussed in the paper, as well as future avenues of research.eng
dc.description.abstractEmpleando los principios de la Teoría de Recursos y Capacidades (RBV) y de la Teoría Institucional (IT), decidimos estudiar los factores internos y externos que afectan la elección entre diferentes estrategias de crecimiento en empresas pequeñas y medianas (Pymes) en una economía emergente. Iniciamos identificando que hay una relación directa entre recursos tecnológicos y una estrategia de crecimiento orgánico, recursos financieros y una estrategia de crecimiento por adquisiciones, y capacidades relacionales y una estrategia de crecimiento híbrida. Argumentamos que la intensidad de estas relaciones es moderada por factores institucionales del entorno, como la protección de un país sobre la propiedad intelectual (para estrategias orgánicas), acceso al crédito (para estrategias de adquisición), y confianza en el ambiente empresarial (para estrategias híbridas). Basamos nuestros descubrimientos en 450 encuestas cara a cara con directores de empresas en el sector de tecnología electrónica, información y comunicación (ETICS) en México. En este artículo también se discuten implicaciones gerenciales, así como futuras líneas de investigación.spa
dc.formatapplication/pdf
dc.language.isospa
dc.publisherUniversidad EAFITspa
dc.relation.isversionofhttps://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/firm-capabilities-and-growth-strategies-the-moderating-role-of-institutional-factors/5076
dc.relation.urihttps://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/firm-capabilities-and-growth-strategies-the-moderating-role-of-institutional-factors/5076
dc.rightsinfo:eu-repo/semantics/openAccesseng
dc.rightsCopyright © 2020 Gerardo Velasco-Gutiérrez, Miguel A. Montoya, Margarita Orozco, Joan Lluis Capelleraseng
dc.sourceRevista Ecos de Economía, Vol. 24 Núm. 50 (2020)spa
dc.titleFirm Capabilities and Growth Strategies: The Moderating Role of Institutional Factorseng
dc.titleCapacidades de las empresas y estrategias de crecimiento: el papel moderador de los factores institucionalesspa
dc.typearticleeng
dc.typeinfo:eu-repo/semantics/articleeng
dc.typepublishedVersioneng
dc.typeinfo:eu-repo/semantics/publishedVersioneng
dc.rights.accessrightsinfo:eu-repo/semantics/openAccesseng
dc.type.localArtículospa
dc.subject.keywordResource Based Vieweng
dc.subject.keywordInstitutional Theoryeng
dc.subject.keywordGrowth Strategieseng
dc.subject.keywordSMEeng
dc.subject.keywordVisión basada en recursosspa
dc.subject.keywordTeoría institucionalspa
dc.subject.keywordEstrategias de crecimientospa
dc.subject.keywordPymespa
dc.rights.localAcceso abiertospa
dc.date.accessioned2021-02-19T16:41:07Z
dc.contributor.authorVelasco-Gutiérrez, Gerardospa
dc.contributor.authorMontoya, Miguel Aspa
dc.contributor.authorOrozco, Margaritaspa
dc.contributor.authorLluis Capelleras, Joanspa
dc.citation.journalTitleEcos de Economiaeng
dc.citation.volume24
dc.citation.issue50
dc.citation.spage80
dc.citation.epage115
dc.contributor.affiliationTecnológico de Monterreyspa
dc.contributor.affiliationUniversitat Autònoma de Barcelonaspa


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