While an extensive literature examines the diversification‐performance relationship, little
agreement exists concerning the nature of this relationship. Both theoretical and empirical …

We test the hypothesis that culturally related international diversification will have a positive
impact on firm performance and that the opposite will be true for culturally unrelated …

At first sight, the idea of investing internationally seems exciting and full of promise because
of the many benefits of international portfolio investment. By investing in foreign securities …

This paper contributes to the IB literature by investigating MNEs' risk mitigation strategies in
emerging markets. Drawing on institutional perspectives and March's theoretical concept of …

The exchange rate is an important variable that affects international competitiveness and
performance of Japanese firms. We use an unconditional and a conditional multi-factor …

This paper examines the risk of US direct foreign investments over the period 1982–98 in 59
host countries. The first part of the analysis builds an empirical model to explain the time …

An important issue in global corporate risk management is whether the multinationality of a
firm matters in terms of its effect on exchange risk exposure. In this paper, we examine the …

Research Summary This article tests real options theory predictions that uncertainty and
flexibility are key value drivers for offshore outsourcing moderated by switching costs …

Purpose: Strategy determines the patterns of internationalization. The speed, scale, and
scope ofinternationalization are important dimensions from the perspective of firms' …

The literature on foreign direct investment (FDI) has analysed the entry mode choice by
multinational enterprises (MNEs) from several theoretical viewpoints. Nevertheless, previous …