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Internationalization and individual firm performance: a resource-based view

Author

Listed:
  • Antonio Arbelo

    (University of La Laguna)

  • Marta Arbelo-Pérez

    (University of La Laguna)

  • Pilar Pérez-Gómez

    (IUDE, University of La Laguna)

Abstract

This paper, through an analysis of the relationship between internationalization and a novel concept of performance at the firm level, sheds new light on this stream of literature, as our analysis presents a new approach by examining the internationalization-performance relationship at the firm level and arguing that this relationship is dependent on firm-specific assets. To test this argument, we use a sample of 267 manufacturing firms in Spain. We use a Bayesian stochastic frontier model with random coefficients to adequately capture the heterogeneity of resources across firms. The results reveal that the effect of internationalization on performance is heterogeneously distributed across firms. Finally, the strategic implications of these results for achieving a sustained competitive advantage by firms are discussed.

Suggested Citation

  • Antonio Arbelo & Marta Arbelo-Pérez & Pilar Pérez-Gómez, 2024. "Internationalization and individual firm performance: a resource-based view," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 14(4), pages 881-915, December.
    • Handle: RePEc:spr:eurasi:v:14:y:2024:i:4:d:10.1007_s40821-024-00276-5
    DOI: 10.1007/s40821-024-00276-5
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    More about this item

    Keywords

    Bayesian modelling; Heterogeneity; Resource-based view; Internationalization; Firm performance;
    All these keywords.

    JEL classification:

    • C11 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Bayesian Analysis: General
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration

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