Does the regional nature of multinationals affect the multinationality and performance relationship?

The traditional independent variable in the multinationality and performance literature is the ratio of foreign ( F) to total ( T) sales, ( F/ T). This can now be supplemented by a new regional variable, the ratio of regional ( R) to total ( T) sales, i.e. ( R/ T). Data are presented on both ( F/ T)...

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Bibliographic Details
Published in:International business review 2010-10, Vol.19 (5), p.479-488
Main Authors: Rugman, Alan M., Oh, Chang Hoon
Format: Article
Language:English
Subjects:
Compustat
Compustat Internationalization Internalization Multinationality and performance Regional multinationals Regional sales Regional assets S-curve Tobin's Q
Correlation
Data analysis
Financial performance
Internalization
Internationalization
Multinational enterprises
Multinationality and performance
Regional analysis
Regional assets
Regional multinationals
Regional sales
S-curve
Sales
Tobin's Q
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Summary:The traditional independent variable in the multinationality and performance literature is the ratio of foreign ( F) to total ( T) sales, ( F/ T). This can now be supplemented by a new regional variable, the ratio of regional ( R) to total ( T) sales, i.e. ( R/ T). Data are presented on both ( F/ T) and ( R/ T) for both sales and assets for a 5-year period, 2001–2005. New tests are reported on ( R/ T) as it affects a financial measure of performance, the Tobin's Q. Implications are drawn for future research on the S-curve relationship between multinationality and performance in the light of this regional phenomenon.
ISSN:0969-5931
1873-6149
DOI:10.1016/j.ibusrev.2009.02.012