nach oben

Management International Review

Erschienen in:

01.02.2010 | Research Article

Corporate Diversification, TMT Experience, and Performance

Evidence from German SMEs

verfasst von: PhD Cand. Deeksha A. Singh, Ass. Prof. Ajai S. Gaur, Dr. Florian P. Schmid

Erschienen in: Management International Review | Ausgabe 1/2010

Einloggen

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config

KI-gestützte Suche

Aus

Abstract

We investigate the effect of product diversity and geographic diversity on the performance of SMEs, using an integration of the upper echelons literature with the product and geographic diversification literature.
We propose an inverted U shaped relationship between product (geographic) diversification (PD/GD) and the performance of SMEs. We also propose that effect of PD and GD is contingent on one another and the TMT experience.
We find that both PD and GD have an inverted U shaped relationship with the SME performance. Further, PD and GD interact positively to enhance each other’s value in affecting firm performance. TMT experience also enhances the value of PD and GD for firm performance.

Vorheriger Artikel Toward a Theory of Regional Organization

Nächster Artikel High Commitment HR Practices and Top Performers

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

über 102.000 Bücher
über 537 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Finance + Banking
Management + Führung
Marketing + Vertrieb
Maschinenbau + Werkstoffe
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Management International Review

MANAGEMENT INTERNATIONAL REVIEW is a double-blind refereed journal that aims at the advancement and dissemination of research in the fields of International Management.

Jetzt informieren

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 340 Zeitschriften

aus folgenden Fachgebieten:

Bauwesen + Immobilien
Business IT + Informatik
Finance + Banking
Management + Führung
Marketing + Vertrieb
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Athanassiou, N. A., & Nigh, D. (1999). The impact of U.S. company internationalization on top management team advice networks: A tacit knowledge perspective. Strategic Management Journal, 20, 83–92.CrossRef

Athanassiou, N. A., & Nigh, D. (2000). Internationalization, tacit knowledge and the top management team of MNCs. Journal of International Business Studies, 31(3), 471–488.CrossRef

Autio, E. (2000). Creative tension: The significance of Ben Oviatt’s and Patricia Mcdougall’s article ‘Toward a Theory of International New Ventures’. Journal of International Business Studies, 36, 9–19.CrossRef

Barney, J. B. (1997). Gaining and Sustaining Competitive Advantage. Reading, MA: Addison-Wesley.

Baltagi, B. (1995). The Econometrics of Panel Data. New York: Wiley.

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

Castanias, R. P., & Helfat, C. E. (2001). The managerial rents model: Theory and empirical analysis. Journal of Management, 27(6), 661–678.CrossRef

Caves, R. E. (1971). Industrial corporations: The industrial economics of foreign investment. Economica, 38, 1–27.CrossRef

Chakrabarti, A., Singh, K., & Mahmood, I. (2007). Diversification and performance: Evidence from East Asian firms. Strategic Management Journal, 28, 101–120.CrossRef

Chi, T. (1994). Trading in strategic resources: Necessary conditions, transaction cost problems, and choice of exchange structure. Strategic Management Journal, 2, 327–343.

Contractor, F. J., Kundu, S. K., & 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), 5–19.CrossRef

Delios, A., & Beamish, P. W. (1999). Geographic scope, product diversification and the corporate performance of Japanese firms. Strategic Management Journal, 20, 711–727.

Datta, D. K., Rajagopalan, N., & Rasheed, A. (1991). Diversification and performance: Critical review and future directions. Journal of Management Studies, 28, 529–558.

Denis, D. J., Denis, D. K., & Yost, K. (2002). Global diversification, industrial diversification, and firm value. Journal of Finance, 57, 1951–1979.CrossRef

Dess, G. D., Gupta, A., Hennart, J., & Hill, C. W. L. (1995). Conducting and integrating strategy research at the international, corporate and business levels: Issues and directions. Journal of Management, 21, 357–393.CrossRef

Dunning, J. H. (1993). Multinational enterprises and the global economy. Reading, MA: Addison- Wesley.

