How much does country matter in emerging economies? Evidence from Latin America

Purpose The purpose of this paper is to examine the magnitude of country, industry and firm‐specific effects for firms competing in emerging economies and also explore differences between high and low performers. Design/methodology/approach The authors use ANOVA methodologies on samples from firms competing in Latin America between 1990‐2006. Findings It was found that the firm‐specific effect is the most important one, and relatively equivalent...