Optimal geographic diversification and firm performance:evidence from the U.K.


Autoria(s): Driffield, Nigel; Du, Jun; Girma, Sourafel
Data(s)

01/10/2008

Resumo

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.

Formato

application/pdf

Identificador

http://eprints.aston.ac.uk/2819/1/Optimal_geographic_diversification_and_firm_performance.pdf

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.

Relação

http://eprints.aston.ac.uk/2819/

Tipo

Article

PeerReviewed