Skip to main content
SpringerLink
Log in
Book cover

Internationalization and Firm Performance pp 1–22Cite as

Introduction

  • Chapter

  • 1012 Accesses

The relationship between internationalization activities and firm performance has been the subject of extensive discussion in the strategy and international business literature over the course of the last thirty years. Unfortunately, with close to a hundred studies, little consensus has emerged among researchers as to the nature of the relationship between internationalization and firm performance.

This is a preview of subscription content, log in via an institution.

Chapter
USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   39.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD   54.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Amit, R. and Schoemaker, P.J.H. (1993) ‘Strategic Assets and Organizational Rent’, Strategic Management Journal 14(1): 33–46.

    Article  Google Scholar 

  • Annavarjula, M.G. and Beldona, S. (2000) ‘Multinationality-Performance Relationship: A Review and Reconceptualization’, The International Journal of Organizational Analysis 8(1): 48–67.

    Article  Google Scholar 

  • Barney, J.B. (1991) ‘Firm Resources and Sustained Competitive Advantage’, Journal of Management 17(1): 99–120.

    Article  Google Scholar 

  • Brewer, H.L. (1981) ‘ Investor Benefits from Corporate International Diversification’, Journal of Financial and Quantitative Analysis 16(1): 113–124.

    Article  Google Scholar 

  • Buckley, P.J. (1981) ‘A Critical Review of Theories of the Multinational Enterprise’, Aussenwirtschaft 36(1): 70–87.

    Google Scholar 

  • Buckley, P.J. and Casson, M. (1976) The Future of the Multinational Enterprise, Macmillan: London.

    Google Scholar 

  • Buhner, R. (1987) ‘Assessing International Diversification of West German Corporations’, Strategic Management Journal 8(1): 25–37.

    Article  Google Scholar 

  • Capar, N. and Kotabe, M. (2003) ‘The Relationship between International Diversification and Performance in Service Firms’, Journal of International Business Studies 34(4): 345–355.

    Article  Google Scholar 

  • Caves, R.E. (1971) ‘Industrial Corporations: The Industrial Economics of Foreign Investment’, Economica 38(149): 1–27.

    Article  Google Scholar 

  • Cohen, W.M. and Levinthal, D.A. (1990) ‘Absorptive Capacity: A New Perspective on Learning and Innovation’, Administrative Science Quarterly 35(1): 128–152.

    Article  Google Scholar 

  • Contractor, F.J. (2007) ‘Is International Business Good for Companies? The Evolutionary or Multi- Stage Theory of Internationalization vs. The Transaction Cost Perspective’, Management International Review 47(3): 453–475.

    Article  Google Scholar 

  • Contractor, F.J., Kundu, S.K. and Hsu, C.C. (2003) ‘A Three-Stage Theory of International Expansion: The Link between Multinationality and Performance in the Service Sector’, Journal of International Business Studies 34(1): 5–18.

    Article  Google Scholar 

  • Dalton, D.R., Daily, C.M., Johnson, J.L. and Ellstrand, A.E. (1999) ‘Number of Directors and Financial Performance: A Meta-Analysis’, Academy of Management Journal 42(6): 674–686.

    Article  Google Scholar 

  • Delgado-Gómez, J.M., Ramírez-Alesón, M. and Espitia-Escuer, M.A. (2004) ‘Intangible Resources as a Key Factor in the Internationalisation of Spanish Firms’, Journal of Economic Behavior & Organization 53(4): 477–494.

    Article  Google Scholar 

  • Dierickx, I. and Cool, K. (1989) ‘Asset Stock Accumulation and Sustainability of Competitive Advantage’, Management Science 35(12): 1504–1511.

    Article  Google Scholar 

  • Doukas, J.A. and Lang, L.H.P. (2003) ‘Foreign Direct Investment, Diversification and Firm Performance’, Journal of International Business Studies 34(2): 153–172.

    Article  Google Scholar 

  • Dunning, J.H. (1974) The Distinctive Nature of the Multinational Enterprise. In: Dunning, J. H., editor, Economic Analysis and the Multinational Enterprise, George Allen & Unwin: London, 13–30.

    Google Scholar 

  • Dunning, J.H. (1980) ‘Toward an Eclectic Theory of International Production: Some Empirical Tests’, Journal of International Business Studies 11: 9–31.

    Article  Google Scholar 

  • Fatemi, A.M. (1984) ‘Shareholder Benefits from Corporate International Diversification’, Journal of Finance 39(5): 1325–1344.

    Article  Google Scholar 

  • Geringer, J.M., Tallman, S. and Olsen, D.M. (2000) ‘Product and International Diversification among Japanese Multinational Firms’, Strategic Management Journal 21(1): 51–80.

    Article  Google Scholar 

  • Glaum, M. (1996) Internationalisierung und Unternehmenserfolg. Habilitation, University of Giessen, Gabler, Wiesbaden.

