Publicado

2012-07-01

The impact of business group diversification on emerging market multinationals: Evidence from Latin America

Impacto de los grupos empresariales diversificados en las multinacionales de mercados emergentes: Evidencia de América Latina

Impacto dos grupos empresariais diversificados nas multinacionais de mercados emergentes: evidência da américa latina

Palabras clave:

Internationalization, performance, business groups, institutional voids, regionalization (en)
Internacionalización, performance, grupos empresariales, fallas institucionales y regionalización (es)
internacionalização, performance, grupos empresariais, falhas institucionais e regionalização (pt)

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Autores/as

  • Armando Borda-Reyes Universidad ESAN
This article explored whether the benefits of business group diversification on the scope-performance relationship varies depending on the level of development of the network of subsidiaries and the region of operation of the focal firm. To test the hypothesis presented, a panel data with fix effects models was used on a sample of Latin American firms. The results suggested that business group diversification has the capacity to generate value in the internationalization process of their affiliates. However, the benefits of business group diversification are location bound within the region (Americas) but they are not related to the level of development of the targeted countries.
El presente artículo explora si los beneficios asociados a los grupos empresariales diversificados en la relación entre scope de operaciones y performance financiero dependen tanto del nivel de desarrollo de los países en los que la empresa tiene subsidiarias como de la región geográfica donde la empresa concentra sus operaciones. Para testear las hipótesis presentadas, se utilizó un estudio panel con efectos fijos en una muestra de empresas Latino americanas. Los resultados sugieren que los grupos empresariales diversificados tienen la capacidad de generar valor en el proceso de internacionalización de sus afiliadas. Sin embargo, estos beneficios se obtienen básicamente dentro de la región (América) pero no están relacionados con el nivel de desarrollo de los países en los que la empresa participa.
O presente artigo explora se os benefícios associados aos grupos empresariais diversificados na relação entre scope de operações e performance financeiro dependem tanto do nível de desenvolvimento dos países nos quais a empresa tem subsidiárias quanto da região geográfica onde a empresa concentra suas operações. Para testar as hipóteses apresentadas, utilizou-se um estudo painel com efeitos fixos em uma amostra de empresas latino-americanas. Os resultados sugerem que os grupos empresariais diversificados têm a capacidade de gerar valor no processo de internacionalização de suas afiliadas. Contudo, esses benefícios se obtêm basicamente dentro da região (América), mas não estão relacionados com o nível de desenvolvimento dos países dos quais a empresa participa.

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Cómo citar

APA

Borda-Reyes, A. (2012). The impact of business group diversification on emerging market multinationals: Evidence from Latin America. Innovar, 22(45), 97–110. https://revistas.unal.edu.co/index.php/innovar/article/view/36295

ACM

[1]
Borda-Reyes, A. 2012. The impact of business group diversification on emerging market multinationals: Evidence from Latin America. Innovar. 22, 45 (jul. 2012), 97–110.

ACS

(1)
Borda-Reyes, A. The impact of business group diversification on emerging market multinationals: Evidence from Latin America. Innovar 2012, 22, 97-110.

ABNT

BORDA-REYES, A. The impact of business group diversification on emerging market multinationals: Evidence from Latin America. Innovar, [S. l.], v. 22, n. 45, p. 97–110, 2012. Disponível em: https://revistas.unal.edu.co/index.php/innovar/article/view/36295. Acesso em: 21 sep. 2024.

Chicago

Borda-Reyes, Armando. 2012. «The impact of business group diversification on emerging market multinationals: Evidence from Latin America». Innovar 22 (45):97-110. https://revistas.unal.edu.co/index.php/innovar/article/view/36295.

Harvard

Borda-Reyes, A. (2012) «The impact of business group diversification on emerging market multinationals: Evidence from Latin America», Innovar, 22(45), pp. 97–110. Disponible en: https://revistas.unal.edu.co/index.php/innovar/article/view/36295 (Accedido: 21 septiembre 2024).

IEEE

[1]
A. Borda-Reyes, «The impact of business group diversification on emerging market multinationals: Evidence from Latin America», Innovar, vol. 22, n.º 45, pp. 97–110, jul. 2012.

MLA

Borda-Reyes, A. «The impact of business group diversification on emerging market multinationals: Evidence from Latin America». Innovar, vol. 22, n.º 45, julio de 2012, pp. 97-110, https://revistas.unal.edu.co/index.php/innovar/article/view/36295.

Turabian

Borda-Reyes, Armando. «The impact of business group diversification on emerging market multinationals: Evidence from Latin America». Innovar 22, no. 45 (julio 1, 2012): 97–110. Accedido septiembre 21, 2024. https://revistas.unal.edu.co/index.php/innovar/article/view/36295.

Vancouver

1.
Borda-Reyes A. The impact of business group diversification on emerging market multinationals: Evidence from Latin America. Innovar [Internet]. 1 de julio de 2012 [citado 21 de septiembre de 2024];22(45):97-110. Disponible en: https://revistas.unal.edu.co/index.php/innovar/article/view/36295

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