Global ETD Search

1	Economies of Scale: The Rationale Behind the Multinationality‑Performance Enigma Eckert, Stefan, Koppe, Max, Burkatzki, Eckhard, Eichentopf, Simon, Scharf, Constantin 20 March 2024 (has links) In a widely acclaimed contribution to Management International Review, Hennart (2007) challenged one of the mainstream theories of International Business, the S-curve relationship between multinationality and performance, by arguing that there is no positive impact on performance aside from the scale enhancing effect resulting from increasing multinationality. We examine his arguments by analyzing 3876 firms from Canada, Germany, Japan, the UK and the US over the period from 2002 to 2016. We find that the empirical evidence for a direct positive impact of multinationality on performance is not convincing. However, increasing multinationality leads to a significantly higher firm performance via the economies of scalechannel. Multinationality seems to be more important as a means to increase scale for firms from small home markets compared to firms from large domestic markets. Intangible assets appear to amplify the impact of scale on performance much more than the impact of multinationality on performance. In the end, it’s size that matters. info:eu-repo/classification/ddc/330 ddc:330
2	Performance Effects of Multinationality Ral-Trebacz, Arkadiusz 20 February 2017 (has links) (PDF) The performance effects of multinationality have been subject to extensive study over the last four decades. To date, the findings of empirical studies have not been able to demonstrate a consistent picture as far as the relationship between multinationality (M) and performance (P) is concerned; nor have they established a general link. This dissertation suggests that the M-P relation might be contingent upon certain contextual considerations. In particular, this doctoral thesis examines the performance effects of multinationality depending on a) scope of international expansion (regional vs. global); b) the role of firm-specific assets (FSAs) and c) home region effects. Multinationalität Internationalität Unternehmenserfolg Heimatregion immaterielle Vermögensgegenstände firmenspezifische Vorteile europäische Unternehmen Regionalisierung Strategie internationale Unternehmen multinationality performance multinational companies firm-specific assets regionalization strategy european firms home region intangible assets ddc:330 rvk:QP 305
3	Performance Effects of Multinationality: The Role of Firm-specific Advantages, Intra- and Inter-regional Expansion, and Home-region Effects Ral-Trebacz, Arkadiusz 06 February 2017 (has links) The performance effects of multinationality have been subject to extensive study over the last four decades. To date, the findings of empirical studies have not been able to demonstrate a consistent picture as far as the relationship between multinationality (M) and performance (P) is concerned; nor have they established a general link. This dissertation suggests that the M-P relation might be contingent upon certain contextual considerations. In particular, this doctoral thesis examines the performance effects of multinationality depending on a) scope of international expansion (regional vs. global); b) the role of firm-specific assets (FSAs) and c) home region effects. info:eu-repo/classification/ddc/330 ddc:330
4	Multinationality and systematic risk: a literature review and meta‑analysis Höge‑Junge, Christin, Eckert, Stefan 16 May 2024 (has links) In the literature, the impact of multinationality on the valuation of multinational companies is heavily debated. To understand this impact on valuation, we need to clarify whether and how multinationality affects systematic risk. For this purpose, we analyze the state of research concerning the impact of corporate multinationality on systematic risk, conducting a systematic literature review of 35 studies and a univariate meta-analysis based on 20 studies. We test the predictions of the upstream–downstream hypothesis and the increasing capital market integration hypothesis on the basis of a meta-regression analysis of 17 studies. Our results provide no empirical support for the upstream–downstream hypothesis. However, they corroborate the capital market integration hypothesis in a more radical manner than expected: whereas multinationality seemed to have a risk-reducing effect until the beginning of the 1990s, since then its impact appears to have shifted. We find a risk-increasing effect for multinationality from 1990 on. Our results have important implications for academic research and managerial practice. info:eu-repo/classification/ddc/650 ddc:650

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