Market Control

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Roberto Ganau - One of the best experts on this subject based on the ideXlab platform.

  • smes growth in international Markets export intensity export diversification and distribution strategies
    2017
    Co-Authors: Eleonora Di Maria, Roberto Ganau
    Abstract:

    Depending on the firm’s resources and capabilities, international distribution strategies may lead to either high Market Control (commercial subsidiaries) or flexibility and speed (collaborative or independent forms) in entering foreign Markets. This strategic choice is particularly crucial for SMEs’ internationalisation strategies. This paper investigates the relationship between SMEs’ distribution strategies adopted abroad and their export performance, defined in terms of export intensity and diversification. The research hypotheses are proposed distinguishing between small- and medium-sized firms, as well as differentiating between regional and global Markets. The empirical analysis refers to a sample of about 2600 Italian SMEs observed over the period 2004–2006, and considers different destination Markets: the 25-country European Union area (regional Market) and the rest of the world (global Market). The empirical results suggest that commercial distribution based on agreements has a higher impact on SMEs’ export intensity than the other two distribution modes in the regional Market, with the FDI-mode having a higher effect than the use of local traders. On the contrary, SMEs’ export intensity in the global Market seems to benefit more from the use of local traders, while non-equity agreements present the lowest effect. Agreements-based distribution modes have the highest impact on SMEs’ export diversification, followed by FDIs and then by the distribution through local traders.

  • smes growth in international Markets export intensity export diversification and distribution strategies
    2017
    Co-Authors: Eleonora Di Maria, Roberto Ganau
    Abstract:

    Depending on the firm’s resources and capabilities, international distribution strategies may lead to either high Market Control (commercial subsidiaries) or flexibility and speed (collaborative or independent forms) in entering foreign Markets. This strategic choice is particularly crucial for SMEs’ internationalisation strategies. This paper investigates the relationship between SMEs’ distribution strategies adopted abroad and their export performance, defined in terms of export intensity and diversification. The research hypotheses are proposed distinguishing between small- and medium-sized firms, as well as differentiating between regional and global Markets. The empirical analysis refers to a sample of about 2600 Italian SMEs observed over the period 2004–2006, and considers different destination Markets: the 25-country European Union area (regional Market) and the rest of the world (global Market). The empirical results suggest that commercial distribution based on agreements has a higher impact on SMEs’ export intensity than the other two distribution modes in the regional Market, with the FDI-mode having a higher effect than the use of local traders. On the contrary, SMEs’ export intensity in the global Market seems to benefit more from the use of local traders, while non-equity agreements present the lowest effect. Agreements-based distribution modes have the highest impact on SMEs’ export diversification, followed by FDIs and then by the distribution through local traders.

Eleonora Di Maria - One of the best experts on this subject based on the ideXlab platform.

  • smes growth in international Markets export intensity export diversification and distribution strategies
    2017
    Co-Authors: Eleonora Di Maria, Roberto Ganau
    Abstract:

    Depending on the firm’s resources and capabilities, international distribution strategies may lead to either high Market Control (commercial subsidiaries) or flexibility and speed (collaborative or independent forms) in entering foreign Markets. This strategic choice is particularly crucial for SMEs’ internationalisation strategies. This paper investigates the relationship between SMEs’ distribution strategies adopted abroad and their export performance, defined in terms of export intensity and diversification. The research hypotheses are proposed distinguishing between small- and medium-sized firms, as well as differentiating between regional and global Markets. The empirical analysis refers to a sample of about 2600 Italian SMEs observed over the period 2004–2006, and considers different destination Markets: the 25-country European Union area (regional Market) and the rest of the world (global Market). The empirical results suggest that commercial distribution based on agreements has a higher impact on SMEs’ export intensity than the other two distribution modes in the regional Market, with the FDI-mode having a higher effect than the use of local traders. On the contrary, SMEs’ export intensity in the global Market seems to benefit more from the use of local traders, while non-equity agreements present the lowest effect. Agreements-based distribution modes have the highest impact on SMEs’ export diversification, followed by FDIs and then by the distribution through local traders.

