Sociedade Brasileira de Estudos e Empresas Transnacionais e da Globalização Econômica (SOBEET), a Brazilian think tank dedicated to research into the internationalization of the Brazilian economy; Valor Econômico, Brazil’s premier business newspaper; and the Vale Columbia Center on Sustainable International Investment, a joint undertaking of the Columbia Law School and The Earth Institute at Columbia University in New York, are releasing the results of a survey of outward investors from Brazil today.
The survey, conducted in 2009, covers the period 2006-2008. It focussed on companies that a) had their head office in Brazil, b) exercised management control over at least one foreign affiliate in another country, and c) held outward foreign direct investment (OFDI) stock of at least USD 10 million. The purpose of the survey was to broaden our understanding of the internationalization of Brazilian companies, and to trace the evolution of this process over the last few years. This report thus includes a ranking of Brazilian multinationals based on their internationalization index, as well as one based on their foreign assets.
The internationalization index represents the arithmetical average of three ratios: foreign to total assets, foreign to total sales, and foreign to total employees. Note that foreign sales in this report do not include exports. Questionnaires were sent to nearly 200 Brazilian multinationals.
The final ranking presented here includes 57 companies. Apart from the information needed to calculate the internationalization index, qualitative information regarding the motivations and characteristics of, and barriers to, the internationalization process of Brazilian companies was also sought, as was information about the OFDI intentions of the companies.