International diversification and the market value of new product introduction

Wang, Chi Feng; Chen, Li Yu; Chang, Shao Chi

doi:10.1016/j.intman.2011.03.002

Cited by 26 publications

(20 citation statements)

References 88 publications

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“…The organizational learning literature suggests that firms can learn from their customers (De Loecker, 2011;Lederman, 2010;Liu et al, 2009;Salomon, 2006;Salomon and Jin, 2008;Salomon and Shaver, 2005) and that knowledge acquired from diverse geographic locations can be a richer resource for generating novel knowledge combinations and can lead to more innovation (Hitt et al, 1997;Lahiri, 2010;Penner-Hahn and Shaver, 2005;Singh, 2008;Wang et al, 2011;Wilson and Doz, 2011). This is consistent with the demand-side perspective, which suggests that, "Strategies based on consumer heterogeneity can result in competitive advantage even if the firm holds only obsolete or mundane resources.…”

Section: Introductionmentioning

confidence: 78%

“…That helps such firms build a diverse knowledge base, though difficulties in knowledge integration may impede their taking advantage of it. So whether or not international diversification leads to greater innovativeness remains inconclusive (Duysters and Lokshin, 2011;Srivastava and Gnyawali, 2011;Wang et al, 2011). Drawing on the organizational learning literature and taking a demand-side perspective, these results suggest that variety and separation influence learning effectiveness in opposite directions.…”

Section: Discussionmentioning

confidence: 94%

“…Innovation scholars suggest that innovation often arises from novel combinations of existing knowledge (Cohen and Malerba, 2001;Fleming et al, 2007;Hargadon and Sutton, 1997;Schumpeter, 1934). Firms with access to a diverse set of knowledge sources tend to have more opportunities for innovation involving combining and recombining their knowledge, and tend to generate higher quality and more valuable innovations (Bonner and Walker, 2004;Faems et al, 2010;Frenz and Ietoo-Gillies, 2009;Wang et al, 2011). But exploiting diverse knowledge sources effectively requires explicit cognitive investment from management to avoid inappropriate generalization.…”

Section: Organizational Learning Diversity and Demand-side Knowledgementioning

confidence: 99%

“…Bonner and Walker, 2004;Faems et al, 2010;Frenz and Ietoo-Gillies, 2009;Singh, 2008;Wang et al, 2011). Unfortunately, prior research has focused on the geographic dispersion of foreign direct investment rather than on diversity in the customer groups involved (Hitt et al, 1997;Lahiri, 2010;Wang et al, 2011). Research from the demand-side perspective shows the importance of customer knowledge in cultivating a firm's competitive advantages (Priem et al, 2013).…”

Section: Organizational Learning Diversity and Demand-side Knowledgementioning

confidence: 99%

“…Delios and Beamish, 1999;Wan and Hoskisson, 2003). A few studies have examined the relationship between international diversification and innovation (Hitt et al, 1997;Wang et al, 2011), but they focused on the geographic dispersion of foreign direct investment, not on geographic diversification of customers through exporting. This study has shown the value of knowledge held by both domestic and overseas customers, and the results may help to disentangle the mixed findings about the relationship between exporting and innovation.…”

Section: Introductionmentioning

confidence: 99%

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Demand Heterogeneity, Learning Diversity and Innovation in an Emerging Economy

Xie

2015

Journal of International Management

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Section: Introductionmentioning

confidence: 78%

Section: Discussionmentioning

confidence: 94%

Section: Organizational Learning Diversity and Demand-side Knowledgementioning

confidence: 99%

Section: Organizational Learning Diversity and Demand-side Knowledgementioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Demand Heterogeneity, Learning Diversity and Innovation in an Emerging Economy

Xie

2015

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A multi‐stage ‘infection’ model of stock investors' reaction to new product announcement signal

Hao

Wang

2016

Math Methods in App Sciences

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Drawing on viral dynamics theory, this paper presents a differential equations model with time delay to investigate the stock investor behavior driven by new product announcement (NPA) signal. Visually, we look upon investors in stock market as cells in vivo and the NPA signals as free virus. The potential investors will be ‘infected’ by the dissociative NPA signal and then make investment decisions. In order to better understand the ‘infection’ process, we extract and establish a multi‐stage process during which NPA signal is delivered and ‘infects’ the potential investors. A time‐delay effect is employed to reflect the evaluation stage at which potential investors comprehensively evaluate and decide whether to invest or not. In addition, we introduce a set of external and internal factors into the model, including information sensitivity and investor sentiment, and so on, which are pivotal for examining investor behavior. Equilibrium analysis and numerical simulations are employed to check out the properties of the model and highlight the practical application values of the model. Copyright © 2016 John Wiley & Sons, Ltd.

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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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International diversification and the market value of new product introduction

Cited by 26 publications

References 88 publications

Demand Heterogeneity, Learning Diversity and Innovation in an Emerging Economy

Demand Heterogeneity, Learning Diversity and Innovation in an Emerging Economy

A multi‐stage ‘infection’ model of stock investors' reaction to new product announcement signal

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

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