International Expansion of Colombian Firms: Understanding their emergence in foreign markets

Veléz-Ocampo, Juan; González-Pérez, María Alejandra

doi:10.11144/javeriana.cao28-51.iecf

Cited by 5 publications

(2 citation statements)

References 55 publications

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“…A small number of papers on Colombian companies have been published in the international literature. They include two papers on the international expansion of Colombian companies (Gonzalez-Perez and Velez-Ocampo, 2014; Velez-Ocampo and Gonzalez-Perez, 2015), one paper on ownership and control in these businesses (Gutierrez et al , 2008) and the other on the evolution process of economic groups in Colombia (Wilches-Sánchez and Rodríguez-Romero, 2016). Recently, a case study of one of the companies referenced in an earlier paper (Macias, 2016) and a chapter of a book on sustainability in the Colombian cement industry were published (Macias and Castro, 2017).…”

Section: Literature Reviewmentioning

confidence: 99%

Integrated reporting as a strategy for firm growth: multiple case study in Colombia

Macías-Cardona

Farfan-Lievano

2017

MEDAR

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Purpose The purpose of this paper is to evaluate the implementation of the integrated reporting (IR) framework in a group of Colombian enterprises. Design/methodology/approach This is a multiple-case study in six enterprises that use the IR framework. The selected enterprises, all of which were located in either Bogota or Medellin, were Argos, EEB, EPM, ISA, Nutresa and Ocensa. The authors conducted individual interviews of reporters and performed a documentary analysis. Findings The few Colombian firms that use the IR framework all have ambitious expansion goals in the medium term. The main reason for the adoption of the IR framework in these firms is that it facilitates access to resources from new foreign investors. Research limitations/implications Since the framework was published recently, only a few Colombian firms follow it, and several of them do not apply all of its components. In the future, there will be more reports and a higher level of framework application. Practical implications In the firms studied, the IR framework is an important tool to support the search strategies of new sources of financial capital. Social implications If the use of the International Integrated Reporting Council (IIRC) framework were to diminish the application of the GRI, firms would be less likely to evaluate the impact of their activities on numerous stakeholders (other than shareholders). Originality/value This is the first Colombian study of IR to include both documentary analysis and personal interviews.

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Section: Literature Reviewmentioning

confidence: 99%

Integrated reporting as a strategy for firm growth: multiple case study in Colombia

Macías-Cardona

Farfan-Lievano

2017

MEDAR

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“…In response to the strengthening of these societal demands, the business case for sustainable development was positioned as an approach that let companies overcome the choice between profits and ethical principles (Nijhof & Jeurissen, 2010). Consequently, a large body of academic literature has evidenced the direct and indirect benefits that sustainability brings to the business, such as productivity, brand loyalty, a better supply chain integration, product quality, differentiation, costs efficiencies, and foreign expansion opportunities (Nijhof & Jeurissen, 2010; Porter & Kramer, 2011; Velez‐Ocampo & Gonzalez‐Perez, 2015).…”

Section: Introductionmentioning

confidence: 99%

The “Six Ws” of sustainable development risks

2021

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Risk management in an organization represents a decisive function in seizing opportunities and managing the risks that can affect a business's reputation, prosperity, growth, value creation, stakeholder engagement, long‐term survival, and a firm's contribution to sustainable development. For this paper, we conduct a systematic literature review of 148 indexed studies and uses the “Six Ws” (what, who, why, where, when, and how) approach to understand the linkages between sustainability and risk management. This study's findings reveal that the management of environmental, social, and governance (ESG) concerns plays a mitigation's function on business risks.

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International Expansion of SMEs: The Inducascos Case

Macías-Franco

Parente-Laverde

2018

Latin American Business Review

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International Expansion of Colombian Firms: Understanding their emergence in foreign markets

Cited by 5 publications

References 55 publications

Integrated reporting as a strategy for firm growth: multiple case study in Colombia

Integrated reporting as a strategy for firm growth: multiple case study in Colombia

The “Six Ws” of sustainable development risks

International Expansion of SMEs: The Inducascos Case

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