A influência do país de origem no desempenho das empresas

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Luiz Artur Ledur Brito
Flávio Carvalho de Vasconcelos


Performance dispersion of North American firms has been analyzed, in the strategy field, using the variance components technique. Firm effects have been identified as the most relevant ones, followed by industry and year effects. This research expands this line of study considering a sample of firms from 78 different countries. A new type of effect was created: the country effect reflecting the influence of country of origin in performance. A Compustat global sample of 12,592 firms with 60,092 observations (1997/2001) was used. Results indicate that country effects do exist and are relevant. Variance composition varies by economic sector. In Mining, Construction and Transport, total country effect (adding pure country effect to country x industry interaction) is the largest variance component, being more important than firm effects. In most remaining economic sectors it is the second most important effect and only in Services it does not show up. Results demonstrate empirical evidence of the influence of the institutional context in performance and indicate that transposition of theories and conclusions derived in particular contexts may need relevant adaptations to be applied to different countries and settings.


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How to Cite
Brito, L. A. L., & Vasconcelos, F. C. de. (1). A influência do país de origem no desempenho das empresas. Journal of Contemporary Administration, 9(4), 97-118. https://doi.org/10.1590/S1415-65552005000400006
Author Biographies

Luiz Artur Ledur Brito, Fundação Getulio Vargas

Doutor em administração de empresas pela EAESP-FGV. Professor do departamento de Operações da EAESP-FGV. Suas áreas de interesse em pesquisa são estratégia e operações.

Flávio Carvalho de Vasconcelos, Ecole des Hautes Etudes Commerciales

Doutor em administração de empresas pela HEC-Ecole des Hautes Etudes Commerciales/Paris. Professor do departamento de Administração Geral e Recursos Humanos da EAESP-FGV. Suas áreas de interesse em pesquisa são estratégia e teoria organizacional.