A relational view on the performance effects of international diversification strategies

• 成果类型: Article
• 署名作者: Yildiz, H. Emre; Morgulis-Yakushev, Sergey; Holm, Ulf; Eriksson, Mikael
• 署名单位: Malardalen University; Stockholm School of Economics; Uppsala University
• 刊物名称: JOURNAL OF INTERNATIONAL BUSINESS STUDIES
• ISSN/ISSBN: 0047-2506
• DOI: 10.1057/s41267-022-00516-8
• 发表日期: 2023
• 页码: 203-217
• 关键词: INTERLOCKING DIRECTORATES; International diversification; Organizational learning; RESOURCE DEPENDENCE

摘要

International diversification is a fundamental pillar of multinational corporations' (MNCs) growth strategies. Consequently, there is a considerable body of research on the performance implications of MNCs' international diversification strategies. We extend this literature by adopting a relational view where we compare the diversification profiles of firms in an inter-organizational context. We argue that the relative characteristics of firms' and their partners' diversification profiles is an indicator of parties' resource bases and thereby can explain if and when inter-organizational ties yield optimum performance outcomes. We examine these relative characteristics and propose a conceptual refinement by differentiating between the degree and content dimensions of international diversification. Analyzing data from 202 manufacturing firms from the S&P 500 list, we find that firms achieve optimum performance when their partners have moderately higher degrees of international diversification and a moderate overlap of presence in foreign markets.