  • smes growth in international Markets export intensity export diversification and distribution strategies
    2017
    Co-Authors: Eleonora Di Maria, Roberto Ganau
    Abstract:

    Depending on the firm’s resources and capabilities, international distribution strategies may lead to either high Market Control (commercial subsidiaries) or flexibility and speed (collaborative or independent forms) in entering foreign Markets. This strategic choice is particularly crucial for SMEs’ internationalisation strategies. This paper investigates the relationship between SMEs’ distribution strategies adopted abroad and their export performance, defined in terms of export intensity and diversification. The research hypotheses are proposed distinguishing between small- and medium-sized firms, as well as differentiating between regional and global Markets. The empirical analysis refers to a sample of about 2600 Italian SMEs observed over the period 2004–2006, and considers different destination Markets: the 25-country European Union area (regional Market) and the rest of the world (global Market). The empirical results suggest that commercial distribution based on agreements has a higher impact on SMEs’ export intensity than the other two distribution modes in the regional Market, with the FDI-mode having a higher effect than the use of local traders. On the contrary, SMEs’ export intensity in the global Market seems to benefit more from the use of local traders, while non-equity agreements present the lowest effect. Agreements-based distribution modes have the highest impact on SMEs’ export diversification, followed by FDIs and then by the distribution through local traders.

Andrew Cumbers - One of the best experts on this subject based on the ideXlab platform.

  • regulating the new urban poor local labour Market Control in an old industrial city
    2006
    Co-Authors: Gesa Helms, Andrew Cumbers
    Abstract:

    Abstract There has been considerable debate in recent years about the new forms of labour Market policy developing in advanced industrial states, and especially the emergence of neo-liberal workfare regimes in the US and the UK. Conceptually, this has been viewed as part of a new form of employment regulation, based upon compulsion and coercion within a shift towards more flexible labour Markets. Whilst in the UK policy might be conceived at the national level, it is at the local scale, within particular contexts, that the new employment initiatives are played out and their impact needs to be assessed. In this paper, attention is drawn to the importance of local labour Control regimes, focusing upon how labour Market institutions and mechanisms of regulation are developed within particular local historical contexts. In contrast to some accounts, the importance is emphasised of inherited social institutions and practices, both within the workplace and beyond in the sphere of social reproduction, in the dev...

Gesa Helms - One of the best experts on this subject based on the ideXlab platform.

  • regulating the new urban poor local labour Market Control in an old industrial city
    2006
    Co-Authors: Gesa Helms, Andrew Cumbers
    Abstract:

    Abstract There has been considerable debate in recent years about the new forms of labour Market policy developing in advanced industrial states, and especially the emergence of neo-liberal workfare regimes in the US and the UK. Conceptually, this has been viewed as part of a new form of employment regulation, based upon compulsion and coercion within a shift towards more flexible labour Markets. Whilst in the UK policy might be conceived at the national level, it is at the local scale, within particular contexts, that the new employment initiatives are played out and their impact needs to be assessed. In this paper, attention is drawn to the importance of local labour Control regimes, focusing upon how labour Market institutions and mechanisms of regulation are developed within particular local historical contexts. In contrast to some accounts, the importance is emphasised of inherited social institutions and practices, both within the workplace and beyond in the sphere of social reproduction, in the dev...

Alvaro Cuervo - One of the best experts on this subject based on the ideXlab platform.

  • corporate governance mechanisms a plea for less code of good governance and more Market Control
    2002
    Co-Authors: Alvaro Cuervo
    Abstract:

    This paper provides a critical comparative analysis of corporate governance mechanisms in Market-oriented (Anglo-Saxon) and large shareholder-oriented (Continental European) systems of corporate governance. Deficiencies in shareholder protection in the legal systems of both corporate governance systems have been addressed through the use of codes of good governance, a set of norms that regulate the behaviour and structure of the board of directors. However, the lower enforceability of norms in Continental Europe limits the applicability of such codes. Therefore, we argue that in Continental Europe, rather than promoting codes of good governance, it is necessary to expand Market Control mechanisms to facilitate the maximisation of firm value.

  • corporate governance mechanisms a plea for less code of good governance and more Market Control
    2002
    Co-Authors: Alvaro Cuervo
    Abstract:

    This paper provides a critical comparative analysis of corporate governance mechanisms in Market-oriented (Anglo-Saxon) and large shareholder-oriented (Continental European) systems of corporate governance. Deficiencies in shareholder protection in the legal systems of both corporate governance systems have been addressed through the use of codes of good governance, a set of norms that regulate the behaviour and structure of the board of directors. However, the lower enforceability of norms in Continental Europe limits the applicability of such codes. Therefore, we argue that in Continental Europe, rather than promoting codes of good governance, it is necessary to expand Market Control mechanisms to facilitate the maximisation of firm value. Copyright Blackwell Publishers Ltd 2002.