Internationalization, diversification strategy and ownership structure: Implications for French MNE performance

International Business Review

Volumn 5, Issue 4, 1996, Pages 367-376

  Riahi Belkaoui, Ahmed ^a  

^a UNIVERSITY OF ILLINOIS AT CHICAGO   (United States)

Author keywords

Corporate performance; Diversification strategy; Internationalization; Ownership structure

Indexed keywords

EID: 0030213464     PISSN: 09695931     EISSN: None     Source Type: Journal    
DOI: 10.1016/0969-5931(96)00018-2     Document Type: Article

References (38)

1. Amit, R. and Livnat, J. (1989) Diversification and the Risk-Return Tradeoff. Academy of Management Journal, Vol. 3, pp. 154-155.
2. Belkaoui, A. R. (1991) Diversification Strategy and Economic Performance of French Firms. Advances in International Accounting, Vol. 5, pp. 163-171.
3. Belkaoui, A. R. and Pavlik, E. (1991) The effects of Ownership Structure and Diversification Strategy on Performance. Managerial and Decision Economics, Vol. 13, pp. 343-352.
4. Bergsten, C. F., Horst, T. and Moran, T. H. (1978) American Multinationals and American Interests. Brookings Institution, Washington, DC.
5. Berle, A. A. and Means, G. C. (1932) The Modern Corporation. Macmillan, New York.
6. Bettis, R. A. (1981) Performance Differences in Related and Unrelated Diversified Firms. Strategic Management Journal, Vol. 2, pp. 379-393.
7. Bettis, R. A. and Mahajan, V. (1985) Risk/Return Performance of Diversified Firms. Strategic Management Journal, Vol. 2, pp. 379-393.
8. Buhner, R. (1987) Assessing International Diversification of West German Corporations. Strategic Management Journal, Vol. 8, pp. 25-37.
9. Christensen, H. K. and Montgomery, C. A. (1981) Corporate Economic Performance: Diversification Strategy versus Market Structure. Strategic Management Journal, Vol. 2, pp. 327-343.
10. Dubin, M. (1980) Foreign Acquisitions and the Spread of the Multinational Firm. Arno Press, New York.
11. Fama, E. F. (1980) Agency Problems and the Theory of the Firm. Journal of Political Economy, Vol. 88, pp. 288-307.
12. Fisher, N. and Hall, J. R. (1969) Risk and Corporate Rate of Return. Quarterly Journal of Economics, Vol. 83, pp. 79-92.
13. Galbraith, J. K. (1967) The New Industrial State. New American Library, New York.
14. Geringer, J. M., Beamish, P. W. and daCosta, R. C. (1989) Diversification Strategy and Internationalization: Implications for MNE Performance. Strategic Management Journal, Vol. 10, pp. 109-119.
15. Gordon, R. A. (1940) Ownership and Concentration as Incentive to Corporate Executives. Quarterly Journal of Economics, Vol. 54.
16. Hall, M. and Weiss, L. (1967) Firm Size and Profitability. Review of Economics and Statistics, Vol. 49, pp. 319-331.
17. Hart, O. D. (1983) The Market Mechanism as an Incentive Scheme. Bell Journal of Economics, Vol. 14, pp. 366-382.
18. Hill, C. W. and Snell, S. A. (1989) Effects of Ownership Structure and Control on Corporate Productivity. Academy of Management Journal, Vol. 32, pp. 25-46.
19. Hoskisson, R. E. (1987) Multidivisional Structure and Performance: The Contingency of Diversification Strategy. Academy of Management Journal, Vol. 30, pp. 625-644.
20. International Business Development (1990) French Company Handbook 1990. International Business Development, Paris, France.
21. Jacquemin, A. P. and Berry, C. H. (1979) Entropy Measure of Diversification and Corporate Growth. The Journal of Industrial Economics, June, pp. 359-369.
22. Jensen, M. and Ruback, N. (1983) The Market for Corporate Control: The Scientific Evidence. Journal of Financial Economics, Vol. 11, pp. 5-50.
23. Kim, W. C., Hwang, P. and Burgers, W. P. (1989) Global Diversification Strategy and Corporate Profit Performance. Strategic Management Journal, Vol. 10, pp. 45-57.
24. Kimberly, J. R. (1976) Organization Size and the Structuralist Perspective: A Review. Administrative Science Quarterly, Vol. 21, pp. 571-957.
25. Marris, R. (1964) The Economic Theory of Managerial Capitalism. Macmillan, London.
26. Mason, E. S. (1958) The Apologetics of Managerialism. Journal of Business, Vol. 31.
27. Monsen, R. J. and Downs, A. (1965) A Theory of Large Managerial Firms. Journal of Political Economy, Vol. 73.
28. Montgomery, C. (1982) The Measurement of Firm Diversification: Some New Empirical Evidence. Academy of Management Journal, Vol. 25, pp. 299-307.
29. Palepu, K. (1985) Diversification Strategy, Profit Performance and the Entropy Measure. Strategic Management Journal, Vol. 6, pp. 239-255.
30. Pfeffer, J. and Salancik, G. R. (1978) The External Control of Organizations: A Resource Dependence Perspective. Harper and Row, New York.
31. Porter, M. (1988) Competitive Advantage: Creating and Sustaining Superior Performance. Free Press, New York.
32. Rumelt, R. P. (1982) Diversification Strategy and Profitability. Strategic Management Journal, Vol. 3, pp. 359-365.
33. Rumelt, R. P. (1974) Strategy, Structure and Economic Performance. Harvard University Press, Cambridge, MA.
34. Rugman, A. M. (1979) International Diversification and the Multinational Enterprise. Lexington Books, Lexington, MA.
35. Rugman, A. M. (1986) European Multinationals: An International Comparison, in Klaus, M. and Stachle, W. H. (Eds), European Approaches to International Management, pp. 16-22. Walter de Gruyter, New York.
36. Stopford, J. M. (1985) The World Directory of Multinational Enterprises, 1982-1983. Free Press, New York.
37. Vachani, S. (1991) Distinguishing between Related and Unrelated Geographic Diversification: A Comprehensive Measure of Global Diversification. Journal of International Business Studies, Vol. 22, No. 2, pp. 307-322.
38. Williamson, O. E. (1964) The Economics of Discretionary Behavior: Managerial Objectives in a Theory of the Firm. Prentice Hall, Englewood Cliffs, NJ.