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Performance Following Changes of International Presence in Domestic and Transition Industries

Author

Listed:
  • Will Mitchell

    (University of Michigan)

  • J Myles Shaver

    (University of Michigan)

  • Bernard Yeung

    (University of Michigan)

Abstract

We examine relationships between firm performance and changes in international presence in five medical sector industries between 1978 and 1989, conditioned on the international status of the industries and the market position of the firms. International expansion was necessary for survival when foreign firms began to enter a domestic market, but only firms with substantial market share and international experiences, gained prior to the industry transition, could expand successfully. Operating only in the home market may permit a firm to survive in a primarily domestic industry, but moderate international expansion often brings current benefits and provides a base for future success should the industry become more global. However, expansion carries the risk of failure: firms that retrench after expanding internationally disappear.© 1993 JIBS. Journal of International Business Studies (1993) 24, 647–669

Suggested Citation

  • Will Mitchell & J Myles Shaver & Bernard Yeung, 1993. "Performance Following Changes of International Presence in Domestic and Transition Industries," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 24(4), pages 647-669, December.
    • Handle: RePEc:pal:jintbs:v:24:y:1993:i:4:p:647-669
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    Cited by:

    1. Luo, Yadong & Tan, J. Justin, 1997. "How much does industry structure impact foreign direct investment in China?," International Business Review, Elsevier, vol. 6(4), pages 337-359, August.
    2. Xavier Castañer & Mehmet Genç, 2004. "Country institutional differences and multinational advantage in banking," Working Papers hal-00591677, HAL.
    3. Stephanie A. Fernhaber & Patricia P. McDougall & Benjamin M. Oviatt, 2007. "Exploring the Role of Industry Structure in New Venture Internationalization," Entrepreneurship Theory and Practice, , vol. 31(4), pages 517-542, July.
    4. Qian, Gongming & Li, Ji, 1998. "Multinationality, global market diversification, and risk performance for the largest U.S. firms," Journal of International Management, Elsevier, vol. 4(2), pages 149-170, October.
    5. Oetzel, Jennifer M. & Banerjee, Sudeshna Ghosh, 2008. "A case of the tortoise versus the hare? Deregulation process, timing, and firm performance in emerging markets," International Business Review, Elsevier, vol. 17(1), pages 54-77, February.
    6. Maldea, Radu-Andrei, 2023. "Winning when Going Global – On the Role of Heritage and Strategic Moves for Internationalization Endeavors of Start-ups," Junior Management Science (JUMS), Junior Management Science e. V., vol. 8(2), pages 532-568.
    7. Chia-Wen Hsu & Homin Chen, 2009. "Foreign Direct Investment and Capability Development," Management International Review, Springer, vol. 49(5), pages 585-605, October.
    8. Riahi-Belkaoui, Ahmed, 1998. "The effects of the degree of internationalization on firm performance," International Business Review, Elsevier, vol. 7(3), pages 315-321, June.
    9. Pragya Bhawsar & Utpal Chattopadhyay, 2015. "Competitiveness: Review, Reflections and Directions," Global Business Review, International Management Institute, vol. 16(4), pages 665-679, August.
    10. McDougall, Patricia Phillips & Oviatt, Benjamin M., 1996. "New venture internationalization, strategic change, and performance: A follow-up study," Journal of Business Venturing, Elsevier, vol. 11(1), pages 23-40, January.
    11. Shilpi Tyagi & D. K. Nauriyal & Rachita Gulati, 2018. "Firm level R&D intensity: evidence from Indian drugs and pharmaceutical industry," Review of Managerial Science, Springer, vol. 12(1), pages 167-202, January.
    12. McCloughan, Patrick & Stone, Ian, 1998. "Life duration of foreign multinational subsidiaries: Evidence from UK northern manufacturing industry 1970-93," International Journal of Industrial Organization, Elsevier, vol. 16(6), pages 719-747, November.
    13. Samiee, Saeed & Athanassiou, Nicholas, 1998. "International Strategy Research: Cross-Cultural Methodology Implications," Journal of Business Research, Elsevier, vol. 43(2), pages 79-96, October.
    14. Sayed Gulzar Ganai & Abdul Hamid Mir & Showkat Ahmad Bhat & Javid Ahmad Khan, 2024. "Impacting Instruments for Export Competitiveness: Evidence from India and China in the Global Manufacturing Market," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 16(1), pages 130-142, January.
    15. Carpano, Claudio & Rahman, Manzur & Roth, Kendall & Michel, John G., 2006. "International competition in mature, localized industries: Evidence from the U.S. furniture industry," Journal of Business Research, Elsevier, vol. 59(5), pages 630-637, May.
    16. Qian, Gongming, 1996. "The effect of multinationality measures upon the risk-return performance of US firms," International Business Review, Elsevier, vol. 5(3), pages 247-265, June.
    17. James E Clarke & Peter W Liesch, 2017. "Wait-and-see strategy: Risk management in the internationalization process model," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 48(8), pages 923-940, October.
    18. Lu, Jane W., 2003. "The evolving contributions in international strategic management research," Journal of International Management, Elsevier, vol. 9(2), pages 193-213.
    19. Stewart R. Miller & Douglas E. Thomas & Lorraine Eden & Michael Hitt, 2008. "Knee Deep in the Big Muddy: The Survival of Emerging Market Firms in Developed Markets," Management International Review, Springer, vol. 48(6), pages 645-666, December.
    20. Charles Dhanaraj & Paul W. Beamish, 2009. "Institutional Environment and Subsidiary Survival," Management International Review, Springer, vol. 49(3), pages 291-312, June.
    21. Muhammed Altuntas & Gerrit Gößmann, 2016. "The Relationship Between Home Market Performance and Internationalization Decisions: Evidence From German Insurance Groups," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 19(1), pages 37-71, March.
    22. Daphne W. Yiu & Yuehua Xu & William P. Wan, 2014. "The Deterrence Effects of Vicarious Punishments on Corporate Financial Fraud," Organization Science, INFORMS, vol. 25(5), pages 1549-1571, October.
    23. Piaskowska, D., 2005. "Essays on firm growth and value creation," Other publications TiSEM 89053610-79c6-4c52-9d1c-6, Tilburg University, School of Economics and Management.

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