Internacionalização e o desempenho econômico: evidências para as empresas listadas na B³

Abstract

Through the perception of the commercial transactions expansion in the international scope and the growing search for companies to internationalize, constantly aiming for entering the world market, this paper aims to evaluate the impact of internationalization on the economic and financial performance of publicly traded companies listed on B³, in order to verify whether there is any impact of such a process on business performance in terms of financial profitability. To this end, fixed-effect panel data regression models were estimated for a sample of 215 publicly traded companies listed on the official Brazilian stock exchange (B³) from 2014 to 2018. The results revealed that there is no significant statistical correlation between exportation, aspect selected to represent internationalization, and the variables chosen to indicate business performance, which were return on assets (ROA) and return on equity (ROE). The contribution of this research is to advance the existing debate in the literature concerning the subject, presenting different nuances from those chosen by previous studies, thus expanding the scope of analysis for the subject.