Regional and product diversification and the performance of retail multinationals

Oh, Chang Hoon; Sohl, Timo; Rugman, Alan M.

doi:10.1016/j.intman.2015.04.002

Cited by 65 publications

(57 citation statements)

References 76 publications

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“…Future research should use more finely grained classifications. Finally, our findings provide some support for the suggestion that international experience is region-bounded (Oh, Sohl, & Rugman, 2015). According to Asmussen (2012, p. 277), international experience may be fungible within but not across regions and may increase ''the attractiveness of further investment in a region where sunk investments have already been incurred.''…”

Section: The Moderating Role Of International Experiencesupporting

confidence: 77%

“…Additionally, however, Penrose (1959) emphasized that the context in which managerial resources accrue experience shapes the particular nature of this experience and thus affects the services that these managerial resources can provide. In particular, prior research suggests that international experience and the associated knowledge may be location-bound (e.g., Hutzschenreuter & Matt, 2017;Luo & Peng, 1999), and regional strategy theory highlights the regionboundedness of international experience (Oh, Sohl, & Rugman, 2015). International experience obtained by operating within (outside) a firm's home region is particularly relevant in shaping the relationship between a firm's rapid internationalization within (outside) its home region and foreign divestment within (outside) its home region.…”

Section: Introductionmentioning

confidence: 99%

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Explaining the effect of rapid internationalization on horizontal foreign divestment in the retail sector: An extended Penrosean perspective

2018

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We adopt a Penrosean perspective to study the effect of rapid international expansion on the subsequent divestment of international operations. We draw on regional strategy theory and differentiate Penrosean managerial resources by their geographical fungibility to argue that the effect of rapid international expansion on the divestment of international operations varies with the regional patterns of firms' international expansion and international experience. We test our hypotheses using two-stage least squares (2SLS) estimation on data that capture the international expansion and divestment of retailers over the period [2003][2004][2005][2006][2007][2008][2009][2010][2011][2012]. Journal of International Business Studies (2018).

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Section: The Moderating Role Of International Experiencesupporting

confidence: 77%

Section: Introductionmentioning

confidence: 99%

Explaining the effect of rapid internationalization on horizontal foreign divestment in the retail sector: An extended Penrosean perspective

2018

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“…Regional diversification reflects a firm's or a sector's diversification to other markets and sectors within the region. However, the first dimension refers to diversification to geographic markets outside the destination region [81] by introducing new products to other regions in the same country or to regions in neighbouring countries and thereby differentiating regions. This diversification strategy is common in national governments' agendas to extend tourism to other regions.…”

Section: Inter-regional Tourism Diversificationmentioning

confidence: 99%

Tourism Diversification and Its Implications for Smart Specialisation

Weidenfeld

2018

Sustainability

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Abstract:The complex nature of tourism, its strong inter-sectoral relationships and regional dimension challenge innovation. The advent of smart specialisation, which focuses on regional diversification across sectors, offers considerable and hitherto largely unrealized potential for developing innovative tourism policies within this new agenda. This paper addresses the understudied concept of tourism diversification and its unrealized relevance to smart specialisation, which has emerged as a mainstream logic underpinning EU Cohesion Policy reforms and has diffused into other OECD countries. It provides a theoretical framework for studying product, market, sectoral and regional diversification as well as related variety in tourism. Some policy implications for realizing tourism diversification and for the potential role of tourism in smart specialisation strategies in particular are suggested.

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“…Hence, a diversified company may have several different businesses or operate in multi businesses in terms of industry (product diversification), market or resources. According to several prior studies, industry or product diversification might be classified into three forms, including related diversification, unrelated diversification and total diversification (Chang and Wang 2007;Chen and Yu 2012;Hashai 2015;Oh et al 2015;Palepu 1985;Su and Tsang 2015;Zahavi and Lavie 2013). Related diversification refers to diversification strategy which is associated with expanding business in a similar product or in the same product line (backward or forward integration) (Chen and Yu 2012).…”

Section: Theory and Hypothesesmentioning

confidence: 99%

Diversification and corporate social performance in manufacturing companies

Patrisia

Dastgir

2016

Eurasian Bus Rev

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The effects of diversification on financial performance are well-established, less so the way in which diversification influences company behaviour towards stakeholder demand and social concern. This paper investigates the relationship between business diversification and corporate social performance (CSP) in an industrial setting, in Indonesia. CSP is measured with an index constructed from content and disclosure analysis of annual company reports in line with global reporting initiative standards. A sample of 107 listed manufacturing companies from the Indonesian Stock Exchange is used to estimate a lagged multiple regression model to show that industry-level diversification does not have an effect on CSP. However, distinguishing between related and unrelated diversification produces a different outcome whereby, related diversification is negatively and statistically significantly correlated with CSP. Unrelated diversification, on the other hand, shows a positive and statistically significant relationship. It means the relationship between unrelated diversification and CSP is more positive than the relationship between related diversification and CSP. The findings offer a unique insight into industrial diversification and CSP in Indonesia's expanding manufacturing sector.

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Regional and product diversification and the performance of retail multinationals

Cited by 65 publications

References 76 publications

Explaining the effect of rapid internationalization on horizontal foreign divestment in the retail sector: An extended Penrosean perspective

Explaining the effect of rapid internationalization on horizontal foreign divestment in the retail sector: An extended Penrosean perspective

Tourism Diversification and Its Implications for Smart Specialisation

Diversification and corporate social performance in manufacturing companies

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