Foreign Expansion by Italian Manufacturing Firms in the Nineties: an Ordered Probit Analysis

Roberto Basile (), Anna Giunta () and Jeffrey B. Nugent
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Jeffrey B. Nugent: University of Southern California

Industrial Organization from EconWPA

Abstract: This paper develops a foreign expansion index (FEI) of the firm which integrates various dimensions of commitment to internationalization, i.e. exports, foreign penetration operations and FDI. This study focuses on Italy, constructing FEIs for each of some 4,000 firms for three periods characterized by different exchange rate regimes. The determinants of FEI in each period are studied through the use of an ordered probit model. The findings suggest that: a) firm size, inter- firm relations, innovation capabilities, location and technology are all highly significant determinants of FEI, but their impact on the foreign expansion is influenced by the exchange rate regime.

Keywords: firm behavior; international business; qualitative choice models (search for similar items in EconPapers)
JEL-codes: L (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dcm, nep-eec and nep-ifn
Date: 2003-12-06
Note: Type of Document - Word doc; pages: 26; figures: 1. None
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Journal Article: Foreign Expansion by Italian Manufacturing Firms in the Nineties: an Ordered Probit Analysis (2003)
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpio:0312001

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