El efecto curvilíneo del capital relacional en el desempeño financiero de la empresa: evidencia de México

Autores/as

  • Daniel Arturo Cernas Ortiz
  • Patricia Mercado Salgado

DOI:

https://doi.org/10.37467/revgestion.v1i2.1248

Resumen

El capital relacional de una empresa consta del conocimiento que se encuentra incrustado en sus relaciones con entidades ajenas a ella. Diversas corrientes de investigación han proporcionado hallazgos divergentes sobre el posible efecto del capital relacional en el desempeño financiero de la empresa. Construyendo sobre la teoría de la fortaleza de las relaciones sociales débiles, en esta in-vestigación se hipotetiza, y se encuentra, que el capital relacional tiene un efecto curvilíneo-invertido sobre la rentabilidad empresarial. En otras palabras, que la rentabilidad es más alta a niveles medios que a niveles bajos o altos de capital relacional. También se encuentra que la experiencia entre una empresa y aquéllas entidades con las que se relaciona modera tal efecto en forma parcial. La prueba empírica de esta investigación se realiza con una muestra de 29 empresas mexicanas que cotizan en el mercado de valores y que llevaron a cabo al menos una alianza estratégica o una joint venture durante los años 2000 y 2005.

Citas

Agle, B. R., Mitchell, R. K. & Sonnenfeld, J. A. 1999. Who matters to CEOs? An investigation of stakeholder attributes and salience, corporate performance, and CEO values. Academy of Management Journal, 42: 507-526.

Aiken L., & West, S. 1991. Multiple Regression: Testing and Interpreting Interactions. California: Sage.

Anand, B., & Khanna, T. 2000. Do firms learn to create value? The case of alliances. Strategic Management Journal, 21: 295-315.

Baron, R. & Kenny, D. 1986. The moderator-mediator variable distinction in social psychological research: conceptual, strategic, and statistical considerations. Journal of Personality and Social Psychology, 51 (6): 1173-1182.

Bontis, N. 1998. Intellectual capital: An exploratory study that develops measures and models. Management Decision, 36 (2): 63-76.

Bontis, N. 1999. Managing organizational knowledge by diagnosing intellectual capital: Framing and advancing the state of the field. International Journal of Technology Management, 18 (5): 433-462.

Bontis, N., Keow, W., Richardson, S. 2000. Intellectual capital and business performance in Malaysian industries. Journal of Intellectual Capital, 1 (1): 85-100.

Brooking, A. 1997. The management of intellectual capital. Long Range Planning, 30 (3): 364-365.

Capaldo, A. 2007. Network structure and innovation: The leveraging of a dual network as a distinctive relational capability. Strategic Management Journal, 28: 585-608.

Chang, Y. & Thomas, H. 1989. The impact of diversification strategy on risk-return performance. Strategic Management Journal, 10: 271-284.

Delong, G. & Deyoung, R. 2007. Learning by observing: Information spillovers in the execution and valuation of commercial bank M&As. Journal of Finance, 62 (1): 181-216.

Desmond, W. 2007. A modern resource based approach to unrelated diversification. Journal of Management Studies, 44 (8): 1481- 1502.

Garrette, B., Castañer, X., & Dussauge, P. 2009. Horizontal alliances as an alternative to autonomous production: Product expansion mode choice in the worldwide aircraft industry 1945-2000. Strategic Management Journal, 30: 885-894.

Goerzen, A. 2007. Alliance networks and firm performance: The impact of repeated partnerships. Strategic Management Journal, 28: 487 - 509.

Granovetter, M. 1973. The strength of weak ties. American Journal of Sociology, 78 (6): 1360-1380.

Granovetter, M. 1983. The strength of weak ties: A network theory revisited. Sociological Theory, 1: 201-233.

Greene, W. 2003. Econometric A nalysis. Upper Saddle River, NJ: Prentice Hall.

Gulati, R., Lavie, D. & Singh, H. 2009. The nature of partnering experience and the gains from alliances. Strategic Management Journal, 30: 1213-1233.

Hammel, G. 1991. Competition for competence and inter-partner learning within international strategic alliances. Strategic Management Journal, 12: 83 104.

