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Interconnecting exporter types with export growth and decline patterns: Evidence from matched mature Estonian and Spanish firms

Tiia Vissak (School of Economics and Business Administration, University of Tartu, Tartu, Estonia)
Oliver Lukason (School of Economics and Business Administration, University of Tartu, Tartu, Estonia)
Maria-Jesus Segovia-Vargas (Department of Financial Economics and Accounting, Complutense University of Madrid, Madrid, Spain)

Review of International Business and Strategy

ISSN: 2059-6014

Article publication date: 5 March 2018

Abstract

Purpose

This paper aims to find out if different exporter types dominate among matched mature Spanish and Estonian firms and whether these types are associated with specific export growth/decline patterns.

Design/methodology/approach

This study is based on firm-level data from the Estonian Business Register’s database of annual financial reports and SEPI Foundation’s survey on Spanish firms’ business strategies. From both countries, 242 firms were included and the period 2009-2013 was chosen.

Findings

Committed exporters (with 75 per cent or higher export shares) dominated in Estonia and experimental exporters (with export shares mostly below 10 per cent) in Spain. While in Estonia, the most frequent export growth/decline pattern encompassed four consecutive growth years, in Spain, it had two consecutive growth years and then two decline years. Spanish firms’ export growth/decline patterns were more random: 12 patterns of 16 fell within the range of a random walk assumption, while in Estonia, only 5 patterns were within the range. Contingency existed between exporter types and export growth/decline patterns only for the whole sample.

Originality/value

This paper studies if committed/aggressive/active exporters experience more export fluctuations than passive/experimental exporters, and how random export growth/decline patterns are.

Keywords

Acknowledgements

This work was supported by the Institutional Research Funding IUT20-49 of the Estonian Ministry of Education and Research and by the Estonian Research Council’s grant PUT 1003.

Citation

Vissak, T., Lukason, O. and Segovia-Vargas, M.-J. (2018), "Interconnecting exporter types with export growth and decline patterns: Evidence from matched mature Estonian and Spanish firms", Review of International Business and Strategy, Vol. 28 No. 1, pp. 61-76. https://doi.org/10.1108/RIBS-07-2017-0056

Publisher

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Emerald Publishing Limited

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