THE MARKET- AND STAGE-BOUND FIRM-SPECIFIC ADVANTAGES IN DIVERSIFICATION OF DEVELOPING COUNTRY MNCS.

Abstract

Academy of Management Annual Meeting Proceedings includes abstracts of all papers and symposia presented at the annual conference, plus 6-page abridged versions of the “Best Papers” accepted for inclusion in the program (approximately 10%). Papers published in the Proceedings are abridged because presenting papers at their full length could preclude subsequent journal publication. Please contact the author(s) directly for the full papers. ArticlesTHE MARKET- AND STAGE-BOUND FIRM-SPECIFIC ADVANTAGES IN DIVERSIFICATION OF DEVELOPING COUNTRY MNCS.Published Online:30 Nov 2017https://doi.org/10.5465/ambpp.2008.33716864AboutSectionsPDF/EPUB ToolsDownload CitationsAdd to favoritesTrack Citations ShareShare onFacebookTwitterLinkedInRedditEmail AbstractIn this paper, I theoretically identified two kinds of firm-specific advantages: the market-bound firm-specific advantages and stage-bound firm-specific advantages. Based on an analysis of 154 listed firms over the time period 1996 to 2002, I examined the simultaneous impact of product and geographic diversification on the performance. I found that diversification have different impact on performance between firms in high-technology industries and in low-technology industries. It is fruitful for high technology firms to undertake product diversification but low technology firms are better off diversifying geographically.FiguresReferencesRelatedDetails Vol. 2008, No. 1 Permissions Metrics in the past 12 months History Published online 30 November 2017 Published in print 1 August 2008 InformationCopyright of Academy of Management Journal is the property of Academy of Management and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder’s express written permission. However, users may print, download, or email articles for individual use.KeywordsINTERNATIONAL business enterprisesDIVERSIFICATION in industryECONOMIC developmentHIGH technologyBUSINESS planningDEVELOPING countriesDownload PDF