Document Type
Article
Publication Date
2-1-2011
Department
Marketing and Fashion Merchandising
Abstract
Through a meta-analysis of 120 independent samples reported in 111 studies, we test the predictions of internalization theory in the context of the multinationality-performance relationship. Findings indicate that multinationality provides an efficient organizational form that enables firms to transfer their firm-specific assets to generate higher returns in international markets. In addition, the results delineate the conditions under which firm-specific assets have the strongest impact on the multinationality-performance relationship. Meta-analytic evidence also suggests that multinationality has intrinsic value above and beyond the intangible assets that firms possess, given analyses controlling for firms' international experience, age, size, and product diversification.
Publication Title
Academy of Management Journal
Volume
54
Issue
1
First Page
47
Last Page
72
Recommended Citation
Kirca, A. H.,
Hult, G. M.,
Roth, K.,
Cavusgill, S.,
Perryy, M. Z.,
Akdeniz, M.,
Deligonul, S. Z.,
Mena, J. A.,
Pollitte, W. A.,
Hoppner, J. J.,
Miller, J. C.,
White, R. C.
(2011). Firm-Specific Assets, Multinationality, and Financial Performance: A Meta-Analytic Review and Theoretical Integration. Academy of Management Journal, 54(1), 47-72.
Available at: https://aquila.usm.edu/fac_pubs/555
Comments
DOI: 10.5465/AMJ.2011.59215090