Country effect on firm performancea multilevel approach

Resumo

The debate about the impact of environmental constraints on firm performance in developing countries is relevant for business enterprises and governments. However, the academic literature offers limited empirical evidence comparing firm performance in emerging and developed countries. This paper performs a statistical analysis based on a sample of more than 10,000 firms in a 10-year span. A cross-classified 3-level hierarchical linear model allows the estimation of country, industry and country-industry interaction effects, which have roughly the same relative importance each. The analytical procedure is able to estimate the influence of each specific country on firm performance and produce a ranking of nations based on this effect. Country effects have a greater positive influence on firm performance in emerging countries than in more developed economies. (C) 2009 Elsevier Inc. All rights reserved.

Ficha do documento

Tipo

Artigo científico

Ano

2011

Instituição

Elsevier Science Inc

Fonte

Repositório da FGV

Idioma

Inglês

Acesso

Acesso restrito

DOI

10.1016/j.jbusres.2009.11.012

Identificador

oai:repositorio.fgv.br:10438/23204

Temas

Economia

Palavras-chave

Country effectMultilevel modelsFirm performanceResource-based viewEconomiaEmpresas