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The internationalization of Colombian Multilatinas: a composite indicator analysis

Author

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  • López-Caicedo, Juan Camilo

    (Business School. Fundación Universitaria CEIPA, Medellín, Colombia)

  • Baena-Rojas, Jose Jaime

    (Business School. Fundación Universitaria CEIPA, Medellín, Colombia)

  • Gomez-Trujillo, Ana Maria

    (Business School. Fundación Universitaria CEIPA, Medellín, Colombia)

  • Bonilla-Calle, Daniel

    (Business School. Fundación Universitaria CEIPA, Medellín, Colombia)

Abstract

This study employs a composite indicator to measure the degree of internationalization of Colombian Multilatinas. By using primary data available from the analyzed companies' website, the Colombian Multilatinas composite indicator (CMCI) is proposed, which includes six variables related to the Multilatinas’ patterns of internationalization that capture the essence of their productive participation abroad. The findings have managerial and academic implications as the analytical tool used to quantify the competitiveness and the degree of internationalization of Colombian Multilatinas offers important guidelines to improve aspects related to multilatinas' economic capacity, sustainability, technology, and human capital.

Suggested Citation

  • López-Caicedo, Juan Camilo & Baena-Rojas, Jose Jaime & Gomez-Trujillo, Ana Maria & Bonilla-Calle, Daniel, 2024. "The internationalization of Colombian Multilatinas: a composite indicator analysis," TEC Empresarial, School of Business, Costa Rica Institute of Technology (ITCR), vol. 18(1), pages 43-64.
    • Handle: RePEc:ris:tecemp:2403
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    References listed on IDEAS

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    1. Buckley, Peter J. & Tian, Xiaowen, 2017. "Internalization theory and the performance of emerging-market multinational enterprises," International Business Review, Elsevier, vol. 26(5), pages 976-990.
    2. Magdalena Belniak, 2015. "Factors Stimulating Internationalisation of Firms: An Attempted Holistic Synthesis," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 3(2), pages 125-140.
    3. Victor B Marshall & Lance Eliot Brouthers & Dawn L Keig, 2020. "RIMS: A new approach to measuring firm internationalization," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 51(7), pages 1133-1141, September.
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