Helfat, C. E., & Lieberman, M. 2002. The birth of capabilities: market entry and the importance of pre-history. Industrial and Corporate Change, 11 (4): 725-760.

Hoang, H., & Rothaermel, F. 2005. The effect of general and partner specific alliance experience on joint R&D project performance. Academy of Management Journal, 48 (2): 332-345.

Hormiga, E., Batista-Canino, R. & Sánchez-Medina, A. 2011. The impact of relational capital on the success of new business start-ups. Journal of Small Business Management, 49 (4): 617-638.

Jensen, 1989. Eclipse of the public corporation. Harvard Business Review, 67 (5): 61-74.

Kale, P., & Singh, H. 2009. Managing strategic alliances: What do we know now, and where do we go from here? Academy of Management Perspectives, 23 (3): 45-62.

Knight, D. 1999. Performance measures for increasing intellectual capital. Strategy and Leadership, 27 (2): 22-25.

Kogut, B. 1988. Joint ventures: theoretical and empirical perspectives. Strategic Management Journal, 9 (4): 319-335.

Lane, P. & Lubatkin, M. 1998. Relative absorptive capacity and inter-organizational learning. Strategic Management Journal, 19: 461-477.

Lin, N., Ensel, W., & Vaughn, J. 1981. Social resources, strength of ties and occupational status attainment. American Sociological Review, 46 (4): 393-405.

Moon, Y. & Kim, H. 2006. A model for the value of intellectual capital. Canadian Journal of Administrative Sciences, 23 (3) 253-269.

Nahapiet, J. & Goshal, S. 1998. Social capital, intellectual capital, and the organizational advantage. Academy of Management Review, 23 (2): 242-266.

Park, S. & Kim, D. 1997. Market valuation of joint ventures: joint venture characteristics and wealth gains. Journal of Business Venturing, 12: 83-108.

Park, S. & Russo, M. 1996. When competition eclipses cooperation: an event history analysis of joint venture failure. Management Science, 42 (6): 875-890.

Park, S., & Ungson, G. 2001. Interfirm rivalry and managerial complexity: A conceptual framework of alliance failure. Organization Science, 12 (1): 37-53.

Rodríguez-Ruiz, O., & Fernández-Menéndez, J. 2009. Intellectual capital revisited. A citation analysis of ten years of research in the area (1997-2007). Management Research : The Journal of the Iberoamerican Academy of Management, 7 (3): 203-219.

Roldán, J. 2010. Heineken-Cervecería Cuahtémoc. Escape elegante o alianza estratégica. CNN Expansión. http://bl o gs.cnnexpansion.com/nuevos-paradigmas/2010/01/14/heinekencerveceria-cuauhtemoc-escape-elegante-o-alianza-estrategica/. 14 de enero.

Schreiner, M., Kale, P., & Corsten, D. 2009. What is really an alliance management capability and how does it impact alliance outcomes and success? Strategic Management Journal, 30 (13): 1395-1419.

Song, M., Calantone, R., & Di-Benedetto, A. 2002. Competitive forces and strategic choice decisions: An experimental investigation in the United States and Japan. Strategic Management Journal, 23 (10): 969-978.

Sussan, F. 2012. Consumer interaction as intellectual capital. Journal of Intellectual Capital, 13 (1): 81-105.

Teece, D., Rumenlt, R., Dosi, G., & Winter, S. 1994. Understanding corporate coherence. Theory and evidence. Journal of Economic Behavior and Organization, 23: 1-30.

Vroom, V. 1966. Organizational choice: A study of pre- and post-decision processes. Organizational Behavior and Human Performance, 1: 212-226.

Wooldridge, J. 2010. Econometric Analysis of Cross Section and Panel Data. Cambridge, MASS: The MIT Press.

Descargas

Publicado

2016-06-20

Cómo citar

Cernas Ortiz, D. A., & Mercado Salgado, P. (2016). El efecto curvilíneo del capital relacional en el desempeño financiero de la empresa: evidencia de México. Revista Internacional De Economía Y Gestión De Las Organizaciones, 1(2). https://doi.org/10.37467/revgestion.v1i2.1248

Número

Sección

Artículos