Firms’ export performance: a fractional econometric approach

Data
2020
Autores
Rebelo, João Fernandes
Gouveia, Sofia Helena Cerqueira de
Título da revista
ISSN da revista
Título do Volume
Editora
Projetos de investigação
Unidades organizacionais
Fascículo
Resumo
Export activities have become crucial to firms’ competitiveness, with determinants of export performance being a challenging field of research, since there is no consensus regarding the explained and explanatory variables or on the econometric methods to be used. Using a panel data of Portuguese wine firms, this paper aims to contribute to this debate, combining both resource- and institutional-based views of the firm. This paper tries to overcome the methodological hurdle, addressing sample selection issues and considering the fractional response nature of export perfor- mance. Given the pros and cons of each econometric approach, the Heckman selection model, the fractional probit model and the two-part fractional response model are estimated, and the results compared. From a public policy perspective, the results show that policies that promote wine firm size, labor productivity and wine promotion in third countries have a positive impact on export performance at firm-level. Age does not appear as a key factor on the internationalization of Por- tuguese wine firms.
Descrição
Palavras-chave
resource-based view , institutional-based view , fractional response variables , ample selection , two-part model , panel data , Portuguese wine industry
Citação