An empirical analysis and extension of internalization theory in emerging markets: The role of firm-specific assets and asset dispersion in the multinationality-performance relationship

被引：48

作者：

Kirca, Ahmet H. ^{[1
]}

Fernandez, Whitney Dougla ^{[2
]}

Kundu, Sumit K. ^{[3
]}

机构：

[1] Michigan State Univ, Eli Broad Grad Sch Management, 632 Bogue St, E Lansing, MI 48824 USA

[2] San Diego State Univ, Coll Business Adm, Dept Management, 5500 Campanile Dr, San Diego, CA 92182 USA

[3] Florida Int Univ, Coll Business Adm, Dept Management & Int Business, James K Batten Eminent Scholar Chair Int Business, 11200 SW 8th St,Mango 448, Miami, FL 33199 USA

来源：

JOURNAL OF WORLD BUSINESS | 2016年 / 51卷 / 04期

关键词：

Multinationality; Internalization theory; Financial performance; MNCs from emerging markets; GENERALIZED ESTIMATING EQUATIONS; LONGITUDINAL DATA-ANALYSIS; ENTRY-MODE CHOICE; INTERNATIONAL DIVERSIFICATION; CORPORATE DIVERSIFICATION; ENTERPRISE PERFORMANCE; SERVICE MULTINATIONALS; EVOLUTIONARY-THEORY; GEOGRAPHIC SCOPE; BUSINESS GROUPS;

D O I：

10.1016/j.jwb.2016.03.003

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study examines the relationship between firm multinationality and financial performance with a focus on firm-specific assets and dispersion of these assets for MNCs from emerging markets. Drawing upon internalization theory, the authors reveal that while the financial performance of manufacturing MNCs depends on technological assets, service MNCs are more dependent on marketing assets to succeed in international markets. Study findings further emphasize the critical role of the industry context in emerging markets as the authors demonstrate that international asset dispersion weakens the effects of internationalization on financial performance more for MNCs in manufacturing industries than for MNCs in services. (C) 2016 Elsevier Inc. All rights reserved.

引用

页码：628 / 640

页数：13