International Specialization: A Bridge between Polar Views of Operating Flexibility and Location-Specific Commitment

Ingo Kleindienst, Christian Geisler Asmussen, Thomas Hutzschenreuter, Torben Pedersen

    Publikation: Bidrag til bog/antologi/rapportKonferenceabstrakt i proceedingsForskningpeer review

    Resumé

    Whether and how international diversification and cross-border arbitrage affects firm performance remains one of the major unresolved research questions in the strategy and international business literatures. We propose
    that knowing how much a firm has internationally diversified tells us very little about performance implications, if we do not know, and do not ask, how the firm has diversified. Therefore, building on the two broad arguments of operating flexibility and location-specific commitment, we develop a theoretical framework that focuses on the extent to which a firm's international arbitrage strategy is characterized by specialization versus replication and argue that these different strategies may have differential impact on profitability and risk reduction. Developing a sophisticated measure of international specialization and using a unique panel data set
    of 92 German MNEs to test our hypotheses, we provide a novel perspective on the relationship between international arbitrage and firm performance.
    OriginalsprogEngelsk
    TitelProceedings of the 54rd Annual Meeting of the Academy of International Business
    RedaktørerSusan Feinberg, Tunga Kiyak
    Udgivelses stedEast Lansing, MI
    ForlagAcademy of International Business
    Publikationsdato2012
    Sider43-44
    StatusUdgivet - 2012
    BegivenhedAIB 2012 Annual Meeting: Rethinking the Roles of Business, Government and NGOs in the Global Economy - George Washington University and University of Maryland, Washington, USA
    Varighed: 30 jun. 20123 jul. 2012
    Konferencens nummer: 54
    http://aib.msu.edu/events/2012/

    Konference

    KonferenceAIB 2012 Annual Meeting
    Nummer54
    LokationGeorge Washington University and University of Maryland
    LandUSA
    ByWashington
    Periode30/06/201203/07/2012
    Internetadresse
    NavnAcademy of International Business. Annual Meeting. Proceedings
    Vol/bind54
    ISSN2078-4430

    Citer dette

    Kleindienst, I., Geisler Asmussen, C., Hutzschenreuter, T., & Pedersen, T. (2012). International Specialization: A Bridge between Polar Views of Operating Flexibility and Location-Specific Commitment. I S. Feinberg, & T. Kiyak (red.), Proceedings of the 54rd Annual Meeting of the Academy of International Business (s. 43-44). East Lansing, MI: Academy of International Business. Academy of International Business. Annual Meeting. Proceedings, Bind. 54
    Kleindienst, Ingo ; Geisler Asmussen, Christian ; Hutzschenreuter, Thomas ; Pedersen, Torben. / International Specialization : A Bridge between Polar Views of Operating Flexibility and Location-Specific Commitment. Proceedings of the 54rd Annual Meeting of the Academy of International Business. red. / Susan Feinberg ; Tunga Kiyak. East Lansing, MI : Academy of International Business, 2012. s. 43-44 (Academy of International Business. Annual Meeting. Proceedings, Bind 54).
    @inbook{d919a488fb0d444d95349a6d2821dd94,
    title = "International Specialization: A Bridge between Polar Views of Operating Flexibility and Location-Specific Commitment",
    abstract = "Whether and how international diversification and cross-border arbitrage affects firm performance remains one of the major unresolved research questions in the strategy and international business literatures. We proposethat knowing how much a firm has internationally diversified tells us very little about performance implications, if we do not know, and do not ask, how the firm has diversified. Therefore, building on the two broad arguments of operating flexibility and location-specific commitment, we develop a theoretical framework that focuses on the extent to which a firm's international arbitrage strategy is characterized by specialization versus replication and argue that these different strategies may have differential impact on profitability and risk reduction. Developing a sophisticated measure of international specialization and using a unique panel data setof 92 German MNEs to test our hypotheses, we provide a novel perspective on the relationship between international arbitrage and firm performance.",
    author = "Ingo Kleindienst and {Geisler Asmussen}, Christian and Thomas Hutzschenreuter and Torben Pedersen",
    year = "2012",
    language = "English",
    series = "Academy of International Business. Annual Meeting. Proceedings",
    pages = "43--44",
    editor = "Feinberg, {Susan } and Kiyak, {Tunga }",
    booktitle = "Proceedings of the 54rd Annual Meeting of the Academy of International Business",
    publisher = "Academy of International Business",