    Google Scholar 

  • Glaum, M. and Oesterle, M.J. (2007) ‘40 Years of Research on Internationalization and Firm Performance: More Questions Than Answers?’ Management International Review 47(3): 307–317.

    Article  Google Scholar 

  • Gomes, L. and Ramaswamy, K. (1999) ‘An Empirical Examination of the Form of the Relationship between Multinationality and Performance’, Journal of International Business Studies 30(1): 173–187.

    Article  Google Scholar 

  • Gomez-Mejia, L.R. and Palich, L.E. (1997) ‘Cultural Diversity and the Performance of Multinational Firms’, Journal of International Business Studies 28(2): 309–335.

    Article  Google Scholar 

  • Grant, R.M. (1987) ‘Multinationality and Performance among British Manufacturing Companies’, Journal of International Business Studies 18(3): 79–89.

    Article  Google Scholar 

  • Hahn, D. and Hungenberg, H. (2001) PuK, Wertorientierte Controllingkonzepte: Planung und Kontrolle. Planungs- und Kontrollsysteme. Planungs- und Kontrollrechnung, Gabler, Wiesbaden.

    Google Scholar 

  • Harveston, P.D., Kedia, B.L. and Francis, J.D. (1999) ‘MNE's Dependence on Foreign Operations and Performance: A Study of MNEs from the “Triad” Regions’, International Business Review 8(3): 293–307.

    Article  Google Scholar 

  • Hennart, J.F. (2007) ‘The Theoretical Rationale for a Multinationality-Performance Relationship’, Management International Review 47(3): 423–452.

    Article  Google Scholar 

  • Hitt, M.A., Hoskisson, R.E. and Kim, H. (1997) ‘International Diversification: Effects on Innovation and Firm Performance in Product-Diversified Firms’, Academy of Management Journal 40(4): 767–798.

    Article  Google Scholar 

  • Hodgkinson, G.P., Herriot, P. and Anderson, N. (2001) ‘Realigning the Stakeholders in Management Research: Lessons from Industrial, Work and Organizational Psychology’, British Journal of Management 12(Supplement 1): 41–48.

    Article  Google Scholar 

  • Hsu, C.C. and Boggs, D.J. (2003) ‘Internationalization and Performance: Traditional Measures and their Decomposition’, Multinational Business Review 11(3): 23–49.

    Google Scholar 

  • Hunter, J.E. and Schmidt, F.L. (1990) Methods of Meta-Analysis: Correcting Error and Bias in Research Findings, Sage: Newbury Park, CA.

    Google Scholar 

  • Hymer, S.H. (1976) The International Operations of National Firms: A Study of Foreign Direct Investment, MIT Press: Cambridge, MA.

    Google Scholar 

  • Johanson, J. and Mattson, L.-G. (1988) Internationalisation in Industrial Systems - a Network Approach. In: Hood, N. and Vahlne, J. E., editors, Strategies in Global Competition, Croom Helm: New York, 287–314.

    Google Scholar 

  • Johanson, J. and Vahlne, J.E. (1977) ‘The Internationalization Process of the Firm - a Model of Knowledge Development and Increasing Foreign Market Commitments’, Journal of International Business Studies 8(1): 23–32.

    Article  Google Scholar 

  • Kaufmann, L. and Schneider, Y. (2004) ‘Intangibles: A Synthesis of Current Research’, Journal of Intellectual Capital 5(3): 366–388.

    Article  Google Scholar 

  • Kumar, M.S. (1984) ‘Comparative Analysis of UK Domestic and International Firms’, Journal of Economic Studies 11(3): 26–42.

    Article  Google Scholar 

  • Lev, B. (2001) Intangibles: Management, Measurement, and Reporting, Brookings Institution Press: Washington, DC.

    Google Scholar 

  • Lilienthal, D. (1975) The Multinational Corporation. In: Anshen, M. and Bach, G. L., editors, Management and Corporations 1985. A Symposium Held on the Occasion of the 10th Anniversary of the Graduate School of Industrial Administration, Carnegie Institute of Technology: Westport, 119–158.

    Google Scholar 

  • Lu, J.W. and Beamish, P.W. (2001) ‘The Internationalization and Performance of SMEs’, Strategic Management Journal 22(6/7): 565–586.

    Article  Google Scholar 

  • Lu, J.W. and Beamish, P.W. (2004) ‘International Diversification and Firm Performance: The S-Curve Hypothesis’, Academy of Management Journal 47(4): 598–609.

    Google Scholar 

  • McDougall, P.P. and Oviatt, B.M. (1996) ‘New Venture Internationalization, Strategic Change, and Performance: A Follow-up Study’, Journal of Business Venturing 11(1): 23–40.

