Latin American firms competing in the global economy

Carneiro, Jorge; Brenes, Esteban

doi:10.1016/j.jbusres.2013.07.001

Cited by 45 publications

(38 citation statements)

References 15 publications

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“…We recognize this limitation, especially considering that Brazilian firms are culturally attached to the domestic market, still being in the process of catching up to a global mindset (Carneiro & Brenes, 2014;Dib et al, 2016), and that the recent decline of the internal economy may be forcing SMEs to assume higher levels of risk and to invest in international market operations. Furthermore, our findings may spark a call for the discussion on internationalization driven by opportunity versus internationalization driven by necessity on IB research (Fuentelsaz, González, Maícas, & Montero, 2015).…”

Section: Discussion and Concluding Remarksmentioning

confidence: 99%

“…In other words, despite internationalization being considered a form of risk diversification for late-movers in international markets (Carneiro & Brenes, 2014), SMEs that decide to engage in internationalization must be aware of the additional risks inherent in new, uncertain, and distinct markets, that are different from their usual domestic competition (Sapienza, Autio, George, & Zahra, 2006;Zahra, Korri, & Yu, 2005). Thus, the managerial perception, propensity, or aversion to risk is a relevant matter of interest to international business and international entrepreneurship scholars (Acedo & Florin, 2006;Claver, Rienda, & Quer, 2008;Figueira-de-Lemos, Johanson, & Vahlne, 2011).…”

Section: Introductionmentioning

confidence: 99%

“…Our interest in the internationalization of Brazilian SMEs relies on the factor that despite presenting a low level of internationalization of the economy (in terms the ratio of exports to GDP) and a large and attractive domestic market, Brazilian firms have been continuously increasing their share of international markets (Carneiro & Brenes, 2014;Dib, Rezende, & Figueiredo, 2016). Such idiosyncrasy is an opportunity for understanding risk perception and its antecedents and consequences regarding internationalization of SMEs, given that market dynamics found in Brazil are not comparable to those of developed countries traditionally investigated in international business studies (Seifert, Child, & Rodrigues, 2012).…”

Section: Introductionmentioning

confidence: 99%

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Exploring Risk Perception and Degree of Internationalization of Brazilian Small-and-Medium Enterprises

Bonfim

Silva

Prado

et al. 2018

BAR, Braz. Adm. Rev.

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This research investigates managerial risk perception regarding internationalization of small and medium-sized enterprises in the Brazilian context. We examine how managers' perception of risk influences firms' degrees of internationalization. Likewise, we assessed how risk perception is influenced by managers' cognitive traits, such as tolerance for ambiguity and cognitive style. We provided empirical evidence for the relationships we proposed through a partial least squares structural equation model with data gathered from a survey of 149 SMEs from the State of Paraná, Brazil. Our results suggest that managers' tolerance for ambiguity is only significant for explaining risk perception for the managers with a preference for a deliberative style. Still, the research suggests that the Brazilian SMEs in our sample presented a higher degree of internationalization even when their managers perceived higher levels of risk.

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Section: Discussion and Concluding Remarksmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Exploring Risk Perception and Degree of Internationalization of Brazilian Small-and-Medium Enterprises

Bonfim

Silva

Prado

et al. 2018

BAR, Braz. Adm. Rev.

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“…In Latin America, Brazil is the largest market for investment funds among three Latin American countries (Brazil, Mexico, and Argentina) which are members of the 30 largest in the world (Carneiro & Brenes, 2014). Although the capital market in Brazil is much smaller than in the USA and the main European markets, the country has a good transparency level in the fi nancial market and it received much attention from international investors from 2004 to 2012 (Minardi, Moita & Castanho, 2015).…”

Section: Introductionmentioning

confidence: 99%

Exposition to Factors of the Investment Funds Market in Brazil

Maestri

Malaquias

2016

Rev. contab. finanç.

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The growth of the investment funds industry in Brazil and its international representativeness indicate the relevance of analyzing this sector. Literature has shown the effects that market factors can have on the performance of investment funds. One way of evaluating the relation between funds' returns and market factors' variations is the return-based style analysis. In this context, this research aimed to investigate, through the style analysis, the exposition to various market factors in two modalities of investment funds. With this analysis, we may infer differences between the allocations and the composition of portfolios, constructing a panorama of sensitivity of funds' returns to the market factors addressed in the study. The database consisted of daily returns of 508 funds, out of which 385 are fixed income funds and 123 are Neutral Long & Short multimarket funds, within the period from January 3, 2005, to July 11, 2014. Through the style analysis, with 6 market factors, we found a difference between the composition of portfolios of multimarket funds and portfolios of fixed income funds. Regarding the evolution of the composition of portfolios in these funds, we observed that the investment style of funds does not seem to be constant over time, something which may be a positive evidence concerning the changes that managers promote in their portfolios, seeking to achieve better profitability indicators.

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“…(2011), para que a aliança estratégica seja competitiva e sustentável, deve ser valiosa, explorando as oportunidades apresentadas, evitando as ameaças, além de ser rara e difícil de ser imitada:…”

Section: Referencial Teórico: Alianças Estratégicasunclassified

Alianças Internacionais Entre Empresas Familiares Brasileiras E Multinacionais: Estudo De Casos

WERNECK¹

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The study aimed at investigating how Brazilian family firms can internationalize by means of strategic alliances with multinational corporations. A literature review on strategic alliances was carried out focusing on the practical application to family firms. The study used the case method of investigation. Two cases of Brazilian family firms were analysed. One company was small-sized and the other large-sized, and their most relevant experiences were with marketing alliances. The alliances were successful in supporting the internationalization process of the firms studied. Certain characteristics of the alliances had a relevant role in the companies´ internationalization.

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Latin American firms competing in the global economy

Cited by 45 publications

References 15 publications

Exploring Risk Perception and Degree of Internationalization of Brazilian Small-and-Medium Enterprises

Exploring Risk Perception and Degree of Internationalization of Brazilian Small-and-Medium Enterprises

Exposition to Factors of the Investment Funds Market in Brazil

Alianças Internacionais Entre Empresas Familiares Brasileiras E Multinacionais: Estudo De Casos

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