Effects of international diversity and product diversity on the performance of multinational firms

Academy of Management Journal

Volumn 39, Issue 1, 1996, Pages 179-196

  Tallman, Stephen ^a   Li, Jiatao ^b,c  

^a UNIVERSITY OF UTAH   (United States)

^b MCKINSEY AND COMPANY   (United States)

^c UNIVERSITY OF HAWAII   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 85013049269     PISSN: 00014273     EISSN: None     Source Type: Journal    
DOI: 10.2307/256635     Document Type: Article

References (43)

1. Barney, J. B. 1991. Firm resources and sustained competitive advantage. Journal of Management, 17: 99-120.
2. Bartlett, C. A., & Ghoshal, S. 1989. Managing across borders: The transnational solution. Boston: Harvard Business School Press.
3. Berry, C. H. 1975. Corporate growth and diversification. Princeton, NJ: Princeton University Press.
4. Buckley, P. J. 1988. The limits of explanation: Testing the internalization theory of the multinational enterprise. Journal of International Business Studies, 19: 181-194.
5. Chandler, A. D. 1962. Strategy and structure. Cambridge, MA: MIT Press.
6. Christensen, H. K., & Montgomery, C. A. 1981. Corporate economic performance: Diversification strategy versus market structure. Strategic Management Journal, 2: 327-343.
7. Chi, T. 1994. Trading in strategic resources: Necessary conditions, transaction cost problems, and choice of exchange structure. Strategic Management Journal, 15: 271-290.
8. Conner, K. R. 1991. A historical comparison of resource-based theory and five schools of thought within industrial organization economics: Do we have a new theory of the firm? Journal of Management, 17: 121-154.
9. Cosset, J. C, & Nguyen, T. H. 1991. The measurement of the degree of foreign involvement. CIBER working paper series, D-91-01, University of South Carolina, Columbia.
10. Datta, D. K., Rajagopalan, N., & Rasheed, A. M. A. 1991. Diversification and performance: Critical review and future directions. Journal of Management Studies, 28: 529-558.
11. Dunning, J. H. 1988. The eclectic paradigm of international production: A restatement and some possible extensions. Journal of International Business Studies, 19: 1-32.
12. Dunning, J. H. 1993. The globalization of business. London: Routledge.
13. Fladmoe-Lindquist, K., & Tallman, S. 1994. Resource-based strategy and competitive advantage among multinationals. In P. Shrivastava, A. Huff, & J. Dutton (Eds.), Advances in strategic management, Vol. 10A: 45-72. Greenwich, CT: JAI Press.
14. Franko, L. G. 1989. Unrelated product diversification and global corporate performance. In A. R. Negandhi & A. Savara (Eds.), International strategic management: 221-241. Lexington, MA: Lexington Books.
15. Geringer, J. M., and Beamish., P. W., & da Costa, R. C. 1989. Diversification strategy and internationalization: Implications for MNE performance. Strategic Management Journal, 10: 109-119.
16. Grant, R. M. 1987. Multinationality and performance among British manufacturing companies. Journal of Internationa] Business Studies, 18: 79-89.
17. Grant, R. M., and Jammine., A. P., & Thomas, H. 1988. Diversity, diversification, and profitability among British manufacturing companies, 1972-84. Academy of Management Journal, 31: 771-801.
18. Hoskisson, R. E., and Hitt., M. A., Johnson, R. A., & Moesel, D. D. 1993. Construct validity of an objective (entropy) categorical measure of diversification strategy. Strategic Management Journal, 14: 215-235.
19. Johanson, J. K., & Vahlne, J. E. 1977. The internationalization process of the firm: A model of knowledge development and increasing foreign market commitments. Journal of International Business Studies, 8: 23-32.
20. Jones, G. R., & Hill, C. W. L. 1988. Transaction cost analysis of strategy-structure choice. Strategic Management Journal, 9: 159-172.
21. Kim, W. C, Hwang, P., & Burgers, W. P. 1989. Global diversification strategy and corporate profit performance. Strategic Management Journal, 10: 45-57.
22. Kim, W. C, Hwang, P., & Burgers, W. P. 1993. Multinationals' diversification and the risk-return trade-off. Strategic Management Journal, 14: 275-286.
23. Kogut, B. 1985. Designing global strategies: Profiting from operation flexibility. Sloan Management Review, 27(1): 27-38.
24. Levitt, T. 1983. The globalization of markets. Harvard Business Review, 61(3): 92-102.
25. Lubatkin, M 1987. Merger strategies and stockholder value. Strategic Management Journal, 8: 39-53.
26. Lubatkin, M., & Chatterjee, S. 1994. Extending modern portfolio theory into the domain of corporate diversification: Does it apply? Academy of Management Journal, 37: 109-136.
27. Michel, A., & Shaked, I. 1984. Does business diversification affect performance? Financial Management, 13(4): 18-25.
28. Michel, A., & Shaked, I. 1986. Multinational corporations vs. domestic corporations: Financial performance and characteristics. Journal of International Business Studies, 16: 89-106.
29. Palepu, K. 1985. Diversification strategy, profit performance and the entropy measure. Strategic Management Journal, 6: 239-255.
30. Peteraf, M. 1993. The cornerstones of competitive advantage: A resource-based view. Strategic Management Journal, 14: 179-191.
31. Porter, M. E. 1986. Competition in global industries: A conceptual framework. In M. E. Porter (Ed.), Competition in global industries: 15-60. Boston: Harvard Business School Press.
32. Prahalad, C. K., & Hamel, G. 1990. The core competence of the corporation. Harvard Business Review, 68(3): 79-91.
33. Ramaswamy, R. 1993. Multinationality and performance: An empirical examination of the moderating effect of configuration. Academy of Management Best Papers Proceedings: 142-146.
34. Robins, J. A., & Wiersema, M. F. 1995. A resource-based approach to the multibusiness firm: Empirical analysis of portfolio interrelationships and corporate financial performance. Strategic Management Journal, 16: 277-300.
35. Rumelt, R. P. 1974. Strategy, structure and economic performance. Boston: Harvard University Press.
36. Rumelt, R. P. 1991. How much does industry matter? Strategic Management Journal, 12: 167-186.
37. Shaked, I. 1986. Are multinational corporations safer? Journal of International Business Studies, 17: 63-82.
38. Schmalensee, T. 1985. Do markets differ much? American Economic Review, 75: 341-351.
39. Siddharthan, N. S., & Lall, S. 1982. Recent growth of the largest U.S. multinationals. Oxford Bulletin of Economics and Statistics, 44: 1-13.
40. Stafford, D. C, & Purkis, R. H. A. 1989. Directory of multinationals. London: Macmillan.
41. Teece, D. J., Pisano, G., & Shuen, A. 1990. Firm capabilities, resources, and the concept of strategy: Four paradigms of strategic management. CCC working paper 90-8, University of California, Berkeley.
42. Vachani, S. 1991. Distinguishing between related and unrelated international geographic diversification. Journal of International Business Studies, 22: 307-322.
43. Williamson, O. E. 1985. The economic institutions of capitalism. New York: Free Press.