The trade-off between open vs. closed network formation strategies: Evidence from Peruvian microenterprises

dc.contributorBird, Matthew
dc.contributorEslava Mejía, Marcela
dc.contributorPaffhausen, Anna Luisa
dc.creatorLuna Román, Edicson Estefanno
dc.date.accessioned2023-01-16T16:18:33Z
dc.date.accessioned2023-09-07T01:31:37Z
dc.date.available2023-01-16T16:18:33Z
dc.date.available2023-09-07T01:31:37Z
dc.date.created2023-01-16T16:18:33Z
dc.date.issued2022-12-09
dc.identifierhttp://hdl.handle.net/1992/63842
dc.identifierinstname:Universidad de los Andes
dc.identifierreponame:Repositorio Institucional Séneca
dc.identifierrepourl:https://repositorio.uniandes.edu.co/
dc.identifier.urihttps://repositorioslatinoamericanos.uchile.cl/handle/2250/8728433
dc.description.abstractNetworks provide entrepreneurs with inputs to take market opportunities, as well as information and punishment channels to enforce contracts. Since these functions may conflict, the trade-off between them is critical for micro-, small- and medium-sized enterprises (MSMEs) in developing countries with weak institutions. This study analyzes a Peruvian textile cluster using data from 2013. Using Latent Class Analysis (LCA), I identified four network formation strategies based on their degree of openness and closure. In line with the literature, closed network strategies were related to higher levels of trust, and vertical integration. On the other hand, more open strategies had higher levels of sales, digitalization, outsourcing, and financing activities. Finally, an analysis of survival was done. I found a higher probability of survival for firms in the middle (i.e., partially extended and partially restricted networks), suggesting the importance of balancing the benefits of network openness with that of network closure.
dc.description.abstractLas redes proporcionan a los empresarios insumos para aprovechar el mercado, así como información que favorece el cumplimiento de contratos. Estas funciones pueden entrar en conflicto, y balancear el trade-off entre ellas es crítico para las MIPYMES en países en desarrollo con instituciones débiles. Este estudio analiza un clúster textil peruano utilizando datos de 2013. Via Latent Class Analysis (LCA), se identificaron cuatro distintas estrategias de formación de redes en función de su grado de apertura y cierre. En línea con la literatura, las estrategias de redes cerradas se relacionaron con mayores niveles de confianza e integración vertical. Por otro lado, las estrategias más abiertas presentaban mejores indicadores en temas de mercado. Por último, encontré una mayor probabilidad de supervivencia en las empresas situadas en el medio de apertura (es decir, en las redes parcialmente extendidas y parcialmente restringidas), reafirmando la importancia del trade-off previamente mencionado.
dc.languageeng
dc.publisherUniversidad de los Andes
dc.publisherMaestría en Economía
dc.publisherFacultad de Economía
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dc.rightshttps://repositorio.uniandes.edu.co/static/pdf/aceptacion_uso_es.pdf
dc.rightsinfo:eu-repo/semantics/openAccess
dc.rightshttp://purl.org/coar/access_right/c_abf2
dc.titleThe trade-off between open vs. closed network formation strategies: Evidence from Peruvian microenterprises
dc.typeTrabajo de grado - Maestría


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