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Frequency of international expansion through high control market expansion modes and interlocked directorships

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  • Ang, Siah Hwee
  • Benischke, Mirko H.
  • Hooi, Andrea Wai-Leng

Abstract

This study investigates director interlock as a mechanism by which an MNC learns and adopts high control market expansion modes that other MNCs use. Using data on greenfields and acquisitions by S&P 500 firms in the period 2003–2010, we find a significant relationship between the use of high control market expansion modes by interlocked MNCs and the frequency of international expansion of a focal MNC through such modes in unrelated industries, with the relationship stronger for the depth of interlocked director experience. The findings contribute to the literatures around the frequency of international expansion and microfoundations of international strategy.

Suggested Citation

  • Ang, Siah Hwee & Benischke, Mirko H. & Hooi, Andrea Wai-Leng, 2018. "Frequency of international expansion through high control market expansion modes and interlocked directorships," Journal of World Business, Elsevier, vol. 53(4), pages 493-503.
    • Handle: RePEc:eee:worbus:v:53:y:2018:i:4:p:493-503
    DOI: 10.1016/j.jwb.2018.02.003
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