The Impact of Selected Firm Features on Sales Growth: Empirical Evidence from S&amp;P500

Gurbuz, Ali Osman; Ataünal, Levent; Aybars, Aslı

doi:10.1007/978-3-319-44591-5_25

Cited by 2 publications

(4 citation statements)

References 23 publications

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“…Therefore, it is confirmed that the estimated models are dynamic in nature. Statistically significant positive coefficients of the lagged firm sales growth is in accordance with other studies (Gurbuz et al, 2017;Behrens &Trunschke, 2020). The impact of size on firm growth is negative and highly significant in all of the three models.…”

Section: Volatility and Firm Growthsupporting

confidence: 91%

Impact of Volatility on Firm Sales Growth Some Insights from Pakistan

Rauf¹,

Rashid²

2021

BER

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This paper empirically investigates how firm level, industrial level, market level and macroeconomic volatilities influencePakistani non-financial firms’ sales growth. It also examines how interactions between different kinds of volatilities affect sales growth. The empirical analysis is carried out using unbalanced annual panel data set covering the period 1988-2017.The results indicate that although all types of volatilities assert negative impacts, the intensity of the impact is quite different across different volatilities. Macroeconomic volatility has the highest adverse impact followed by firm volatility. Unexpectedly, the results provide evidence that one type of volatility significantly reduces the adverse impact of other type of volatility. These findings imply that firms may design and implement more effective sales growth strategies in periods when they face more than on type of volatility.

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Section: Volatility and Firm Growthsupporting

confidence: 91%

Impact of Volatility on Firm Sales Growth Some Insights from Pakistan

Rauf¹,

Rashid²

2021

BER

View full text Add to dashboard Cite

show abstract

“…In this way, we avoided simultaneity and reverse causality problems because the dependent variables were measured in period t while the export variables were measured in the period tÀ1, which renders the model dynamic (Barge-Gil & L opez, 2014;Mairesse & Mohnen, 2010). Furthermore, with the purpose of considering the persistence of both types of innovations, which may create serial correlation in the data, we included the one-year lagged value of the dependent variables (Gurbuz, Ataunal, & Aybars, 2017). We also include the control variables that might influence a firm's innovation output (age, size, R&D and advertising intensity, and sectorial technological intensity):…”

Section: Statistical Approachmentioning

confidence: 99%

“…In our study, biases might result from omitted variables that relate to both export and innovation choices: thus, estimating unbiased coefficients requires econometric methods that account for this (Hamilton & Nickerson, 2003). Furthermore, and considering that prior research has shown that sales growth is characterized by high persistency (e.g., Gurbuz et al, 2017), it is also necessary to control for serial correlation. To address for possible estimation biases due to endogeneity and serial correlation problems due to persistency, we have taken advantage of the yearly panel structure of our data and control for time-invariant unobserved firm heterogeneity.…”

Section: Statistical Approachmentioning

confidence: 99%

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Disentangling the relationship between internationalization, incremental and radical innovation, and firm performance

Freixanet¹,

Criado

2021

Global Strategy Journal

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This study examines the impact of firm internationalization on incremental and radical product innovation, and the effects of these innovation facets on sales growth. We use a sample of 1,064 Spanish manufacturers over the period 2008-2014. We find a positive relationship between higher international scope and greater ex-post radical innovation output, and an inverted U-shape relationship between export intensity and both innovation forms. We also find a positive relationship between incremental innovation and sales growth for performance leaders, and negative for performance laggards. Conversely, radical innovation boosts performance laggards' sales growth, but reduces that of performance leaders. The study supports and qualifies the learning-by-exporting effect, by identifying some firm-specific factors that shape the relationship between internationalization, innovation, and firm performance. Managerial Summary: In this study, we examine the effect of a more intense and more geographically spread out international expansion in a firm's incremental and radical innovation performance. We argue that more internationalized firms may benefit from new knowledge and learning, which they may leverage to increase their incremental and radical product

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The Impact of Selected Firm Features on Sales Growth: Empirical Evidence from S&P500

Cited by 2 publications

References 23 publications

Impact of Volatility on Firm Sales Growth Some Insights from Pakistan

Impact of Volatility on Firm Sales Growth Some Insights from Pakistan

Disentangling the relationship between internationalization, incremental and radical innovation, and firm performance

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