Mutual Effects Between Innovation Commitment and Exports: Evidence from the Owner-Manager in Colombia

Abstract

Latin America and the Caribbean is recognized as a region of entrepreneurs, as evidenced by the high amount of ventures per capita; however, just a few number of companies export and most of them show a weak growth and little innovation. Using information from the GEM database -Colombia 2010 and 2011, this study investigates the mutual effects between the owner-manager's commitment to innovation and the export behavior of companies. Logistic and Ordinal regression models are used to test the proposed hypotheses in this study.The main findings of this study suggest that the owner-manager's commitment to innovation is an important booster for exports, as well as for increasing sales abroad. Furthermore, the results suggest that the export propensity, in turn, increases the likelihood of involvement of owner-managers to innovate in Colombia.

Experience as a catalyst of export destinations: The ambidextrous connection between international experience and past entrepreneurial experience

“…However, most of the sampled businesses report an export intensity level that falls in the 1%-25% interval (83.33%), while the remaining 16.67% of business export between 25% and 50% of their products/services. This descriptive result is consistent with other similar studies conducted in developed (Eaton, Kortum, & Kramarz, 2004) and developing economies (Brambilla et al, 2012;Martins et al, 2015;Vaillant et al, 2019). Given the distribution of this ordinal variable, an ordered probit model regressing export intensity against past entrepreneurial experience would produce inconsistent results closer to a probit model in which the perfect collinearity between export market experience and the dependent variable would contaminate the analysis and the conclusions that can be drawn from it.…”

“…Prior work suggests that entrepreneurs and their SMEs operating in emerging markets are increasingly active internationally (Lafuente, Stoian, & Rialp, 2015;Li et al, 2018;Martins, Goméz-Araujo, & Vaillant, 2015;Miocevic & Crnjak-Karanovic, 2011;Vendrell-Herrero, Gomes, Mellahi, & Child, 2017). However, most of the literature on Latin American markets focuses on the international behavior of large firms (e.g., Aulakh, Kotabe, & Teenge, 2000;Martincus & Carballo, 2008).…”

La innovación y sus efectos: la evidencia de los sectores manufactureros ecuatorianos y argentinos

“…De igual manera, en la Argentina existe un impacto de la innovación en el proceso en las Exportaciones, lo que corrobora el criterio de que los más innovadores son más propensos a exportar, evidenciadas por Caldera, 2010;Martins, Goméz-Araujo, & Vaillant, 2015;Love & Roper, 2015, autores que encuentran una relación positiva entre las exportaciones y la innovación.…”

“…En referencia a las exportaciones, otros autores señalan que las pymes que tienen un historial de innovación son más propensos a exportar (Caldera, 2010;Martins, Goméz-Araujo, & Vaillant, 2015;Love & Roper, 2015). Por otra parte, las innovaciones permiten a las empresas reducir los costes marginales y obtener una ventaja sobre los competidores (Božić & Radas, 2006;Caldera, 2010).…”

La innovación en las MIPYMES manufactureras: estudio comparativo entre el Ecuador y la Argentina

“…Por otro lado, con otro planteamiento, existen investigaciones en las industrias manufactureras, que señalan que la innovación en el producto tiene un enlace débil con las ventas de las empresas (Yeh-Yun y Yi-Ching Chen, 2007; Gunday et al, 2011). En referencia a las exportaciones, otros autores señalan que las pymes que tienen un historial de innovación son más propensas a exportar (Caldera, 2010;Martins et al, 2015;Love y Roper, 2015;De Fuentes et al, 2015). Por otra parte, las innovaciones permiten a las empresas reducir los costes marginales y obtener una ventaja sobre los competidores (Boži y Radas, 2006;Caldera, 2010, Bayraktar et al, 2017.…”