    }

    Kleindienst, I, Geisler Asmussen, C, Hutzschenreuter, T & Pedersen, T 2012, International Specialization: A Bridge between Polar Views of Operating Flexibility and Location-Specific Commitment. i S Feinberg & T Kiyak (red), Proceedings of the 54rd Annual Meeting of the Academy of International Business. Academy of International Business, East Lansing, MI, Academy of International Business. Annual Meeting. Proceedings, bind 54, s. 43-44, AIB 2012 Annual Meeting, Washington, USA, 30/06/2012.

    International Specialization : A Bridge between Polar Views of Operating Flexibility and Location-Specific Commitment. / Kleindienst, Ingo ; Geisler Asmussen, Christian; Hutzschenreuter, Thomas ; Pedersen, Torben.

    Proceedings of the 54rd Annual Meeting of the Academy of International Business. red. / Susan Feinberg; Tunga Kiyak. East Lansing, MI : Academy of International Business, 2012. s. 43-44 (Academy of International Business. Annual Meeting. Proceedings, Bind 54).

    Publikation: Bidrag til bog/antologi/rapportKonferenceabstrakt i proceedingsForskningpeer review

    TY - ABST

    T1 - International Specialization

    T2 - A Bridge between Polar Views of Operating Flexibility and Location-Specific Commitment

    AU - Kleindienst, Ingo

    AU - Geisler Asmussen, Christian

    AU - Hutzschenreuter, Thomas

    AU - Pedersen, Torben

    PY - 2012

    Y1 - 2012

    N2 - Whether and how international diversification and cross-border arbitrage affects firm performance remains one of the major unresolved research questions in the strategy and international business literatures. We proposethat knowing how much a firm has internationally diversified tells us very little about performance implications, if we do not know, and do not ask, how the firm has diversified. Therefore, building on the two broad arguments of operating flexibility and location-specific commitment, we develop a theoretical framework that focuses on the extent to which a firm's international arbitrage strategy is characterized by specialization versus replication and argue that these different strategies may have differential impact on profitability and risk reduction. Developing a sophisticated measure of international specialization and using a unique panel data setof 92 German MNEs to test our hypotheses, we provide a novel perspective on the relationship between international arbitrage and firm performance.

    AB - Whether and how international diversification and cross-border arbitrage affects firm performance remains one of the major unresolved research questions in the strategy and international business literatures. We proposethat knowing how much a firm has internationally diversified tells us very little about performance implications, if we do not know, and do not ask, how the firm has diversified. Therefore, building on the two broad arguments of operating flexibility and location-specific commitment, we develop a theoretical framework that focuses on the extent to which a firm's international arbitrage strategy is characterized by specialization versus replication and argue that these different strategies may have differential impact on profitability and risk reduction. Developing a sophisticated measure of international specialization and using a unique panel data setof 92 German MNEs to test our hypotheses, we provide a novel perspective on the relationship between international arbitrage and firm performance.

    M3 - Conference abstract in proceedings

    T3 - Academy of International Business. Annual Meeting. Proceedings

    SP - 43

    EP - 44

    BT - Proceedings of the 54rd Annual Meeting of the Academy of International Business

    A2 - Feinberg, Susan

    A2 - Kiyak, Tunga

    PB - Academy of International Business

    CY - East Lansing, MI

    ER -

    Kleindienst I, Geisler Asmussen C, Hutzschenreuter T, Pedersen T. International Specialization: A Bridge between Polar Views of Operating Flexibility and Location-Specific Commitment. I Feinberg S, Kiyak T, red., Proceedings of the 54rd Annual Meeting of the Academy of International Business. East Lansing, MI: Academy of International Business. 2012. s. 43-44. (Academy of International Business. Annual Meeting. Proceedings, Bind 54).