Abstract

MENESES-AMAYA, Claudia Patricia; ESTRADA-CANAS, Ismael  and  COTE-PENA, Claudia Patricia. Implications of investment in intangible resources on the exporting capacity of companies in Santander, Colombia. Finanz. polit. econ. [online]. 2017, vol.9, n.2, pp.397-417. ISSN 2248-6046.  https://doi.org/10.14718/revfinanzpolitecon.2017.9.2.9.

This article analyzes the impact of investments in intangible resources on the exporting capacity of companies in Santander; to this effect, their correlation is estimated using two uniequational linear regression models: one without bias correction and the other one applying the bias correction proposed by Heckman (1979). The results show that there is a direct relationship between investments in patents, know-how, merchant credit, licenses, brands, concessions, franchises and rights, and the ability to expand to foreign markets. Nevertheless, the types of intangible resources that receive the largest investments are those that have the least impact on export capacity.

Keywords : export capacity; knowledge; investment in intangible resources; Santander.

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