Group Affiliation and Firms’ Export Intensity: A Cross-Country Study

Castellacci, Fulvio

doi:10.5202/rei.v6i1.141

Cited by 3 publications

(4 citation statements)

References 32 publications

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“…The next and last review we performed consisted of classifying corporate reports and sustainability strategies according to the multilatina nature of the BGs analyzed ( Table 8). The reason for this is, as can be observed in previous works on Latin American BGs [7,81], that BG internationalization is one of the factors measuring their degree of diversification. Additionally, multilatinas have emerged as a study field, not only from internalization and corporate strategy phenomena, but also from finances, corporate governance, and sustainability, among others.…”

Section: Involvementmentioning

confidence: 76%

CSR Communication Strategies of Colombian Business Groups: An Analysis of Corporate Reports

2018

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The aim of this paper is to assess stakeholder orientation and corporate social responsibility (CSR) communication strategies in the business groups (BGs) of an emerging economy by means of content analysis. We worked with 30 non-financial BGs taken from the Colombian Stock Exchange. The study uses as its unit of analysis corporate reports that have been classified into four categories: annual reports (ARs), sustainability reports (SRs), combined reports (CRs), and integrated reports (IRs). The results show that IRs are the most similar reports, that Colombian BGs are mainly employee-oriented (ARs, SRs, CRs) and shareholder-oriented (IRs), and that response and involvement communication strategies are the most commonly used. Our research has theoretical and practical implications based on the assumption that the study of corporate reports has particular importance for those BGs with diversification strategies and international orientation, since it opens possibilities for future research. no evidence of which among the above-mentioned communication strategies BGs adopt, and which kind of stakeholder orientation they follow.This research is conducted in Colombia, which has an emerging economy where the study of contemporary BGs is fairly recent [10]. In Colombia, BGs are on the rise, and are important for the development of the economy [11]; they have reorganized their structures in recent years in order to be more strategic [12]. Colombia is a country with a tradition of CSR practices [13] and of voluntary disclosure reporting practices [14]. Additionally, Colombian BGs are following internationalization processes [15], leading them to become 'multilatinas'; that is to say, they are firms that are located and consolidated in a Latin American country, and seek expansion and positioning in new markets [16]. Furthermore, the context of developing countries has some cultural, social, political, and economic aspects that make them different [17], and therefore interesting to study.A recent study [18] shows that 68% of consulted investors recognize the importance of CSR reports for their investment decisions and consider the report to be the main tool for communicating CSR practices [19]. This paper aims at identifying corporate reporting practices in the BGs of an emerging economy and subsequently establishing their stakeholder orientation and prevailing CSR communication strategies. To achieve these three objectives, we applied a content analysis of 30 corporate reports from the year 2015 from BGs that are representative of the Colombian economy. Following Habek and Wolniak [20], Venturelli et al. [21], and Davila et al. [22], the BG reports under analysis were classified into four categories: annual reports (AR), sustainability reports (SR), combined reports (CR), and integrated reports (IR). We draw on the stakeholders theory [23] and previous studies [24][25][26][27][28] in order to define the stakeholder categories, allowing us to assess the type of orientation presented by the analyzed Colombian BGs.This study i...

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Section: Involvementmentioning

confidence: 76%

CSR Communication Strategies of Colombian Business Groups: An Analysis of Corporate Reports

2018

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“…However, other scholars dispute this positive view. Castellacci (2015b) identified several factors that may produce less pronounced international activity among BG affiliates compared with unaffiliated firms. At the heart of the counterargument is the suggestion that group affiliation will promote a parochial outlook on international activities because the benefits of reputational effects and trust relations diminish with geographic distance.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Moreover, the World Bank translates and back-translates the survey instrument. The WBES data are used widely in economics and development economics studies (e.g., Harrison et al, 2014), international business studies (Cuervo-Cazurra, 2016), and studies of BG functioning (Castellacci, 2015a, 2015b). The data provide information on firm ownership and group affiliation as well as several indicators of export activity, human resource quality, the adoption of new ICTs, and access to internal and external finance, as well as sufficient information on our control variables.…”

Section: Data and Variablesmentioning

confidence: 99%

African Business Groups: How Does Group Affiliation Improve SMEs’ Export Intensity?

Tajeddin

Carney²

2018

Entrepreneurship Theory and Practice

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Can small and medium-sized enterprises (SMEs) in sub-Saharan Africa (SSA) overcome market imperfections to get the resources needed for exporting? We hypothesize that in many emerging economies, domestically owned SMEs address the hurdle of imperfect markets by creating private governance systems in the form of long-term business relationships in business groups (BGs). Our data are collected from the World Bank’s Enterprise Survey and comprises 8,885 SMEs in 33 SSA countries. We find that the export intensity of BG-affiliated SMEs is superior to independent firms, and that financial, human, and technological resources mediate the intensity of the BG affiliation–export relationship.

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“…For example, regulatory uncertainties and lack of market support mechanisms can manifest in curtailing firms' access to financial resources (Khanna & Palepu, 1999), limiting small‐ and medium‐sized enterprises' (SMEs') ability to finance CSR activities effectively. In this context, innovative activities are hampered by weak institutional settings (Castellacci, 2015).…”

Section: Introductionmentioning

confidence: 99%

Interfirm collaboration and corporate social responsibility expenditure in turbulent environments: The moderating role of entrepreneurial orientation

Adomako

Nguyen

2020

Corp Soc Responsibility Env

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This paper draws on the resource dependency theory to examine the impact of interfirm collaboration on corporate social responsibility (CSR) expenditure. In addition, we examine entrepreneurial orientation as a moderator of the relationship between interfirm collaboration and CSR expenditure. We test our research model using survey data from 230 small-and medium-sized enterprises (SMEs) in Ghana. Results from our empirical analyses reveal that interfirm collaboration positively impacts CSR expenditure and this relationship is strengthened when entrepreneurial orientation is greater in turbulent environments. Implications for theory and practice are discussed.

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Group Affiliation and Firms’ Export Intensity: A Cross-Country Study

Cited by 3 publications

References 32 publications

CSR Communication Strategies of Colombian Business Groups: An Analysis of Corporate Reports

CSR Communication Strategies of Colombian Business Groups: An Analysis of Corporate Reports

African Business Groups: How Does Group Affiliation Improve SMEs’ Export Intensity?

Interfirm collaboration and corporate social responsibility expenditure in turbulent environments: The moderating role of entrepreneurial orientation

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