Internationalization and performance: the role of depth and breadth

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dc.contributor.authorVelez-Calle, A.
dc.contributor.authorSanchez-Henriquez, F.
dc.contributor.authorContractor, F.
dc.date.accessioned2021-01-28T14:39:53Z
dc.date.available2021-01-28T14:39:53Z
dc.date.issued2018-01-01
dc.description.abstractPurpose: The purpose of this paper is to analyze the relationship between multinationality and firm performance (M-P) in Latin American companies, commonly referred to as multilatinas. The study conceptualizes the depth (intensity) and breadth (geographical scope) of internationalization and examines their effect on financial performance. Although scholars have studied how internationalization in various contexts and industries affects performance, little is known about firms in Latin America. Design/methodology/approach: The authors conducted an analysis of the effect of the depth and breadth of multilatina internationalization on financial performance by creating a database using information from America Economia, a specialized Chilean magazine that publishes an annual ranking of multilatinas. Additional data came from the Osiris database of Bureau Van Dijk and Compustat. The hypotheses were tested using an autoregressive heteroskedastic model. Findings: The results show that the extent of the depth and breadth of internationalization affects financial performance. Multilatinas’ depth of internationalization has a curvilinear (U-shaped) impact on performance while breadth has an inverted curvilinear impact on performance. Research limitations/implications: The theory portion and results expand the literature on firm internationalization and performance by distinguishing between two types of international firm expansion, depth and breadth, and discussing how each contributes to different stages of the three-stage theory of multinationality and performance. Originality/value: The findings indicate that multilatinas benefit from their regional expansion, but outside Latin America, expansion has a negative effect on financial performance. They also show that firms can implement different types of internationalization strategies in terms of intensity and scope to achieve better performance. © 2018, Emerald Publishing Limited.eng
dc.identifierhttps://eafit.fundanetsuite.com/Publicaciones/ProdCientif/PublicacionFrw.aspx?id=8228
dc.identifierhttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85047071858&doi=10.1108%2fARLA-04-2017-0125&partnerID=40&md5=a13578f0a226fd4635c2ab6e1ec61eba
dc.identifier.doi10.1108/ARLA-04-2017-0125
dc.identifier.issn10128255
dc.identifier.otherWOS;000433249900005
dc.identifier.otherSCOPUS;2-s2.0-85047071858
dc.identifier.urihttp://hdl.handle.net/10784/25030
dc.language.isoengeng
dc.publisherEMERALD GROUP PUBLISHING LIMITED
dc.rightshttps://v2.sherpa.ac.uk/id/publication/issn/1012-8255
dc.sourceAcademia Revista Latinoamericana De Administracion
dc.subject.keywordFirm performanceeng
dc.subject.keywordInternationalization breadtheng
dc.subject.keywordInternationalization deptheng
dc.subject.keywordInternationalization scopeeng
dc.subject.keywordInternationalization strategieseng
dc.subject.keywordLatin Americaeng
dc.subject.keywordMultilatinaseng
dc.titleInternationalization and performance: the role of depth and breadtheng
dc.typeinfo:eu-repo/semantics/articleeng
dc.typearticleeng
dc.typeinfo:eu-repo/semantics/publishedVersioneng
dc.typepublishedVersioneng
dc.type.localArtículospa

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