    Article  Google Scholar 

  • Mishra, C.S. and Gobeli, D.H. (1998) ‘Managerial Incentives, Internalization, and Market Valuation of Multinational Firms’, Journal of International Business Studies 29(3): 583–597.

    Article  Google Scholar 

  • Morck, R. and Yeung, B. (1991) ‘Why Investors Value Multinationality’, Journal of Business 64(2): 165–187.

    Article  Google Scholar 

  • Peng, M. (2001) ‘The Resource-Based View and International Business’, Journal of Management 27(6): 803–829.

    Article  Google Scholar 

  • Peteraf, M.A. (1993) ‘The Cornerstones of Competitive Advantage: A Resource-Based View’, Strategic Management Journal 14: 179–191.

    Article  Google Scholar 

  • Pettigrew, A. (1997) The Double Hurdles for Management Research. In: Clarke, T., editor, Advancement in Organizational Behaviour: Essays in Honour of Derek S. Pugh, Darthmouth: London, 277–296.

    Google Scholar 

  • Qian, G. (2002) ‘Multinationality, Product Diversification, and Profitability of Emerging US Smalland Medium-Sized Enterprises’, Journal of Business Venturing 17(6): 611–633.

    Article  Google Scholar 

  • Ramaswamy, K. (1992) ‘Multinationality and Performance: A Synthesis and Redirection’, Advances in International Comparative Management 7: 241–267.

    Google Scholar 

  • Rousseau, D.M. (2007) ‘Educating Managers from an Evidence-Based Perspective’, Academy of Management Learning & Education 6(1): 84–101.

    Google Scholar 

  • Rugman, A.M., Lecraw, D.J. and Booth, L.D. (1985) International Business, McGraw Hill: New York.

    Google Scholar 

  • Rugman, A.M. and Verbeke, A. (2004) ‘A Perspective on Regional and Global Strategies of Multinational Enterprises’, Journal of International Business Studies 35(1): 3–18.

    Article  Google Scholar 

  • Ruigrok, W., Amann, W. and Wagner, H. (2007) ‘The Internationalization-Performance Relationship at Swiss Firms: A Test of the S-Shape and Extreme Degrees of Internationalization’, Management International Review 47(3): 349–368.

    Article  Google Scholar 

  • Ruigrok, W. and Wagner, H. (2003) ‘Internationalization and Performance: An Organizational Learning Perspective’, Management International Review 43(1): 63–83.

    Google Scholar 

  • Ruigrok, W. and Wagner, H. (2004) ‘Internationalization and Firm Performance: Meta-analytic Review and Future Research Directions’, Working Paper, University of St. Gallen.

    Google Scholar 

  • Sapienza, H.J., Autio, E. and Zahra, S. (2003) ‘Effects of Internationalization on Young Firms’ Prospects for Survival and Growth', Academy of Management Proceedings: G1–7.

    Google Scholar 

  • Sullivan, D. (1994) ‘Measuring the Degree of Internationalization of a Firm’, Journal of International Business Studies 25(2): 325–342.

    Article  Google Scholar 

  • Sullivan, P.H. (2000) Value-Driven Intellectual Capital – How to Convert Corporate Assets into Market Value, John-Wiley & Sons Inc.: New York, NY.

    Google Scholar 

  • Tallman, S. and Li, J. (1996) ‘Effects of International Diversity and Product Diversity on the Performance of Multinational Firms’, Academy of Management Journal 39(1): 179–196.

    Article  Google Scholar 

  • Vermeulen, F. and Barkema, H. (2002) ‘Pace, Rhythm, and Scope: Process Dependence in Building a Profitable Multinational Corporation’, Strategic Management Journal 23(7): 637–653.

    Article  Google Scholar 

  • Vernon, R. (1971) Sovereignty at Bay: The Multinational Spread of U.S. Enterprises, Basic Books: New York.

    Google Scholar 

  • Wagner, H. (2004) ‘Internationalization Speed and Cost Efficiency: Evidence from Germany’, International Business Review 13(4): 447–463.

    Article  Google Scholar 

  • Wan, W.P. and Hoskisson, R.E. (2003) ‘Home Country Environments, Corporate Diversification Strategies, and Firm Performance’, Academy of Management Journal 46(1): 27–45.

    Article  Google Scholar 

  • Wernerfelt, B. (1984) ‘A Resource-Based View of the Firm’, Strategic Management Journal 5(2): 171–180.

    Article  Google Scholar 

Download references

Authors
  1. Mario Krist
    View author publications

    You can also search for this author in PubMed Google Scholar

Rights and permissions

Reprints and permissions

Copyright information

© 2009 Gabler | GWV Fachverlage GmbH, Wiesbaden

About this chapter

Cite this chapter

Krist, M. (2009). Introduction. In: Internationalization and Firm Performance. Gabler. https://doi.org/10.1007/978-3-8349-9498-1_1

Download citation

Publish with us

Policies and ethics

Search

Navigation