The effects of the degree of internationalization on firm performance
This study developed and tested a model that attempts to describe the influence of internationalization on firm performance. Degree of internationalization was measured by foreign revenues/total revenues. Results based on data from a cross-sectional set of U.S. multinational firms find evidence of a nonmonotonic relationship between degree of internationalization and firm performance. The rate of return on assets declines, then increases, and finally decreases slightly as the degree of internationalization increases.
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Volume (Year): 7 (1998)
Issue (Month): 3 (June)
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