Country effect on firm performance: A multilevel approach

被引：54
作者：
Burstein Goldszmidt, Rafael G. [1 ,2 ]
Ledur Brito, Luiz Artur [1 ]
de Vasconcelos, Flavio Carvalho [2 ]
机构：
[1] Fundacao Getulio Vargas EAESP, BR-01332000 Sao Paulo, Brazil
[2] Fundacao Getulio Vargas EBAPE, BR-22253900 Rio De Janeiro, Brazil
来源：
JOURNAL OF BUSINESS RESEARCH | 2011年 / 64卷 / 03期
关键词：
Country effect; Multilevel models; Firm performance; INDUSTRIAL-STRUCTURE; CORPORATE; CAPABILITIES; ENVIRONMENTS; INSTITUTIONS; US;
D O I：
10.1016/j.jbusres.2009.11.012
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The debate about the impact of environmental constraints on firm performance in developing countries is relevant for business enterprises and governments. However, the academic literature offers limited empirical evidence comparing firm performance in emerging and developed countries. This paper performs a statistical analysis based on a sample of more than 10,000 firms in a 10-year span. A cross-classified 3-level hierarchical linear model allows the estimation of country, industry and country-industry interaction effects, which have roughly the same relative importance each. The analytical procedure is able to estimate the influence of each specific country on firm performance and produce a ranking of nations based on this effect. Country effects have a greater positive influence on firm performance in emerging countries than in more developed economies. (C) 2009 Elsevier Inc. All rights reserved.
引用
收藏
页码：273 / 279
页数：7
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