The relationship between product and international diversification: The role of experience

• 成果类型: Article
• 署名作者: Mayer, Michael C. J.; Stadler, Christian; Hautz, Julia
• 署名单位: University of Bath; University of Warwick; University of Innsbruck
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.2296
• 发表日期: 2015
• 页码: 1458-1468
• 关键词: PRODUCT DIVERSIFICATION; International diversification; experience; endogenous growth; corporate strategy

摘要

We establish prior diversification experience as a key determinant of the relationship between growth of product and international diversification. Prior diversification experience allows firms to overcome short-run constraints on simultaneous diversification growth imposed by the difficulty to transfer tacit knowledge, ambiguous competencies, and limited absorptive capacity. Studying U.S. and European firms, we find a positive relationship between growth in product and international scope for firms with high and a negative one for those with little prior diversification experience. Further, we find that product diversification experience has greater impact than international diversification experience. Copyright (c) 2014 John Wiley & Sons, Ltd.