Strategic complexity and global expansion: an empirical study of newcomer multinational corporations from small economies
Article
Oladottir, A., Hobdari, B., Papanastassiou, M., Pearce, R. and Sinani, E. 2012. Strategic complexity and global expansion: an empirical study of newcomer multinational corporations from small economies. Journal of World Business. 47 (4), pp. 686-695. https://doi.org/10.1016/j.jwb.2011.08.003
Type | Article |
---|---|
Title | Strategic complexity and global expansion: an empirical study of newcomer multinational corporations from small economies |
Authors | Oladottir, A., Hobdari, B., Papanastassiou, M., Pearce, R. and Sinani, E. |
Abstract | The purpose of this paper is to analyse the determinants of global expansion strategies of newcomer Multinational Corporations (MNCs) by focusing on Iceland, Israel and Ireland. We argue that newcomer MNCs from small open economies pursue complex global expansion strategies (CGES). We distinguish four different types of global expansion strategies, namely, horizontal, vertical, lateral integration, and risk diversification. Building upon the traditions of Caves and Dunning and applying a multinomial logistic approach, we model CGES as a function of firm and country specific factors. The empirical evidence suggests that newcomer MNCs move away from simplistic dualities in the formulation of their strategic choices towards more complex options as a means of maintaining and enhancing their global competitiveness. |
Keywords | MNCs; Complex global expansion strategies; Iceland; Ireland; Israel |
Research Group | International Business group |
Publisher | Elsevier |
Journal | Journal of World Business |
ISSN | 1090-9516 |
Electronic | 1878-5573 |
Publication dates | |
Oct 2012 | |
Publication process dates | |
Deposited | 26 Jun 2013 |
Output status | Published |
Additional information | Journal of World Business was formerly known as The Columbia Journal of World Business. |
Digital Object Identifier (DOI) | https://doi.org/10.1016/j.jwb.2011.08.003 |
Language | English |
https://repository.mdx.ac.uk/item/84198
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