International expansion through start-up or acquisition: A learning perspective

• 成果类型: Review
• 署名作者: Barkema, HG; Vermeulen, F
• 署名单位: Tilburg University
• 刊物名称: ACADEMY OF MANAGEMENT JOURNAL
• ISSN/ISSBN: 0001-4273
• DOI: 10.5465/256894
• 发表日期: 1998
• 页码: 7-26
• 关键词: r-and-d; LARGE MULTIPRODUCT FIRMS; resource-based view; DIVERSIFICATION STRATEGY; UNITED-STATES; corporate diversification; EVOLUTIONARY PERSPECTIVE; Competitive advantage; economic-performance; construct-validity

摘要

This study brings a fresh approach-a learning perspective-to the literature examining whether firms expand internationally through start-ups or acquisitions. Hypotheses concern how this strategic choice is influenced by a firm's multinational diversity and product diversity. The results show that multinational diversity leads to foreign start-ups rather than acquisitions. Produce diversity has a curvilinear effect on the tendency to use start-ups. The curvilinear effect becomes weaker at higher levels of multinational diversity.