The purpose of this study is to investigate the relationship between technological capabilities and firm performance. We divide technological capabilities into two types--refinement capability, which involves the improvement of the existing asset portfolio, and reconfiguration capability, which...

Why do the distributions of firm performance differ across countries and periods of time? Using publicly available data on listed companies from more than 60 countries between 2000 and 2015, we present a framework to demonstrate how inequality in firm performance distributions (firm inequality)...

This study examined several hypotheses regarding the location choice of foreign direct investment from newly industrialized economies (NIEs). Using a sample of 328 Taiwanese firms in the analysis, this study found that the firms' motivations had a significant impact on the choice of their...

This paper extends Chang's (1995) sequential investment theory to include multinational corporations (MNCs) in service industries, given this sector's large and growing impact on the global economy. To facilitate an examination of service MNC internationalization patterns, we develop a new...

The international joint venture (JV) literature has focused on two parent JVs formed between one foreign and one local firm. Yet, other types of JVs exist. This paper identifies four distinct forms of JVs based on the JV partners′ nationality and equity affiliation. These are: (i) JVs that are...

This paper examines the interdependent foreign market entry decisions of multinational corporations (MNCs). Based on the argument that legitimacy and competition are two important forces in foreign market entry decisions, we hypothesize that an MNC's market entry decisions are influenced by its...

Our study investigates the effect of Japanese keiretsu group membership on firm risk and return. Like prior studies, our results show that keiretsu membership has a negative effect on firm profitability. In contrast to prior studies, however, we find that most of our risk measures are positively...

Time compression diseconomies (TCD) in resource development impact the durability of competitive advantage according to the resource-based view. The Uppsala Model emphasizes experiential learning, which is subject to TCD. TCD joins the two perspectives and can help explain the foreign expansion...

Recent research suggests that the distance between countries in terms of culture, institutions, geographic proximity, and economic development matters in the foreign direct investment (FDI) decisions made by firms. This study focuses on the historical ties between countries as an additional...