Are the World's Largest Firms Regional or Global?

Berrill, Jenny

doi:10.1002/tie.21679

Cited by 17 publications

(29 citation statements)

References 47 publications

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“…A firm is categorised as Host‐Region if it has more than 50% of its sales in another region of the Triad from its home region and a Global firm has sales of 20% or more in each Triad region but less than 50% in any one region. We separate wholly Domestic firms from Home Region firms, incorporating Osegowitsch and Sammartino's () and Berrill's () criticisms of the original methodology. We thus classify the firms in our dataset as Domestic, Home Region, Host‐Region, Bi‐Regional and Global.…”

Section: Methodsmentioning

confidence: 99%

The importance of firm level multinationality in the country versus industry debate

Mullen

Berrill

2017

Int. J Fin Econ

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We conduct the most comprehensive empirical analysis that exists to date of the effect multinationality has on the explanatory power of country and industry factors in international diversification. We investigate the impact the size, scope, and location of a company's international sales has on country versus industry factors, analysing 1,Spain, the UK, and the US over the 15-year period, 1998-2012. We find that the magnitude of the country factor is greater than the magnitude of the industry factor for the period as a whole but that a company's level of international sales has a greater impact on the magnitude of its industry factor than the magnitude of its country factor.Counter-intuitively, we find stocks with lower sales exposure to their country of origin have a higher country factor, and we show the existence of both a strong local and international industry factor. Our results suggest countryof-origin diversification may no longer be sufficient to exploit country-specific risk and the country factor has become a "country classification" factor.

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Section: Methodsmentioning

confidence: 99%

The importance of firm level multinationality in the country versus industry debate

Mullen

Berrill

2017

Int. J Fin Econ

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“…Within MNC‐related growth issues, diversification, and expansion strategies (Belderbos, Tong, & Wu, ; Berrill, ; Chandwani, Agrawal, & Kedia, ; Chao, Kim, Zhao, & Hsu, ), Maersk clearly has the learning curve, industry knowledge, and corporate infrastructure to deal with diverse shipping routes, global networks, and competition. The industry continues to restructure by seeking strategic alliances and cooperative agreements (Hirata, ; Milne, , ; Moss, ).…”

Section: Future Developments and Growth Prospectsmentioning

confidence: 99%

Global strategy gone astray: Maersk's big box boats and the world shipping industry

Anwar

2019

Thunderbird Intl Bus Rev

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A.P. Moller-Maersk Group (A.P. Moller-Maersk AS in Danish), commonly known as Maersk, is the world's largest global shipping conglomerate from Denmark and carries a rich history and corporate heritage in the industry. The company operates large container ships which are mostly known as "big box boats" in the industry. By using interdisciplinary literature and the shipping industry's operational routes and corporate developments, this case-based research analyzes and discusses Maersk's internationalization and its global strategies. Although Maersk aggressively sought internationalization and company-specific expansion, its global strategy and international expansion areas have encountered problems because of the slowdown of the global economy, de-globalization, and the U.S.-China trade tussle. The case-based research analyzes and discusses these issues within the areas of international business and the company's global strategies and industry-specific competition. Analystsand industry observers believe that Maersk will continue to be a major shipping and logistics firm and will thrive in global markets. At the same time, the company will be impacted by the changing competition, regulatory forces, and new technologies in logistics and global shipping. This case study also provides future developments and growth prospects of Maersk and the shipping industry. K E Y W O R D Scontainerization, containers, global strategy, Maersk, shipping industry

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“…Due to the heterogeneity of the home country context, we focus on China for the rest of the paper. The Chinese foreign direct investment has grown considerably over the last couple of decades (Berrill, 2015). Previous studies have looked at the underlying reasons for rapid internationalization by the Chinese firms (Child & Rodrigues, 2005).…”

Section: Chinese Business Contextmentioning

confidence: 99%

The effects of ownership identity on corporate diversification strategy of Chinese companies in foreign markets

Rao‐Nicholson

Cai

2018

Asia Pac J Manag

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In this paper, we examine the impact of acquirer's ownership identity on corporate diversification decisions of Chinese companies in their cross-border acquisitions. Few studies to date have looked at the effect of ownership on corporate decisions to diversify abroad, particularly in the emerging market context. We find that certain characteristics of acquirer's ownership identity such as the government ownership, business group membership and being publicly traded will be negatively linked with industry diversification in international markets. Also, the effects of ownership identities are contingent upon the host country selection, and acquisitions into developed host countries are likely to be in unrelated industries. We observe that Chinese companies that buy in developed markets engage in global consolidation. These results support our arguments on domestic market protection strategies adopted by the Chinese companies for mitigating competition from their developed market rivals.

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Are the World's Largest Firms Regional or Global?

Cited by 17 publications

References 47 publications

The importance of firm level multinationality in the country versus industry debate

The importance of firm level multinationality in the country versus industry debate

Global strategy gone astray: Maersk's big box boats and the world shipping industry

The effects of ownership identity on corporate diversification strategy of Chinese companies in foreign markets

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