Firms' competitive advantages

What is it about?

Companies can have two types of competitive advantages: internal and external. In this paper we analyse the effect of these types on the performance of exporter firms.

Featured Image

Why is it important?

Firm exports is a more and more important issue nowadays. We analyse a multi-country sample of more than 1,500 manufacturing firms in Germany, France, the United Kingdom, Spain, and Denmark. Our results show that countries’ institutional factors (i.e., capital markets, financial intermediaries, and skilled workforce) significantly impact both internal and external competitive advantages of the firms