Degree of Internationalization and performance: Evidence from emerging Brazilian multinational firms

• Autores: Tiago Loncan, Walter Meucci Nique
• Localización: GCG: revista de globalización, competitividad y gobernabilidad, ISSN 1988-7116, Vol. 4, Nº. 1, 2010, págs. 40-51
• Idioma: inglés
• Títulos paralelos:
  • Grau de Internacionalização e desempenho: evidência de empresas multinacionais brasileiras
  • Grado de Internacionalización y desempeño: evidencia de empresas multinacionales brasileñas
• Enlaces
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• Resumen
  • español

    La presente investigación analizo la relación entre el grado de internacionalización, medido por las ventas internacionales sobre ventas totales, y el desempeño financiero y de mercado para cinco empresas multinacionales brasileñas. Los resultados indican que mayores grados de internacionalización de las ventas se asocian a retornos positivos en terminos de ROA (retorno sobre los activos) y Tobin�s Q (desempeño de mercado). Las empresas competiendo en sectores de más alto valor agregado presentaron retornos marginales mayores sobre sus ventas internacionales

  • português

    A presente pesquisa analisou a relação entre o grau de internacionalização, medido pelo total de vendas internacionais sobre vendas totais, e a performance contábil e de mercado para cinco multinacionais brasileiras. Os resultados indicam que um maior grau de internacionalização das vendas está associado a retornos positivos em termos de ROA (retorno sobre ativos) e Tobin�s Q (performance de mercado). Adicionalmente, empresas competindo em setores de valor agregado mais alto apresentaram maiores retornos marginais sobre suas vendas internacionais

  • English

    This paper analyses the relationship between degree of internationalization, as measured by Foreign Sales over Total Sales, and Accounting and Market performance for five Brazilian emerging multinational firms. Results indicates that a higher degree of internationalization of sales is associated to positive returns in terms of ROA and Tobins Q. Moreover, the firms competing in more added-value sectors exhibited the highest marginal returns over foreign sales

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