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Internationalization and Firm Performance: The case of the top 10 non-financial TNCs from South-East Europe

Author

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  • George Emm. Halkos

    (University of Thessaly)

  • Nickolaos G. Tzeremes

    (University of Thessaly)

Abstract

Over the last 30 years researchers have examined the link between performance and the degree of internationalization, reporting inconsistent and contradictory results. This paper, by performing Data Envelopment Analysis (DEA), tries to contribute to the existing literature by investigating whether firms' internationalization levels have an impact on their performance. Using a sample of ten Transnational corporations from South-East Europe the paper provides information regarding their efficiency levels. Finally, using the "Transnationality Index" (TNI) provided by UNCTAD in order to capture the levels of internationalisation, our results reveal that there is a positive influence on firms' performance.

Suggested Citation

  • George Emm. Halkos & Nickolaos G. Tzeremes, 2009. "Internationalization and Firm Performance: The case of the top 10 non-financial TNCs from South-East Europe," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 7(1), pages 55-73.
    • Handle: RePEc:seb:journl:v:7:y:2009:i:1:p:55-73
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    References listed on IDEAS

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    Cited by:

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    2. Hsiang-Hsi Liu & Teng-Kun Wang & Guan-Ting Liu, 2020. "Workforce Diversity Affecting on the Non-financial Performance of Taiwanese Multinational Enterprises under Different Environmental Factors: CEOs' Viewpoints," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 10(4), pages 1-7.

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    More about this item

    Keywords

    Firm internationalization; Firm performance; Multinational corporations; Transnationality index; DEA;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration

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