Person: Díez Vial, Isabel
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First Name
Isabel
Last Name
Díez Vial
Affiliation
Universidad Complutense de Madrid
Faculty / Institute
Ciencias Económicas y Empresariales
Department
Area
Organización de Empresas
Identifiers
4 results
Search Results
Now showing 1 - 4 of 4
Item Internationalization pathways and the performance of SMEs(European Journal of Marketing, 2015) Fernández Olmos, Marta; Díez Vial, IsabelPurpose – The purpose of this paper is to examine the effect of the chosen specific internationalization pathway on the relationship between internationalization and firm performance. Design/methodology/approach – This paper analyses the internationalization pathway among small- and medium-sized enterprises which internationalize through exporting and are more limited in terms of the resources they can leverage across markets. Findings – Empirical evidence obtained from a sample of wineries in La Rioja shows that the internationalization – export performance relationship is characterized by a U-shaped curve for firms with a gradual internationalization pathway, and an S-shaped curve for firms with an accelerated internationalization pathway. Research limitations/implications – This empirical study on the impact of export intensity on performance has acknowledged the importance of costs caused by the liability of foreignness and the transaction and coordination costs involved in each market expansion process. However, it has not examined the effect of differences in absorptive and coordination capabilities at the firm level. Practical implications – The findings about the role of the specific internationalization pathway in driving export intensity and performance appear to be relevant from a public-policy perspective. Local policies aimed at promoting exports have been widely based on the argument that firms can improve their performance through increasing their level of international sales. However, empirical evidence shows that these efforts may not work as well as was thought, unless combined with the right market expansion pathway and the optimal level of exports associated with this international market expansion. Social implications – Most studies on the effect of international market expansion on firm performance have not considered the influence of the specific market expansion pathway chosen. In taking this factor into account, this paper contributes to the existing body of work by developing an integrative theoretical framework that explores how the pathway of internationalization impacts on firms’ performance. Originality/value – Most studies on the effect of international market expansion on firm performance have not considered the influence of the specific market expansion process chosen. In taking this factor into account, this paper contributes to the existing body of work by developing an integrative theoretical framework that explores how the process of international market expansion impacts on firms’ performance.Item Intangible resources, export channel and performance: is there any fit?(Journal of Business Economics and Management, 2015) Fernández Olmos, Marta; Díez Vial, IsabelAs the resource-based view suggests, firms choose their export channel on the basis of their internal pool of resources. Following this approach, we firstly hypothesize that firms with intangible resources will establish direct export channels to better exploit, protect and develop their firm-specific resources. Secondly, we propose that firms that establish their export channel on the basis of their internal resources outperform those firms that do not. To obtain empirical evidence we used a Heckman two-step model for the DOC Rioja wine industry. The results confirm that firms improve their export performance when jointly considering internal resources and the export channel. Also, human resources are the most relevant intangible resources in our model. This paper contributes by offering empirical evidence on the exporting channel strategies chosen by Spanish wineries. This paper makes a theoretical contribution by examining the performance consequences of following the RBV approach. Likewise, it has important practical implications for managers, who can improve their firm’s export performance by assessing their internal resources before considering which export channel to choose.Item The effect of science and technology parks on a firm’s performance: a dynamic approach over time(Journal of Evolutionary Economics, 2017) Díez Vial, Isabel; Fernández Olmos, MartaWe argue that the benefits provided by locations inside science and technology parks evolve over time. Firms inside parks can improve performance due to certain advantages related to knowledge spillovers and shared resources that can be particularly useful in earlier stages of the industry life cycle. In these industries, local knowledge sharing is particularly useful because no standards are clearly established, as we have confirmed in a sample of 12,800 firms from the PITEC database, located either on- or off-park. We also find that young firms can benefit more from the park than more established businesses in terms of both business growth and innovative capacity. Although older firms have greater experience and investments that would increase their capacity to absorb external knowledge, their associated rigidities prevent them from incorporating changes into their structures.Item Knowledge spillovers in science and technology parks: how can firms benefit most?(Journal of Technology Transfer, 2015) Díez Vial, Isabel; Fernández Olmos, MartaThis research evaluates the role of science and technology parks as locations fostering local knowledge exchange and promoting innovation. We consider that these knowledge externalities depend on firms’ internal efforts and strategies, since their capacity to understand and exploit others’ knowledge depends on their own knowledge base. Empirical evidence has been gathered from 2007 to 2011 in a longitudinal analysis on 11,201 firms in total, using a Spanish database from PITEC (Technological Innovation Panel). Results of a two Tobit models with random effects, confirm our hypotheses. First, firms with previous cooperation agreements with universities and research institutions would benefit most from the park as they can more easily incorporate existing knowledge in the park and improve their product innovation. Secondly, results also seem to indicate that product innovation is higher when firms with internal R&D efforts can share knowledge on a reciprocal basis with other firms that are also investing in R&D.