The effects of international diversification on the link between product diversification and performance in a boom and bust cycle: Evidence from Spanish firms (1994–2014)

Zúñiga‐Vicente, José Ángel; Benito‐Osorio, Diana; Guerras‐Martín, Luis Ángel; Colino, Alberto

doi:10.1016/j.intman.2019.100687

Cited by 25 publications

(20 citation statements)

References 90 publications

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“…Although we dynamically examine the relationships proposed, our empirical study does not cater either for possible shifts or changes in relationships across time. In this sense, for example, there are some studies suggesting that the relationship between PD strategies may be time or economic cycle-dependent (e.g., Benito-Osorio et al, 2012; Zúñiga-Vicente et al, 2019). Future studies are also encouraged to address this critical issue in the specification of empirical models.…”

Section: Discussionmentioning

confidence: 99%

The combined effects of product and geographical diversification on performance: Evidence in manufacturing SMEs

Benito‐Osorio

Colino

Guerras‐Martín

et al. 2020

BRQ Business Research Quarterly

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This study explores both the individual impact of geographical diversification and its effect combined with product diversification on small and medium-sized enterprises’ (SMEs) performance. Unlike most prior studies, this study distinguishes between related and unrelated product diversification. The research setting is a sample of manufacturing SMEs (1994–2014). By using dynamic panel data models, the results provide statistical support for the existence of a horizontal S-shaped relationship between geographical diversification and performance. The findings also indicate that while related product diversification positively enhances the performance of those SMEs engaged in geographical diversification (albeit not indefinitely), unrelated product diversification may significantly impair it, especially for SMEs opting for low and high levels of international diversification. Our study reveals that product and international diversification strategies in the case of SMEs are complementary or substitutive strategies depending on the specific type of product diversification strategy and the level of geographical diversification adopted. JEL CLASSIFICATION: F23; L25; M16

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Section: Discussionmentioning

confidence: 99%

The combined effects of product and geographical diversification on performance: Evidence in manufacturing SMEs

Benito‐Osorio

Colino

Guerras‐Martín

et al. 2020

BRQ Business Research Quarterly

Self Cite

View full text Add to dashboard Cite

show abstract

“…This might lead to complimentary or contradictory findings using the same theoretical underpinnings. Similarly, there could be difference in the outcome-based related or unrelated international diversification of the firms (Verbeke and Brugman, 2009) or the economic cycle of the firms (Zúñiga-Vicente et al , 2019). To illustrate, the RBV may argue that the superior outcome from international expansion is possible only if it is related to the core competence of the organization (Prahalad and Hamel, 1990).…”

Section: Discussionmentioning

confidence: 99%

Theoretical foundations of antecedents of internationalization and moderators in multinationality–performance relationship

Purkayastha

Sharma

Karna

2020

CCSM

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PurposeIn this paper, the authors undertake a systematic analysis of multinationality–performance (M-P) literature published in the last decade, when antecedents for internationalization and moderators of the M-P relationship had attained a center stage in international business and international management research. Though M-P relationship is one of the most widely studied topics within international business literature, so far synthesis of the entire theoretical landscape is missing in extant literature.Design/methodology/approachThrough keywords search process, the authors found 111 studies in management literature that look at internationalization, its antecedents, performance of internationalized firms, and moderators of the M-P relationship. The focus of this study is to identify theoretical foundations used to explain the antecedents and moderators in M-P relationship, in order to suggest the future research direction for the field. The authors classify the antecedents and moderators based on their theoretical underpinnings not only to identify commonly used theoretical foundations in the last 10 years of international strategy research but also to highlight potential areas for future research.FindingsThe authors’ analysis indicates that research on international strategy in the last decade was dominated by theory testing in the context of developed economies. The authors’ review suggests that majority of the antecedents and moderators in the M-P relationship are anchored within institutional theory, organizational structure, resource-based view, social capital, and upper echelon theory.Originality/valueThe authors’ findings are indicative of a rich research potential of M-P relationship in the contextual research setting of emerging markets while leveraging more diversified theoretical bases and multiple levels of research design.

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“…Internationalisation also provides the means to nurture R&D and innovation. International diversification is expected to provide firms with potential for achieving greater returns on innovation and, hence, lowers the risk of investment in technology (Hitt, Hoskisson and Ireland, 1994;Wu, Chen, and Jiao, 2016;Zúñiga-Vicente et al, 2019). Kotabe (1990) argues that firms operating in a single country may find it difficult to invest heavily in R&D as it may take longer to recoup this investment.…”

Section: Internationalisation and Km Strategiesmentioning

confidence: 99%

Micro-foundational dimensions of firm internationalisation as determinants of knowledge management strategy: A case for global strategic partnerships

Demirbağ

Apaydin

Sahadev

2021

Technological Forecasting and Social Change

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The effects of international diversification on the link between product diversification and performance in a boom and bust cycle: Evidence from Spanish firms (1994–2014)

Cited by 25 publications

References 90 publications

The combined effects of product and geographical diversification on performance: Evidence in manufacturing SMEs

The combined effects of product and geographical diversification on performance: Evidence in manufacturing SMEs

Theoretical foundations of antecedents of internationalization and moderators in multinationality–performance relationship

Micro-foundational dimensions of firm internationalisation as determinants of knowledge management strategy: A case for global strategic partnerships

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