EconPapers    
Economics at your fingertips  
 

International standards certification, institutional voids and exports from developing country firms

Micheline Goedhuys () and Leo Sleuwaegen

International Business Review, 2016, vol. 25, issue 6, 1344-1355

Abstract: This paper analyses the impact of International Standards Certification (ISC) on the export participation and the scale of exports of firms based in 89 developing or transition countries. We conceptualise ISC as an endogenous institutional advantage, which bridges institutional voids in the country and helps firms to export. The empirical results show that certified firms are more likely to export, and to export on a larger scale. The impact of ISC runs through two channels: productivity and transaction cost economies. We show that certification plays an important role in bringing down transaction costs in international markets, while also maintaining and raising efficiency. This finding is reinforced by additional evidence, suggesting that ISC matters more for the export participation of domestic firms than for foreign firms and is of greater importance for firms based in countries characterised by severe institutional voids.

Keywords: Certification; Export performance; Institutional voids; Transaction costs (search for similar items in EconPapers)
JEL-codes: D23 D24 O12 O17 O33 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (19) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0969593116300592
Full text for ScienceDirect subscribers only

Related works:
Working Paper: International standards certification, institutional voids and exports from developing country firms (2016) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:iburev:v:25:y:2016:i:6:p:1344-1355

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/133/bibliographic
http://www.elsevier. ... me/133/bibliographic

DOI: 10.1016/j.ibusrev.2016.04.006

Access Statistics for this article

International Business Review is currently edited by P. Ghauri

More articles in International Business Review from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

 
Page updated 2021-10-11
Handle: RePEc:eee:iburev:v:25:y:2016:i:6:p:1344-1355