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Determinants of Internationalization as Levers for Sustainability: A Study of the Portuguese Pharmaceutical Sector
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Advisor(s)
Abstract(s)
The pharmaceutical industry is facing the pressure of a global economy, loss of value in
local markets and the highly intense innovation that characterizes this sector. This has a heavy
impact, particularly in smaller economies. With this investigation, we intend to identify the
determinants of internationalization as levers for sustainability in the pharmaceutical export sector
of a small economy. Data was collected from a sample representing 63% of the total universe,
Portuguese pharmaceutical organizations with exporting activity. A contextualization of the sector
and a bibliographic review were previously carried out, which laid the groundwork for the
empirical framework. This study revealed a deeply internationalized sector conditioned by a few
shortcomings, namely a certain lack of sustainable competitive advantages, relatively low
investment in research and development (R&D), insufficient innovation in internationalization
strategies as well as scarce institutional support. Our findings may help pave the way for a more
complete understanding of the dynamics of internationalization in highly competitive sectors.
Description
Keywords
pharmaceutical industry internationalization determinants internationalization strategy levers for sustainability