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Item type:Publication, Women’s Participation in Top Management Business Positions and the Internationalization Process. Evidence for Chilean CompaniesIn recent times, women have been increasing their participation in company management positions, occupying positions on the board of directors, and making strategic decisions with a view to the international expansion of the firms. However, the evidence of the participation of women in the processes of internationalization of companies is not conclusive or adequate for emerging economies, such as those in Latin America. Based on this premise, we conducted this research using data from 1,246 firms included in the Fifth Longitudinal Survey of Chilean Companies. These companies are categorized into four industries: 98 in extractive, 149 in manufacturing, 285 in Commercial, and 714 in services. A Tobit regression model to estimate the influence of the presence of women in senior management and gender diversity on boards on the export intensity of the company. The main findings show that women in the position of CEO and a higher percentage of women on boards of directors do not affect the export intensity of the company. They also show that the relationship between foreign ownership and export intensity was positive and, finally, that export intensity did not depend on gender diversity in high-level administrative positions. An important limitation of this research is not having a data panel for each company to estimate their evolution over time thus, as well as information related to compensation contracts for management teams. For future research, we are interested in studying the effect of ownership on the internationalization process.</jats:p>1 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Female Underperformance Hypothesis Revisited: Methodological Review and Empirical Testing(2023) ;María José Ibáñez; Comparison between the performance of female and male-managed firms has long been a subject of research interest. Although the argument is that firms run by women have lower performance than those run by men, there is no agreement on the effects of managerial gender on companies’ financial outcomes. This study conducts a methodological review of quantitative research on the relationship between female business leadership and firm performance from 2010 to 2020. This review identifies the most frequently used dependent and explanatory variables and econometric models in the literature. Most studies have not considered endogeneity bias in their model specifications; therefore, these results could be biased and unreliable. We select empirical models to test the female underperformance hypothesis using a sample of Chilean firms. Our findings suggest that managers’ gender does not significantly affect business performance when endogeneity is addressed. Our methodological review reveals a significant gap in the research on female managers and firm performance in the Latin American context, and the empirical test provides new evidence in this vein.Scopus© Citations 1 2 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Scopus© Citations 30 1 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Does gender matter for corporate entrepreneurship? A cross-countries study(2022) ;Linda Elizabeth Ruiz; <jats:title>Abstract</jats:title><jats:p>The accumulated knowledge about corporate entrepreneurship has provided a better understanding of its antecedents and consequences. Corporate entrepreneurship activities are strongly related to incremental or disruptive innovation processes. However, academic debates demand a novel conceptual framework to understand the gendered workforce’s contribution to corporate entrepreneurship initiatives worldwide. This study hypothesizes that a gendered workforce has similar capabilities (skills, ability to detect opportunities, and networks) to engage in corporate entrepreneurship. Therefore, any gender differences could be explained by the influence of country-level conditions (gender equality levels, culture, and social norms). We tested these hypotheses with a sample of 50,550 employees from 50 countries. Our results support these hypotheses extending the corporate entrepreneurship literature and provoking an interesting discussion to academics, managers, employees, and policymakers.</jats:p>26Scopus© Citations 21 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Internationalization and performance: the role of depth and breadth(2018) ;Andres Velez-Calle; Farok Contractor<jats:sec> <jats:title content-type="abstract-subheading">Purpose</jats:title> <jats:p>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.</jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-subheading">Design/methodology/approach</jats:title> <jats:p>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 <jats:italic>America Economia</jats:italic>, 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.</jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-subheading">Findings</jats:title> <jats:p>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.</jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-subheading">Research limitations/implications</jats:title> <jats:p>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.</jats:p> </jats:sec> <jats:sec> <jats:title content-type="abstract-subheading">Originality/value</jats:title> <jats:p>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.</jats:p> </jats:sec>Scopus© Citations 11 1 2 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Scopus© Citations 151 1 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, 3Scopus© Citations 9 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Green Innovation, Managerial Concern and Firm Performance: An Empirical Study(2018) ;Mingfeng Tang ;Grace Walsh; ;Markus A. FitzaQiaohua Li29Scopus© Citations 674 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, When Being Large Is Not an Advantage: How Innovation Impacts the Sustainability of Firm Performance in Natural Resource Industries(2022); ;Alfonso Cruz ;Tomas ReyesRoberto Vassolo<jats:p>This paper provides an in-depth study of how incremental innovation, a ubiquitous factor, affects the sustainability of performance of small- and large-sized firms differently. Specifically, this work examines the sustainability of firm growth in natural resource industries. In these industries, innovation is mainly based on processes in the form of incremental changes, and the adoption of innovations has significant sunk costs. We argue that, before incremental process innovation, firm performance is directly proportional to firm size. However, in the presence of incremental innovation events, firm performance is inversely proportional to firm size since smaller firms pose higher strategic flexibility and can adopt innovations faster. Our empirical findings highlight the relevance of incremental innovation as an inflection point of firm performance, creating a competitive opportunity window for small firms and a sustainability threat for large firms.</jats:p>2Scopus© Citations 6