主题: Multinationality and Performance: A Three-Phase Model
演讲人：Jane Lu, Assistant Professor, NUS Business School
时间：3:30pm-5:00pm, Tuesday, Nov. 19.
地点：光华楼002室
Abstract:
This paper synthesizes prior studies on multinationality and performance and proposes a new theoretical framework that takes into account both the benefits and the costs of internationalization. Using a sample of the foreign direct investment activities of 2,094 Japanese firms over a 12-year period, we find that the relationship between FDI and performance varies at different stages of internationalization, exhibiting a consistent sideway "s" curve relationship. Further, we find that firms invest more heavily in the development of technology capabilities, a form of firm-specific assets, achieve greater gains in profitability from growth in FDI activities.
