国际联盟和子公司组合的相互作用:对企业创新和财务绩效的影响

IF 8.9 1区管理学 Q1 BUSINESS

Journal of World Business Pub Date : 2023-09-21 DOI:10.1016/j.jwb.2023.101500

Mariia Koval , Viacheslav Iurkov , Gabriel R.G. Benito

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引用次数: 0

摘要

拥有国际多元化的联盟投资组合的好处是众所周知的。然而，这些挑战仍然被忽视，尤其是遏制企业在此类联盟之外的国际扩张的潜力。在全球互联互通文献的基础上，我们研究了企业通过其外国子公司的国际足迹如何受到其国际联盟地理分布的影响。利用美国高科技企业样本数据，我们发现这种关系遵循U型模式，取决于联盟投资组合的地理距离和企业的国际化吸收能力。偏离最佳国际足迹会降低企业的创新和财务绩效。

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The interplay of international alliance and subsidiary portfolios: Implications for firms’ innovation and financial performance

The benefits of having an internationally diverse alliance portfolio are well known. However, the challenges remain overlooked, especially the potential to curb firms’ international expansion beyond such alliances. Building on global connectivity literature, we study how firms’ international footprint through their foreign subsidiaries is affected by the geographical spread of their international alliances. Using data on a sample of U.S. high-tech firms, we find that this relationship follows a U-shaped pattern and is contingent on alliance portfolio geographic distance and firms’ absorptive capacity for internationalization. Deviations from the optimal international footprint lower firms’ innovation and financial performance.

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来源期刊

Journal of World Business BUSINESS-

CiteScore

16.50

自引率

11.20%

发文量

期刊介绍： The Journal of World Business holds a distinguished position as a leading publication within the realm of International Business. Rooted in a legacy dating back to 1965, when it was established as the Columbia Journal of World Business, JWB is committed to disseminating cutting-edge research that reflects significant advancements in the field. The journal actively seeks submissions that propel new theoretical frameworks and innovative perspectives on International Business phenomena. Aligned with its domain statement, submissions are expected to possess a clear multinational, cross-border, or international comparative focus, while remaining pertinent to the study of management and organizations. JWB particularly encourages submissions that challenge established theories or assumptions, presenting pioneering or counterintuitive findings. With an inclusive approach, the journal welcomes contributions from diverse conceptual and theoretical traditions, encompassing allied social sciences and behavioral sciences. Submissions should either develop new theories or rigorously test existing ones, employing a variety of qualitative, quantitative, or other methodological approaches. While JWB primarily caters to scholars and researchers, it values contributions that explore implications for Multinational Enterprises and their management, as well as ramifications for public policy and the broader societal role of business.