Silva Ordóñez, Catalina
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Silva Ordóñez, Catalina
Main Affiliation
Ambato
Email
catalinasilva@uti.edu.ec
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Scopus Author ID
57209982693

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Decisive Factors of Business Dynamism in Latin America: An Approach from the New Institutional Economy Perspective

2021 , Morales-Urrutia X. , Salazar Mera, Juan Eduardo , Silva Ordóñez, Catalina

In recent years, the business sector has experienced significant dynamism worldwide, a fact that has sparked interest from different fields: academically, politically and socially, and a series of questions have been raised about the different factors that drive business growth. In this context, the New Institutional Economy has been taken as a reference in order to explain the behavior of this phenomenon based on the analysis of both formal and informal institutions of companies. The objective of this research is to analyze the factors that influence business dynamism. In order to fulfill the objective, the applied methodology was based on the application of statistical techniques of multivariate analysis, specifically, hierarchical cluster analysis. The main results show that the factors affect each of the contexts that are analyzed at different scale. © 2021, The Author(s), under exclusive license to Springer Nature Switzerland AG.

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Business Growth in Ecuador: A Perspective from Penrose’s Theory of Resources and Capabilities

2021 , Morales-Urrutia X. , Salazar Mera, Juan Eduardo , Silva Ordóñez, Catalina

In recent years, the business sector worldwide has experienced significant growth; several elements have contributed to this result, among them, resources and business and managerial capabilities stand out. Likewise, proper combination of productive resources is a precise formula that generates a competitive advantage that, in turn, makes a company unique in relation to the competition. In this context, business growth is directly related to the merger of a series of new resources, accompanied with the appropriate management of human talent. The objective of this research is focused on analysis of the factors that influence Ecuadorian business growth. To fulfill this objective, the methodology was based on the application of the two-stage cluster statistical analysis technique that groups data sets into different groups or combinations. The results suggest that the existence of different internal factors or the combination of these generates business growth. © 2021, The Author(s), under exclusive license to Springer Nature Switzerland AG.

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