Open AccessThe Colombian pharmaceutical industry: Factors affecting export
Author(s) -
Diana Marcela Escandón Barbosa,
Andrea Hurtado Ayala,
Alberto Arias Sandoval
Publication year - 2016
Publication title -
european journal of management and business economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.691
H-Index - 16
eISSN - 2444-8494
pISSN - 2444-8451
DOI - 10.1016/j.redee.2015.10.004
Subject(s) - dynamism , business , industrial organization , pharmaceutical industry , multilevel model , computer science , medicine , pharmacology , physics , quantum mechanics , machine learning
In recent years, companies in the pharmaceutical industry have been confronted with a turbulent environment characterized by dynamism, complexity and uncertainty. To cope with these changes and achieve improved performance, these companies must generate the ability to make appropriate changes in their organizations. For that reason, we use a quantitative methodology linear regression model to investigate the multilevel resources, capacities and institutional aspects that influence the level of exports of companies in Colombia's pharmaceutical sector. The main findings that are highlighted include the significant role of the variables of supply costs, logistics, preview experience and the institutional environment in improving exports in the sector