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Internationalization and performance in agri-food firms

机译:农业食品公司的国际化和绩效

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This paper studies the relationship between internationalization and performance in agri-food firms. In line with the recent literature, it analyses the effects of the degree of internationalization using a uniform sample, a long-term focus and a measure that combines export intensity and regional diversification. The study empirically confirms the hypothesis of a horizontal S-curve relationship between geographical diversification and performance and identifies three phases. Export firms are found in the first phase; their profits are low due the initial costs incurred in exporting. Companies with a more advanced internationalization process are in the second phase; they benefit from the positive outcomes of operating on a larger scale. Lastly, the third phase contains highly international, geographically diversified companies; their performance decreases as a result of the costs of entering extra-regional markets, which are especially steep in this sector; they also face higher transition costs and organisational complexity. The results presented could be interesting for policymakers designing and implementing export programmes for agri-food firms. Policies should include assistance at the start of the internationalization process and an attempt to prolong the strategy until the volume of business is sufficient to start showing an increase in performance. The policies could possibly promote networking between Spanish and foreign companies to reduce the costs of more global internationalization strategies.
机译:本文研究了农业食品公司国际化与绩效之间的关系。根据最近的文献,它使用统一的样本,长期的关注点以及结合出口强度和区域多元化的措施来分析国际化程度的影响。该研究从经验上证实了地理多样化和绩效之间水平S曲线关系的假设,并确定了三个阶段。出口公司位于第一阶段。由于出口产生的初始成本,它们的利润很低。国际化进程更先进的公司处于第二阶段。他们受益于大规模经营的积极成果。最后,第三阶段包括高度国际化,地域多元化的公司;由于进入区域外市场的成本,它们的业绩下降,而这一区域的价格尤其高昂;他们还面临更高的过渡成本和组织复杂性。提出的结果对于决策者为农业食品公司设计和实施出口计划可能是有趣的。政策应包括在国际化过程开始时提供帮助,并尝试延长策略,直到业务量足以开始显示业绩增长为止。这些政策可能会促进西班牙公司与外国公司之间的网络联系,以降低更多全球化国际化战略的成本。

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