Internationalization speed and Brazilian companies performance

Abstract

The companies’ performance that internationalize incurs in alterations along the internationalization process. Besides, this process might happen incrementally with time, slowly, or it can occur quickly, like in companies born global. Face the internationalization influence on companies’ performance and how fast this process occurs, the aim of this paper is to examine the relation between internationalization speed and Brazilian public companies performance, which are part of this paper sample, except by the financial ones, listed on Brazilian multinational ranking by Dom Cabral Foundation (FDC), within the years 2007 to 2014. The data was collected from Economatica database and FDC reports, and analyzed through models of linear regression with panel data, considering two measures for internationalization speed. The results pointed no significant statically relation on the measure of internationalization speed and those companies’ performance. This paper contributes to the literature by providing evidence regarding the effect of speed of internationalization on performance of Brazilian firms, since it is still little explored when compared to studies about the degree of internationalization and performance. For further researches, the use of others internationalization speed and performance variables are suggested.