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How important is regional vs. global scope? An examination of U.S. multinationals

Author

Listed:
  • Yujin Jeong

    (American University)

  • Jordan I. Siegel

    (University of Michigan)

Abstract

Beginning with Rugman and Verbeke (J Int Bus Stud 35(1):3–18, 2004), several international business (IB) scholars have proposed that most large multinationals are not global but regional. This argument has recently been challenged for both its conceptualization and its implementation. We aim to contribute to this debate by revisiting the definitions of regional and global, by leveraging data from the U.S. Bureau of Economic Analysis that is new to this literature, and by analyzing multinationals’ scope in terms of both sales and production. We find that U.S. multinationals are significantly more global than has previously been acknowledged in the IB literature.

Suggested Citation

  • Yujin Jeong & Jordan I. Siegel, 2020. "How important is regional vs. global scope? An examination of U.S. multinationals," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 51(7), pages 1142-1160, September.
    • Handle: RePEc:pal:jintbs:v:51:y:2020:i:7:d:10.1057_s41267-019-00298-6
    DOI: 10.1057/s41267-019-00298-6
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    References listed on IDEAS

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    1. Ram Mudambi & Jonas Puck, 2016. "A Global Value Chain Analysis of the ‘Regional Strategy’ Perspective," Journal of Management Studies, Wiley Blackwell, vol. 53(6), pages 1076-1093, September.
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