Title: Business across borders: perceptions of political risk in internationalised Brazilian companies

Authors: Ronaldo De Oliveira Santos Jhunior; Gustavo Abib; Fabricio Stocker

Addresses: School of Economics, Business and Accounting (FEA), University of São Paulo (USP), 908 Prof. Luciano Gualberto, 05508-010, São Paulo, SP, Brazil ' Federal University of Paraná (UFPR), 632Prefeito LothárioMeissner, 80210-170, Curitiba, PR, Brazil ' Getulio Vargas Foundation (FGV-Ebape), 30 Jornalista Orlando Dantas, 22231-010, Rio de Janeiro, RJ, Brazil

Abstract: Brazil is an emerging country in terms of political, economic, and social development. Its companies are usually in a scenario of instability, especially since mid-2010. In this context, the paper provides unpublished evidence on political risk perception in companies of diverse branches. The purpose of this study is to analyse the perception of political risk in business abroad by managers of internationalised Brazilian companies. Qualitative and descriptive research was conducted in a multiple case study through document collection and semi-structured interviews. The internationalisation processes of six small and medium-sized Brazilian companies and their managers' political risk perception were investigated. The findings reveal the political risk factors inherent to different environments for internationalised companies in a context of political and economic uncertainties, namely, the internal environment, the external environment and the environment related to the organisation itself.

Keywords: risk perception; political risk; international business; internationalisation process.

DOI: 10.1504/IJBEM.2022.121875

International Journal of Business and Emerging Markets, 2022 Vol.14 No.2, pp.170 - 188

Received: 20 Apr 2020
Accepted: 14 Feb 2021
Published online: 07 Apr 2022 *

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