Eriksson, K., Johanson, J., Majkgard, A., & Sharma, D. (1997). Experiential knowledge and cost in the internationalization process. Journal of International Business Studies, 28, 337–360.CrossRef

Finkelstein, S., & Hambrick, D. C. (1996). Strategic leadership: Top executives and their effects on organizations. New York: West Publishing Company.

Gaur, A. S., & Kumar, V. (2008). International diversification, business group affiliation and firm performance: Empirical evidence from India. British Journal of Management, 20, 172–186.CrossRef

Geringer, J. M., Beamish, P. W., & Dacosta, R. C. (1989). Diversification strategy and internationalization: Implications for MNE performance. Strategic Management Journal, 10(2), 109–119.CrossRef

Geringer, J. M., Tallman, S., & Olsen, D. M. (2000). Product and geographic diversification among Japanese multinational firms. Strategic Management Journal, 21, 51–80.CrossRef

Grant, R. M., Jammine, A. P., & Thomas, H. (1988). Diversity, diversification and profitability among British manufacturing companies, 1972–1984. Academy of Management Journal, 31, 771–801.

Gupta, U. (1989, December 5). Talking strategy: Small firms aren’t waiting to grow up to go abroad. Wall Street Journal, Tuesday, Section 2, P. 2, Column 3.

Hambrick, D. C., & Mason, P. A. (1984). Upper echelons: The organization as a reflection of its top managers. Academy of Management Review, 9(2), 193–206.CrossRef

Hsiao, C. (1995). Panel analysis for metric data. In G. Arminger et al. (Eds), Handbook of statistical modeling for social and behavior science. New York, Ny: Plenum Press.

Hitt, M. A., Bierman, L., Uhlenbruck, K., & Shimizu, K. (2006). The importance of resources in the internationalization of professional service firms: The good, the bad, and the ugly. Academy of Management Journal, 49, 1137–1157.

Hitt, M. A., Hoskisson, R. E., & Kim, H. (1997). International diversification: Effects on innovation and firm performance in product diversified firms. Academy of Management Journal, 40(4), 767–798.CrossRef

Jarillo, J. C. (1989). Entrepreneurship and growth: The strategic use of external resources. Journal of Business Venturing, 4(4), 133–147.CrossRef

Johanson, J., & Vahlne, J. E. (1977). The internationalization process of the firm: A model of knowledge development and increasing foreign market commitment. Journal of International Business Studies, 8, 35–40.CrossRef

Jones, G. R., & Hill, C. W. L. (1988). Transaction cost analysis of strategy-structure choice. Strategic Management Journal, 9, 159–172.CrossRef

Khanna, T., & Rivkin, J. W. (2001). Estimating the performance effects of business groups in emerging markets. Strategic Management Journal, 22, 45–74.CrossRef

Kim, W. C., Hwang, P., & Burgers, W. P. (1993). Multinationals’ diversification and the risk-return tradeoff. Strategic Management Journal, 14, 275–286.CrossRef

Kmenta, J. (1986). Elements of econometrics. New York: Macmillan 1986.

Kor, Y. Y. (2003). Experience-based top management competence and sustained growth. Organization Science, 14(6), 707–719.CrossRef

Kotabe, M., Srinivasan, S. S., & Aulakh, P. S. (2002). Multinationality and firm performance: The moderating role of R&D and marketing capabilities. Journal of International Business Studies, 33(1), 79–97.

Lu, J. W. (2002). Intra- and inter-organizational imitative behavior: Institutional influences on Japanese firms’ entry mode choice. Journal of International Business Studies, 33(1), 19–38.CrossRef

Lu, J. W., & Beamish, P. W. (2001). The internationalization and performance of SMEs. Strategic Management Journal, 22, 565–586.CrossRef

Lu, J. W., & Beamish, P. W. (2004). International diversification and firm performance: The S-Curve hypothesis. Academy of Management Journal, 47(4), 598–609.CrossRef

Lubatkin, M., & Chatterjee, S. (1994). Extending modern portfolio theory into the domain of corporate diversification: Does it apply? Academy of Management Journal, 37(1), 109–136.CrossRef

Markides, C. C., & Williamson, P. J. (1996). Corporate diversification and organizational structures: A resource based view. Academy of Management Journal, 39, 340–367.CrossRef

Mayer, M., & Whittington, R. (2003) Diversification in context: A cross-national and cross-temporal extension. Strategic Management Journal, 24, 773–781.CrossRef

Mcdougall, P. P., Shane, S., & Oviatt, B. M. (1994). Explaining the formation of international new ventures: The limits of theories from international business research. Journal of Business Venturing, 9(6), 469–487.CrossRef

Nachum, L. (2004). Geographic and industrial diversification of developing country firms. Journal of Management Studies, 41(2), 273–294.CrossRef

Namiki, N. (1988). Export strategy for small business. Journal of Small Business Management, 26(2), 32–37.

