Globalization has given rise to a new era of international competition. In this context, Global Value Chains provide a means for accelerating the development of enterprises by inserting themselves into the wider networks. Relocation of production is not a new phenomenon, however recently an increasing number of firms have also gradually globalized more complex development tasks. In the environment, where firms’ boundaries are expanded far beyond the home country, it is important to react fast on ever changing external conditions by measuring operational and financial performance of the firm. Performance measurement provides information for management and decision makers in order to identify the success of the organization and potential of the strategies selected. A number of studies on GVCs were written investigating the economic consequences of offshoring; however, often the research sample is limited to a single county, sector or activity. This paper contributes to the literature on international trade and value chains' by testing the effect of GVC modifications related to high value-adding activities on firm operational and financial performance. The data for empirical analysis was collected through an Internet-based survey. The questionnaire was sent via e-mail to a wide number of international companies that perform their activities at least in two countries. As the result, 403 responses were collected and analyzed. The findings show a positive relationship between GVC modifications of high-value adding functions and firm performance. However, in some cases contradictive results were obtained since a range of other factors influence company operational and financial results.
La globalizzazione ha dato origine a una nuova era di competizione internazionale. In questo contesto, catene di valore globali forniscono un mezzo per accelerare lo sviluppo delle imprese inserendosi nelle reti più ampie. Delocalizzazione della produzione non è un fenomeno nuovo, ma di recente un numero crescente di aziende hanno anche gradualmente globalizzato attività di sviluppo più complessi. Nell'ambiente, dove i confini delle imprese si espandono ben oltre il paese di origine, è importante reagire velocemente sul continuo cambiamento delle condizioni esterne per la misurazione delle prestazioni operative e finanziarie della società. Misurazione della performance fornisce informazioni ai responsabili di gestione per identificare il successo dell'organizzazione e del potenziale delle strategie selezionate. Un certo numero di studi su GVCs sono stati scritti indagare le conseguenze economiche della delocalizzazione; Tuttavia, spesso il campione di ricerca è limitato ad una contea singolo settore o attività. Questo lavoro contribuisce alla letteratura sulle catene commerciali e di valore internazionale testando l'effetto delle modifiche GVC legati alle alte attività a valore aggiunto sulle prestazioni operative e finanziarie dell'azienda. I dati per l'analisi empirica sono stati raccolti attraverso un sondaggio basato su Internet. Il questionario è stato inviato via e-mail a un ampio numero di aziende internazionali che svolgono le loro attività in almeno due paesi. Come risultato, 403 risposte sono stati raccolti e analizzati. I risultati mostrano una relazione positiva tra GVC modifiche di funzioni che aggiungono ad alto valore e performance aziendale. Tuttavia, in alcuni casi i risultati sono stati ottenuti contradictive poiché una serie di altri fattori influenzano i risultati operativi e finanziari aziendali.
GLOBAL VALUE CHAIN DYNAMICS AND FIRM PERFORMANCE: A CROSS-COUNTRY SURVEY
SKORYK, TETIANA
2015/2016
Abstract
Globalization has given rise to a new era of international competition. In this context, Global Value Chains provide a means for accelerating the development of enterprises by inserting themselves into the wider networks. Relocation of production is not a new phenomenon, however recently an increasing number of firms have also gradually globalized more complex development tasks. In the environment, where firms’ boundaries are expanded far beyond the home country, it is important to react fast on ever changing external conditions by measuring operational and financial performance of the firm. Performance measurement provides information for management and decision makers in order to identify the success of the organization and potential of the strategies selected. A number of studies on GVCs were written investigating the economic consequences of offshoring; however, often the research sample is limited to a single county, sector or activity. This paper contributes to the literature on international trade and value chains' by testing the effect of GVC modifications related to high value-adding activities on firm operational and financial performance. The data for empirical analysis was collected through an Internet-based survey. The questionnaire was sent via e-mail to a wide number of international companies that perform their activities at least in two countries. As the result, 403 responses were collected and analyzed. The findings show a positive relationship between GVC modifications of high-value adding functions and firm performance. However, in some cases contradictive results were obtained since a range of other factors influence company operational and financial results.È consentito all'utente scaricare e condividere i documenti disponibili a testo pieno in UNITESI UNIPV nel rispetto della licenza Creative Commons del tipo CC BY NC ND.
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https://hdl.handle.net/20.500.14239/7329