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Management International Review
Erschienen in: Management International Review 6/2008

01.12.2008 | Research Article

Market Size, Legal Institutions, and International Diversification Strategies: Implications for the Performance of Multinational Firms

verfasst von: Jiatao Li, Deborah R. Yue

Erschienen in: Management International Review | Ausgabe 6/2008

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Abstract and Key Results

  • Recognizing that country-specific resources are generally difficult to imitate or diffuse across national boundaries, we propose that home country conditions are key determinants of firms’ strategic choices. By embracing insights from both institutional economics and resource-based view, we identify two country-level environmental constituents – domestic market size and legal institutions – to examine how these resources influence multinational firms’ international diversification strategies. We further propose that home country legal institutions moderate the link between geographic diversification and firm performance.
  • These hypotheses are tested with historical data on 435 multinational firms based in 13 developed economies. Results suggest that a multinational firm’s degree of international diversification has a U-shaped relationship with the size of the firm’s domestic market; firms from civil law countries are more likely to pursue international diversification than their counterparts from common law countries; and the effect of international diversification on firm performance was more pronounced among MNCs from civil law countries.
Vorheriger Artikel Knee Deep in the Big Muddy: The Survival of Emerging Market Firms in Developed Markets
Nächster Artikel Enhancing the Trustworthiness of Qualitative Research in International Business

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Metadaten
Titel
Market Size, Legal Institutions, and International Diversification Strategies: Implications for the Performance of Multinational Firms
verfasst von
Jiatao Li
Deborah R. Yue
Publikationsdatum
01.12.2008
Verlag
SP Gabler Verlag
Erschienen in
Management International Review / Ausgabe 6/2008
Print ISSN: 0938-8249
Elektronische ISSN: 1861-8901
DOI
https://doi.org/10.1007/s11575-008-0102-0

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