Contextual Moderating Effects and the Relationship of Firm-Specific Resources, Strategy, Structure and Performance among Japanese Multinational Enterprises

Tallman, Stephen; Geringer, J. Michael; Olsen, David M.

doi:10.1007/978-3-322-90999-2_6

Cited by 11 publications

(17 citation statements)

References 32 publications

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“…Although exporting could be a stepping stone for firms to expand internationally, it might also compete with a strategy to establish international subsidiaries (Geringer et al 2000, Tallman et al 2004. For firms that started entering host countries through their own subsidiaries, extant exporting activities might constrain further internationalization (Lu/Beamish 2001).…”

Section: Discussionmentioning

confidence: 99%

How Firm Performance Affects Internationalization

Jung

Bansal

2009

Manag Int Rev

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0Only a few studies have investigated whether a firm's performance has an effect on its internationalization. These studies, focusing on actual firm performance, have suggested a resource-based argument and generally found non-significant results. 0In this paper, we argue that relative firm performance is critical in determining a firm's internationalization because it influences a firm's attitude toward risk-taking. We apply prospect theory to predict this relationship. 0Using time-series, cross-sectional analysis of 701 Japanese firms from 1993 to 1998, we uncovered an inverted-U shaped relationship between a firm's relative performance and its degree of internationalization using its historical performance target. As compared to the industry target, relative performance showed a positive impact on a firm's internationalization.

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Section: Discussionmentioning

confidence: 99%

How Firm Performance Affects Internationalization

Jung

Bansal

2009

Manag Int Rev

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“…effects of asset valuations resulting from new investment and depreciation. This measure has often been employed in previous diversification studies (Geringer et al, 2000;Tallman & Li, 1996;Tallman et al, 2004).…”

Section: Variablesmentioning

confidence: 98%

“…Main banks should also contribute to operating companies through various services related to international market transactions like the letter of credits and foreign exchange. Therefore, operating companies with long-term ties to main banks should enjoy higher profitability in direct investments (Tallman et al, 2004). Either for product diversification or international diversification, the moderating effect of keiretsu financing should function positively especially in the environment of macroeconomic scarcity.…”

Section: Keiretsu Financing and The Effectiveness Of Diversificationmentioning

confidence: 99%

“…Except for a few studies (e.g., Delios & Beamish, 1999;Geringer et al, 2000;Lu & Beamish, 2004;Tallman, Geringer, & Olsen, 2004), previous works on the diversification strategy and corporate performance nexus of contemporary Japanese enterprises have been surprisingly inadequate overall, especially those employing systematic quantitative approaches. The outcomes of all of those studies remain mixed and inconsistent, in any case.…”

mentioning

confidence: 98%

“…Only Geringer et al (2000) and Colpan and Hikino (2005) hypothesized for the changing effects of strategic factors with time, while none formulated for the explicit directions of expected outcomes. Tallman et al (2004) called that future research shall include exogenous macroeconomic context in particular to pin point the dynamic relationships between corporate strategy and financial outcomes.…”

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confidence: 99%

See 2 more Smart Citations

Are strategy-performance relationships contingent on macroeconomic environments? Evidence from Japan’s textile industry

Colpan

2007

Asia Pac J Manage

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Multinationality and Performance Literature: A Critical Review and Future Research Agenda

Nguyen

2016

Manag Int Rev

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The literature on the relationship between the degree of multinationality (M) and performance (P) in the context of multinational enterprises (MNEs) has attracted a large volume of scholarly research in the past 50 years. Yet, the conclusions concerning the nature of M-P relationship and the theoretical foundations vary greatly, thus call for a critical review and assessment.  We adopt an original inter-disciplinary approach by integrating international business, finance, and accounting perspectives to provide a comprehensive and critical review of the literature. We examine 135 articles in 39 leading scholarly journals and classic books published during the period 1960-2015. We use an inductive approach and a qualitative content analysis methodology for our review.  Our analysis shows that the literature has been built upon a wide variety of theoretical perspectives. The majority of previous studies predominantly examine the relationship between M and P. Thus, we review the theoretical conceptualization and measurement of M, P, the findings on M-P relationships, methodologies, and geographic focus. We identify six key inconsistencies in the existing research, which cause ambiguity in the relevant findings. We make eight recommendations for future research directions to address these inconsistencies. Thus, our analysis contributes to the central debate in this research field.

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Contextual Moderating Effects and the Relationship of Firm-Specific Resources, Strategy, Structure and Performance among Japanese Multinational Enterprises

Cited by 11 publications

References 32 publications

How Firm Performance Affects Internationalization

How Firm Performance Affects Internationalization

Are strategy-performance relationships contingent on macroeconomic environments? Evidence from Japan’s textile industry

Multinationality and Performance Literature: A Critical Review and Future Research Agenda

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