The performance implications of intra- and inter-regional geographic diversification
The performance implications of intra- and inter-regional geographic diversification
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DOI：
10.1002/smj.855
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发表时间：
2010-09
影响因子：
1.1
通讯作者：
Gongming Qian;Theodore A. Khoury;Mike W. Peng;Zhengming Qian
中科院分区：
文献类型：
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作者：
Gongming Qian;Theodore A. Khoury;Mike W. Peng;Zhengming Qian
围绕跨国企业 (MNE) 适当的地域多元化水平展开争论，我们研究了一个关键但尚未解决的问题：跨国企业的区域内和区域间多元化水平与地域多元化总体水平相比，对绩效有何影响？利用 123 家美国跨国公司七年期间的数据，并利用基于销售和子公司的多元化衡量标准，我们发现，随着企业更加专注于区域内多元化，业绩增长速度越来越快。关于区域间多元化和总体地域多元化，我们发现企业绩效和地域多元化水平之间存在倒U型关系。与最近对跨国性的研究不同，我们的稳健性检查表明没有证据表明区域多元化程度与绩效之间存在 Sigmoid 关系。版权所有 © 2010 约翰威利父子有限公司
Engaging the debate regarding the appropriate level of geographic diversification for multinational enterprises (MNEs), we examine a critical, yet unresolved, question: How is performance impacted by the MNE's level of intra‐ and inter‐regional diversification versus the total level of geographic diversification? Using data from 123 U.S.‐based MNEs over a seven‐year period and leveraging both sales‐based and subsidiary‐based measures for diversification, we find that performance increases at an increasingly higher rate as firms concentrate more heavily on intra‐regional diversification. Regarding inter‐regional diversification and total geographic diversification, we find inverted‐U relationships to exist between firm performance and the level of geographic diversification. Different from recent research on multinationality, our robustness checks indicate no evidence of a sigmoidal relationship between the degree of regional diversification and performance. Copyright © 2010 John Wiley & Sons, Ltd.