Influence of Corporate Education on Firms’ Performance
Luiz Paulo Fávero *
School of Economics, Business and Accounting, University of São Paulo, Brazil
*Author to whom correspondence should be addressed.
Abstract
Mechanisms that influence organizational performance of firms, like investments in corporate education, still are not deeply studied when industries and countries are considered in the analysis. The main objective of this paper is study the influence of corporate education on performance of firms from different countries and over time, through a repeated measure multilevel modeling. Using a sample of 242 companies from 9 countries over 8 years (2007-2014), totaling 1,257 observations, it is verified that investments in corporate education are representative to differentiate companies’ mean performance and growth rates in recent years.
Keywords: Corporate education, investment, firm’s performance, repeated measure, multilevel modeling