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El impacto de la internacionalización sobre las empresas: Evidencia empírica para el caso español
[The impact of internationalization on firms: Empirical evidence for the Spanish case]

Listed author(s):
  • Sánchez, Patricio
  • Gallego, Elena
  • Rivero, Dolores
  • Lago-Peñas, Santiago

The economic crisis in Spain has strengthened the key role of the external sector as a source of demand and as a compensating factor of the sluggish in the domestic demand. In which extent is this effect observable at a firm level? Do the most internationalized companies have better deal with the crisis? This paper aims to give an answer to those questions using an extensive database of Galician companies for the period 2007-2010. Results confirm that larger, more productive and export focused firms have had better performance in their sales figures and profitability - measured by ROA. On the contrary, the effect on the evolution of ROS is positive but only marginally significant. La crisis económica en España ha reforzado el papel clave del sector exterior como fuente de demanda y factor compensador de la atonía de la demanda interna. ¿En qué medida este efecto macro es observable a escala empresarial? ¿Las empresas más internacionalizadas han encajado mejor los embistes de la crisis? Este artículo pretende dar respuesta a estos interrogantes, tomando como referencia el período 2007-2010 y una amplia base de datos de empresas gallegas. Utilizando como variable de control el sector de actividad, los resultados confirman que las empresas más grandes, productivas y con un porcentaje de ventas en el exterior han tenido mejor comportamiento en sus cifras de facturación y de rentabilidad medida por el ratio ROA. Por el contrario, el efecto sobre la evolución del ratio ROS es positivo pero solo marginalmente significativo.

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File URL: https://mpra.ub.uni-muenchen.de/54602/1/MPRA_paper_54602.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 54602.

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Date of creation: 19 Mar 2014
Handle: RePEc:pra:mprapa:54602
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