Driffield, Nigel, Du, Jun and Girma, Sourafel (2008). Optimal geographic diversification and firm performance:evidence from the U.K. Journal of Productivity Analysis, 30 (2), pp. 145-254.
Abstract
This paper examines the relationship between multinationality and firm performance. The analysis is based on a sample of over 400 UK multinationals, and encompasses both service sector and manufacturing sector multinationals. This paper confirms the non-linear relationship between performance and multinationality that is reported elsewhere in the literature, but offers further analysis of this relationship. Specifically, by correcting for endogeneity in the investment decision, and for shocks in productivity across countries, the paper demonstrates that the returns to multinationality are greater than those that have been reported elsewhere, and persist to higher degrees of international diversification.
Publication DOI: | https://doi.org/10.1007/s11123-008-0102-x |
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Divisions: | College of Business and Social Sciences > Aston Business School > Economics, Finance & Entrepreneurship College of Business and Social Sciences > Aston Business School > Aston India Foundation for Applied Research College of Business and Social Sciences > Aston Business School |
Additional Information: | The original publication is available at springerlink.com |
Uncontrolled Keywords: | multinational,performance,productivity,Business and International Management,Economics and Econometrics,Social Sciences (miscellaneous) |
Publication ISSN: | 1573-0441 |
Last Modified: | 07 Oct 2024 07:14 |
Date Deposited: | 13 Oct 2009 15:29 |
Full Text Link: |
http://www.spri ... 752l575640h545/ |
Related URLs: |
http://www.scop ... tnerID=8YFLogxK
(Scopus URL) |
PURE Output Type: | Article |
Published Date: | 2008-10 |
Published Online Date: | 2008-08-08 |
Authors: |
Driffield, Nigel
(
0000-0003-1056-3117)
Du, Jun ( 0000-0002-0449-4437) Girma, Sourafel |