nternational diversification, ownership structure and performance in an emerging market: evidence from Chile
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Archivos
Fecha
2021
Profesor/a Guía
Facultad/escuela
Idioma
en
Título de la revista
ISSN de la revista
Título del volumen
Editor
Economic Research-Ekonomska Istrazivanja Volume 34, Issue 1, Pages 1202 - 12232021
Nombre de Curso
Licencia CC
Attribution 4.0 International
CC BY 4.0
Deed
Licencia CC
https://www.tandfonline.com/doi/epdf/10.1080/1331677X.2020.1820359?needAccess=true
Resumen
This research analyzes the impact of international diversification on the performance of Chilean exporting firms. Considering a sample of 47 companies listed on the Santiago Stock Exchange during the period 2003–2013, we found an international diversification discount. Secondly, when investigating the relationship between international diversification and performance, we found that they are related through an inverted U curve. Finally, we investigated how the ownership structure moderates the relationship between international diversification and performance, finding that the ownership concentration and pyramidal ownership positively impacts the performance of companies initiating international diversification strategies; and that the business groups’ affiliation negatively impacts in the international diversification-performance relationship. © 2020 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group.
Notas
Indexación: Scopus.
Palabras clave
export, firm ownership, industrial competition, industrial performance, industrial production, international trade, Performance assessment, stock market
Citación
DOI
10.1080/1331677X.2020.1820359