Institutional knowledge in Latin American SMEs

Pino, César; Felzensztein, Christian; Chetty, Sylvie

doi:10.1111/jsbm.12518

Cited by 14 publications

(19 citation statements)

References 80 publications

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“…In Latin America, similar heterogeneity of these emerging economies can also be observed. For example, although Chile and Peru received similar institutional changes because of their increasing involvement in international trade agreements (Pino et al 2019), where a high percentage of their exports originates from natural resources (Brache and Flezensztein 2019), Chile is being perceived as the most open economy in the Latin American region due to the formation of liberal policies to foster free international trade. Moreover, politically, the region is becoming "polarized insofar" as some countries are becoming democratic and others are not.…”

Section: Introductionmentioning

confidence: 99%

Do economic freedom, business experience, and firm size affect internationalization speed? Evidence from small firms in Chile, Colombia, and Peru

et al. 2021

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This paper focuses on SMEs from the Latin American region and aims to build on existing literature on the emergence of the institution-based view in combination with the resource-based view. We contribute to existing literature by extending the application of the aforementioned theories to firms in three under-researched countries in this region. Specifically, we contribute to the extant literature by providing empirical insights on how home country–specific resources and firm-specific resources can affect the internationalization speed of SMEs in Latin American region. In order to achieve our objectives, we empirically examine the role of economic freedom (EF), prior business/international experience, and firm size on speed of internationalization. We use a dataset of Latin American SMEs, employing Poisson and negative binomial (NB) regression techniques. Our data cover three main Latin American Pacific Rim economies—Chile, Colombia, and Peru—with similar economic specializations, geographical borders, and economic growth dynamics. We find that (1) some parts of Economic Freedom Index (EFI) accelerate the speed of internationalization, whereas other areas slow it down or have no effect. Specifically, the closer to full EF the home country is in terms of regulations and government, the shorter the time to internationalize. (2) More experienced management teams are more likely to translate their knowledge into faster international market entry, but this pays off only for larger sized SMEs in contrast to smaller ones due to complementarities between managerial resources and physical, financial, and organizational resources. (3) Finally, industry, firm location, and country destination can only weakly explain the speed of internationalization. The findings add to the literature on SME internationalization in emerging markets and point towards potential policies to stimulate growth by SMEs in these markets.

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Section: Introductionmentioning

confidence: 99%

Do economic freedom, business experience, and firm size affect internationalization speed? Evidence from small firms in Chile, Colombia, and Peru

et al. 2021

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“…According to Brenes and Haar (2017), there are several growth opportunities for entrepreneurial development in Latin America, nevertheless, Covid-19 pandemic has put inevitable pressure over Latin American institutions who are suffering core inner changes, meaning new decisions and strategies, that are creating then, new conditions that without a doubt, affect how entrepreneurs do business or how new entrepreneurs will start new businesses in Latin American markets (Pino et al, 2020). Moreover, now more than ever entrepreneurs must develop and nurture skills such as creativity, innovation, leadership, selfesteem, teamwork and the ability to take calculated risks (Araque, 2009).…”

Section: Theoretical Backgroundmentioning

confidence: 99%

“…Interest in the relationship between cognitive variables and entrepreneurial mindset has grown more in the last decade that ever before; thus, due to COVID-19 pandemic it is of special interest to study entrepreneurial mindsets and how entrepreneurs adapt to the new normal. Moreover, institutions in Latin America and worldwide as well are also suffering core changes inevitably affecting how entrepreneurs do business in present times, needing then, to adapt in order to operate under these emergent and abrupt conditions (Pino et al, 2020). On one hand, cognitive flexibility, decision-making under uncertainty, financial risk behavior, attention and planning are, among others, the key cognitive variables implicit in the entrepreneurial mindset (Amato et al, 2018).…”

Section: Introductionmentioning

confidence: 99%

Neuropsychological profile of entrepreneurs

Brenes

Rodrı́guez

Acuña

et al. 2021

ARLA

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PurposeBy analyzing variables from the fields of business and neuropsychology, this document examines alternative combinations of behavioral economics and neuropsychological characteristics that would explain a successful entrepreneurial profile.Design/methodology/approachThe research is based on information gathered through a survey of 1,080 entrepreneurs. The findings offer interesting perspectives for academics, professionals and government institutions, which illustrate various neuropsychological characteristics that a person must have to be a successful entrepreneur. The method consists of a novel perspective that integrates qualitative comparative analysis (QCAs), a method based on Boolean algebra that offers a study from a configurational perspective.FindingsFrom the mixture of configurations, the paper explores following possible traits of an entrepreneurial mindset: cognitive flexibility, risk-taking, decision-making and teamwork.Originality/valueThis paper contributes to the literature on emerging attempts and approaches to understand the entrepreneurial mindset and the possible skillset that underpins successful entrepreneurship.

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“…Based on the learning and inspiration from the aforementioned extant literature (e.g., Pino, et al, 2019;Durst and Edvardsson, 2012;Massaro, et al, 2016), as well as further scrutiny by a focus group of experts, the detailed research question content is concretised as below.…”

Section: Questions To Be Explored By the Researchmentioning

confidence: 99%

“…As a fundamental strategic as well as operational approach, KM ensures all types of businesses to successfully compete, survive and profit (Pino, et al, 2019;Bojica, et al 2017).…”

mentioning

confidence: 99%

Knowledge utilisation in Chinese medium-sized manufacturing firms – an exploration under the backcloth of quality improvement

Wang

Hong

et al. 2021

JKM

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Purpose This paper aims to report findings of up-to-date insights to fill the knowledge gap of lack of theoretical and practical understandings of how knowledge is used in medium-sized enterprises (MEs) for ensuring their performance excellence, healthy survival and growth, particularly using the contextual background of quality improvement as the standing point to concretise the research content and research participants’ mind-set for data collection. Design/methodology/approach The empirical data were attained by conducting first a multiple-case study and thereafter a structured interview. Insights were obtained through analysing the collected data and triangulating the findings with the contention from the extant literature where available. Findings A set of approaches for effective quality improvement knowledge (QIK) utilisation in MEs have been identified and attested, as well as prioritised for a clear guidance on their application by practical businesses. Originality/value As a pioneering study on the particularly focussed issue, namely, a current knowledge gap – QIK utilisation in MEs, theoretically the research contributes to the enrichment of the current KM and QI literature with a primary focus on knowledge utilisation in MEs. Practically its findings provide insightful guidance to practice on the approaches of QIK utilisation.

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Institutional knowledge in Latin American SMEs

Cited by 14 publications

References 80 publications

Do economic freedom, business experience, and firm size affect internationalization speed? Evidence from small firms in Chile, Colombia, and Peru

Do economic freedom, business experience, and firm size affect internationalization speed? Evidence from small firms in Chile, Colombia, and Peru

Neuropsychological profile of entrepreneurs

Knowledge utilisation in Chinese medium-sized manufacturing firms – an exploration under the backcloth of quality improvement

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