Internationalisation, cultural distance and country characteristics: a Bayesian analysis of SMEs financial performance
Relying on the accounting data of a panel of 403 Italian manufacturing SMEs collected over a period of 5 years, we find results suggesting that multinationality per se does not impact on the economic performance of international small and medium sized firms. It is the characteristics of the country...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Vilnius Gediminas Technical University
2014-12-01
|
| Series: | Journal of Business Economics and Management |
| Subjects: | |
| Online Access: | https://journals.vgtu.lt/index.php/JBEM/article/view/2666 |
| _version_ | 1819279870997299200 |
|---|---|
| author | Antonio Majocchi Luciana Dalla Valle Alfredo D’angelo |
| author_facet | Antonio Majocchi Luciana Dalla Valle Alfredo D’angelo |
| author_sort | Antonio Majocchi |
| collection | DOAJ |
| description | Relying on the accounting data of a panel of 403 Italian manufacturing SMEs collected over a period of 5 years, we find results suggesting that multinationality per se does not impact on the economic performance of international small and medium sized firms. It is the characteristics of the country selected, i.e. the political hazard, the financial stability and the economic performance, that significantly influence SMEs financial performance. The management implication for small and medium sized firms selecting and entering new geographic markets is significant, since our results show that for SMEs it is the market selection process that really matters and not the degree of multinationality.
First published online: 08 Jul 2013 |
| first_indexed | 2024-12-24T00:34:47Z |
| format | Article |
| id | doaj.art-0ffe977d54cf491c89587dc12df5a795 |
| institution | Directory Open Access Journal |
| issn | 1611-1699 2029-4433 |
| language | English |
| last_indexed | 2024-12-24T00:34:47Z |
| publishDate | 2014-12-01 |
| publisher | Vilnius Gediminas Technical University |
| record_format | Article |
| series | Journal of Business Economics and Management |
| spelling | doaj.art-0ffe977d54cf491c89587dc12df5a7952022-12-21T17:24:06ZengVilnius Gediminas Technical UniversityJournal of Business Economics and Management1611-16992029-44332014-12-0116210.3846/16111699.2012.720600Internationalisation, cultural distance and country characteristics: a Bayesian analysis of SMEs financial performanceAntonio Majocchi0Luciana Dalla Valle1Alfredo D’angelo2Department of Economics and Management, University of Pavia, via S. Felice 5, 27100, Pavia, ItalySchool of Computing and Mathematics, University of Plymouth, Drake Circus PL4 8AA, Plymouth, United KingdomAdam Smith Business School, University of Glasgow, Gilbert Scott Building, G12 8QQ, Glasgow, United KingdomRelying on the accounting data of a panel of 403 Italian manufacturing SMEs collected over a period of 5 years, we find results suggesting that multinationality per se does not impact on the economic performance of international small and medium sized firms. It is the characteristics of the country selected, i.e. the political hazard, the financial stability and the economic performance, that significantly influence SMEs financial performance. The management implication for small and medium sized firms selecting and entering new geographic markets is significant, since our results show that for SMEs it is the market selection process that really matters and not the degree of multinationality. First published online: 08 Jul 2013https://journals.vgtu.lt/index.php/JBEM/article/view/2666SMEsfinancial performancehost country characteristicsBayesian statisticsinternationalisationpanel data model |
| spellingShingle | Antonio Majocchi Luciana Dalla Valle Alfredo D’angelo Internationalisation, cultural distance and country characteristics: a Bayesian analysis of SMEs financial performance Journal of Business Economics and Management SMEs financial performance host country characteristics Bayesian statistics internationalisation panel data model |
| title | Internationalisation, cultural distance and country characteristics: a Bayesian analysis of SMEs financial performance |
| title_full | Internationalisation, cultural distance and country characteristics: a Bayesian analysis of SMEs financial performance |
| title_fullStr | Internationalisation, cultural distance and country characteristics: a Bayesian analysis of SMEs financial performance |
| title_full_unstemmed | Internationalisation, cultural distance and country characteristics: a Bayesian analysis of SMEs financial performance |
| title_short | Internationalisation, cultural distance and country characteristics: a Bayesian analysis of SMEs financial performance |
| title_sort | internationalisation cultural distance and country characteristics a bayesian analysis of smes financial performance |
| topic | SMEs financial performance host country characteristics Bayesian statistics internationalisation panel data model |
| url | https://journals.vgtu.lt/index.php/JBEM/article/view/2666 |
| work_keys_str_mv | AT antoniomajocchi internationalisationculturaldistanceandcountrycharacteristicsabayesiananalysisofsmesfinancialperformance AT lucianadallavalle internationalisationculturaldistanceandcountrycharacteristicsabayesiananalysisofsmesfinancialperformance AT alfredodangelo internationalisationculturaldistanceandcountrycharacteristicsabayesiananalysisofsmesfinancialperformance |