Industry life cycle, geographic diversification and performance of international new ventures

IF 2.2 4区管理学 Q3 BUSINESS

Multinational Business Review Pub Date : 2021-08-09 DOI:10.1108/mbr-04-2020-0080

N. Pangarkar, Lin Yuan

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引用次数: 2

Abstract

Purpose The purpose of this paper is to examine how geographic diversification affects the performance of international new ventures. Design/methodology/approach This study develops hypotheses about the individual and joint effects of geographic diversification and industry life cycle on the performance of international new ventures. This paper also introduces industry technology characteristics as a contingent factor for the above relationships and tests the hypotheses on a large panel data set. Findings Based on the analyses of the strategies and performance of 699 listed Chinese international new ventures between 1991 and 2014, this study finds that the impact of geographic diversification on performance is contingent on the stage of the industry life cycle and that the moderating effect differs across high-technology and low-technology industries. The results suggest that it is fruitful for international new ventures in high-technology industries to undertake geographic diversification in earlier stages of the industry life cycle, but international new ventures in low-technology industries are better off undertaking geographic diversification during the later stages of the industry life cycle. Originality/value The study contributes to the literature on international entrepreneurship by identifying the industry life cycle conditions under which the learning advantages of international new ventures are effective and facilitate the achievement of better performance. This paper also shows that industry technology type matters for geographic diversification strategies of international new ventures.

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行业生命周期，地域多元化和国际新企业的表现

目的本文的目的是考察地域多元化对国际新企业绩效的影响。设计/方法论/方法本研究提出了关于地理多样化和行业生命周期对国际新企业绩效的个体和联合影响的假设。本文还引入了行业技术特征作为上述关系的一个偶然因素，并在一个大面板数据集上检验了这些假设。研究结果基于对1991年至2014年间699家中国上市国际新企业的战略和业绩的分析，发现地域多元化对业绩的影响取决于行业生命周期的阶段，而高科技和低技术行业的调节作用不同。研究结果表明，高技术产业的国际新企业在产业生命周期的早期阶段进行地域多元化是富有成效的，但低技术产业的跨国新企业在行业生命周期的后期阶段进行地域多样化更好。原创性/价值该研究通过确定行业生命周期条件，为国际创业文献做出了贡献，在这些条件下，国际新企业的学习优势是有效的，并有助于实现更好的绩效。本文还表明，产业技术类型对国际新企业的地域多元化战略具有重要影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Multinational Business Review BUSINESS-

CiteScore

5.40

自引率

14.80%

发文量

期刊介绍： Multinational Business Review publishes high quality and innovative peer-review research on the strategy, organization and performance of multinational enterprise (MNE), international business history, geography of international business, and the impact of international business on economic growth and development. The journal encourages papers that are cross-disciplinary in nature, and that address new and important issues in international business. Multinational Business Review also promotes research on under-represented regions such as Africa, Central and Eastern Europe, Latin America, and South East Asia and their MNEs, as well as under-studied topics such as the role of trade, investment and other public policies. Specific topics of interest include innovation and entrepreneurship in an international context; corporate governance and ownership; social, environmental and political risk; the role of multilateral institutions; and the nature of emerging market multinationals. The title seeks strong conceptual studies, contributing to the advancement of theories and frameworks, and sound empirical work, whether qualitative or quantitative, suggesting managerial, economic or government policy recommendations. The journal encourages replication studies that contribute to our understanding of the reliability and validity of current knowledge. Finally, Multinational Business Review welcomes proposals for perspectives pieces that offer critical and challenging viewpoints; surveys of the literature particularly those that use new and innovative bibliometric methods; and special issues on topics of relevance to Multinational Business Review.