<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0120-4645</journal-id>
<journal-title><![CDATA[Cuadernos de Administración (Universidad del Valle)]]></journal-title>
<abbrev-journal-title><![CDATA[cuad.adm.]]></abbrev-journal-title>
<issn>0120-4645</issn>
<publisher>
<publisher-name><![CDATA[Universidad del Valle]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0120-46452021000100002</article-id>
<article-id pub-id-type="doi">10.25100/cdea.v37i69.10682</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[Product diversification and internationalization of Mexican companies]]></article-title>
<article-title xml:lang="es"><![CDATA[Diversificación de producto e internacionalización de las empresas mexicanas]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Galván Vera]]></surname>
<given-names><![CDATA[Antonio]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[García Fernández]]></surname>
<given-names><![CDATA[Francisco]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Delgado Rivas]]></surname>
<given-names><![CDATA[Jesús Gerardo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Autónoma de Tamaulipas Faculty of Commerce and Administration ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad Autónoma de Tamaulipas Faculty of Commerce and Administration ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af3">
<institution><![CDATA[,Universidad Autónoma de Tamaulipas Faculty of Commerce and Administration ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>04</month>
<year>2021</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>04</month>
<year>2021</year>
</pub-date>
<volume>37</volume>
<numero>69</numero>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_arttext&amp;pid=S0120-46452021000100002&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_abstract&amp;pid=S0120-46452021000100002&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.co/scielo.php?script=sci_pdf&amp;pid=S0120-46452021000100002&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract This article was prepared to provide evidence as to whether Mexican companies that diversify their products are more likely to internationalize their business units. The study concentrated on Mexican companies that list on the Mexican Stock Exchange, so that evidence could be found regarding the propensity of said firms to have multi-segment activities and to sell in foreign markets. The companies that were studied had representative market shares. The methodology was quantitative and descriptive, and used variables such as sales, net income, and total assets to establish the companies&#8217; patterns of behaviour. Companies seek to diversify in order to grow, to put new products on the market, to enter new markets, and to seek new challenges. Diversification has costs and associated risks, but can also enable a company to maximize profits. The authors&#8217; analysis goes further, to show which companies diversify in Mexico&#8217;s emerging economy, and which ones also have a presence in international markets. The majority of Mexican companies that opt to diversify and operate internationally face challenges such as the distinct, associated costs that are due to the companies&#8217; inexperience in foreign markets, as well as to the institutional restrictions in emerging markets. However, some results indicate that over time, as the companies gain understanding and experience, they become able to take advantage of the benefits of a greater international diversification.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen El artículo se realiza para aportar evidencia a si las empresas mexicanas que diversifican en sus productos son más propensas a internacionalizar sus unidades de negocio. El estudio se centra en empresas mexicanas que cotizan en la bolsa de valores para encontrar evidencia con respecto a la propensidad de las actividades multi-segmento y de mercados distintos al de origen de estas firmas que tienen una participación de mercado representativa. La metodología es cuantitativa y descriptiva, se utilizaron variables como ventas, ingresos netos y activos totales para establecer los patrones de comportamiento de la empresa. Las empresas buscan diversificar para crecer, tener nuevos productos dentro del mercado y entrar a otros, todo esto lleva costos que podrán tener beneficios asociados al riesgo que la lleve a poder maximizar sus beneficios. El análisis se extiende en conocer si las actividades son en segmentos únicos y múltiples, así como el operar en mercados diferentes al nacional. Los resultados muestran las empresas que diversifican en esta economía emergente, así como aquellas que amplían su estrategia a nivel internacional. La mayoría de las empresas mexicanas que optan por diversificarse y operar internacionalmente; encaran retos como los distintos costos que esta implica debido a la inexperiencia en los mercados extranjeros y las restricciones institucionales de los mercados emergentes. Así mismo, algunos resultados indican que, a través del tiempo son capaces de aprovechar los beneficios de una mayor diversificación internacional que da como resultado rendimientos positivos porque ganan conocimiento y experiencia.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[Diversification]]></kwd>
<kwd lng="en"><![CDATA[International]]></kwd>
<kwd lng="en"><![CDATA[Mexican firms]]></kwd>
<kwd lng="es"><![CDATA[Diversificación]]></kwd>
<kwd lng="es"><![CDATA[Internacional]]></kwd>
<kwd lng="es"><![CDATA[Empresas mexicanas]]></kwd>
</kwd-group>
</article-meta>
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