Nayyar, P. (1992) The measurement of corporate diversification strategy: Evidence from large U.S. service firms. Strategic Management Journal, 13(3), 219–235.CrossRef

Oster, S. M. (1999). Modern Competitive Analysis. New York: Oxford University Press.

Oviatt, B., & Mcdougall, P. (1994). Toward a theory of international new ventures. Journal of International Business Studies, 25(1), 45–64.CrossRef

Palich, L. E., Cardinal, L. B., & Miller, C. C. (2000). Curvilinearity in the diversification-performance linkage: An examination of over three decades of research. Strategic Management Journal, 21(2), 155–174.CrossRef

Penrose, E. T. (1959). The theory of the growth of the firm. New York: Wiley.

Qian, G. (1997). Assessing product-market diversification of U.S. firms. Management International Review, 37, 127–149.

Qian, G. (2002). Multinationality, product diversification, and profitability of emerging U.S. small- and medium-sized enterprises. Journal of Business Venturing, 17, 611–633.CrossRef

Reuber, A. R., & Fischer, E. (1997). The influence of the management team’s international experience on the internationalization behaviors of SMEs. Journal of International Business Studies, 28(4), 807–825.CrossRef

Reuber, A. R., & Fischer, E. (2002). Foreign sales and small firm growth: The moderating role of the management team. Entrepreneurship Theory and Practice, 27(1), 29–45.CrossRef

Robinson, R. B., & Pearce, J. A. (1984). Research thrusts in small business strategic planning. Academy of Management Review, 9, 128–137.CrossRef

Rugman, A. M., & Verbeke, A. (2005). Towards a theory of regional multinationals: A transaction cost economics approach. Management International Review, 1, 5–17.

Singh, K., Ang, S. H., & Leong, S. M. (2003) Increasing replication for knowledge accumulation in strategy research. Journal of Management, 29, 533–549.

Tallman., S., & Li, J. T. (1996). Effects of international diversity and product diversity on the performance of multinational firms. Academy of Management Journal, 39, 179–196.CrossRef

Vesper, K. H. (1990). New Venture Strategies, Revised Edition. Englewood Cliffs, NJ: Prentice Hall.

Wiersama, M. F., & Bowen, H. P. (2008). Corporate diversification: The impact of foreign competition, industry globalization, and product diversification. Strategic Management Journal, 29, 115–132.CrossRef

Yu, J., & Cooper, H. A. (1983). Quantitative review of research design effects on response rates to questionnaires. Journal of Marketing Research, 20, 36–44.CrossRef

Zacharakis, A. L. (1997). Foreign markets: A transaction cost perspective. Entrepreneurship Theory & Practice, 21(3), 23–39.

Titel: Corporate Diversification, TMT Experience, and Performance
Evidence from German SMEs
verfasst von: PhD Cand. Deeksha A. Singh
Ass. Prof. Ajai S. Gaur
Dr. Florian P. Schmid
Publikationsdatum: 01.02.2010
Verlag: SP Gabler Verlag
Erschienen in: Management International Review / Ausgabe 1/2010
Print ISSN: 0938-8249
Elektronische ISSN: 1861-8901
DOI: https://doi.org/10.1007/s11575-009-0025-4

Springer Professional

Abstract

Bitte loggen Sie sich ein, um Zugang zu Ihrer Lizenz zu erhalten.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Management International Review

Springer Professional "Wirtschaft"

Weitere Artikel der Ausgabe 1/2010

High Commitment HR Practices and Top Performers

Toward a Theory of Regional Organization

Biblio Service

Editorial

Acknowledgement to Reviewers

Expatriate Adaptation

Premium Partner