This paper examines how financial analysts’ earnings per share forecasts are affected by strategic patterns that multinational firms have used to expand abroad. Prior empirical studies have examined a firm's internationalization level as a one-dimensional construct involving increased task...

This paper examines how the performance variability of an MNC is affected by the strategic patterns it has used to expand abroad. The paper uses data from the Bureau of Economic Analysis annual surveys of U.S. companies with affiliates abroad to empirically support the hypotheses that: (a)...