Does it pay to be a multinational? A large‐sample, cross‐national replication assessing the multinationality–performance relationship

Volume: 41, Issue: 1, Pages: 152 - 172
Published: Nov 6, 2019
Abstract
Research Summary Does it pay to be a multinational? Despite decades of empirical research, we still do not know. We undertake a large-sample, cross-national replication of Lu and Beamish (2004) and Berry and Kaul's (2016) works to examine whether the multinationality–performance relationship is S-shaped in a 2009–2016 panel of 889,865 firm-year observations. Using a two-stage least squares fixed-effects model that accounts for endogeneity on a...
Paper Details
Title
Does it pay to be a multinational? A large‐sample, cross‐national replication assessing the multinationality–performance relationship
Published Date
Nov 6, 2019
Volume
41
Issue
1
Pages
152 - 172
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