Access the full text.
Sign up today, get DeepDyve free for 14 days.
M. Jensen (1999)
Eclipse of the Public CorporationSPGMI: Compustat Fundamentals (Topic)
R. Schmalensee (1984)
Do Markets Differ MuchThe American Economic Review, 75
M. Hitt, R. Hoskisson, Hicheon Kim (1997)
International Diversification: Effects on Innovation and Firm Performance in Product-Diversified FirmsAcademy of Management Journal, 40
P. Reynolds (1997)
New and Small Firms in Expanding MarketsSmall Business Economics, 9
A. Delios, P. Beamish (2002)
Survival and Profitability: The Roles of Experience and Intangible Assets in Foreign Subsidiary PerformanceInternational Corporate Finance eJournal
Daniel Sullivan (1994)
Measuring the Degree of Internationalization of a FirmJournal of International Business Studies, 25
J. Robins, M. Wiersema (1995)
A resource‐based approach to the multibusiness firm: Empirical analysis of portfolio interrelationships and corporate financial performanceStrategic Management Journal, 16
W. C. Kim, P. W. P. Hwang Burgers (1989)
‘Global Diversification Strategy and Corporate Profit Performance’Strategic Management Journal, 10
A. O'Cass, C. Julian (2003)
Modelling the Effects of Firm-Specific and Environmental Characteristics on Export Marketing PerformanceJournal of Global Marketing, 16
S. Barrios, H. Görg, E. Strobl (2003)
Explaining Firms' Export Behaviour: R&D, Spillovers and the Destination MarketIO: Productivity
Gongming Qian, Lee Li (2003)
Profitability of small‐ and medium‐sized enterprises in high‐tech industries: the case of the biotechnology industrySouthern Medical Journal, 24
A. Rugman, A. Verbeke (1992)
A Note on the Transnational Solution and the Transaction Cost Theory of Multinational Strategic ManagementJournal of International Business Studies, 23
J. Johanson, J. Vahlne (1977)
The Internationalization Process of the Firm—A Model of Knowledge Development and Increasing Foreign Market CommitmentsJournal of International Business Studies, 8
A. M. Rugman (1981)
Inside the Multinationals: The Economics of Internal Markets
G. S. Shieh (1992)
Boss Island: Subcontracting Networks and Micro-Entrepreneurship in Taiwan’s Development
L. Gomes, K. Ramaswamy (1999)
‘An Empirical Examination of the Form of the Relationship between Internationalization and Performance’Journal of International Business Studies, 30
Ingemar Dierickx, Karel Cool (1989)
Asset stock accumulation and sustainability of competitive advantageManagement Science, 35
J. Geringer, P. Beamish, Richard Dacosta (1989)
DIVERSIFICATION STRATEGY AND INTERNATIONALIZATION: IMPLICATIONS FOR MNE PERFORMANCESouthern Medical Journal, 10
R. M. Grant (1987)
‘Internationalization and Performance among British Manufacturing Companies’Journal of International Business Studies, 18
M. Casson, R. Caves (1984)
Multinational Enterprise and Economic Analysis.The Economic Journal, 94
Preet Aulakh, Masaaki Kotabe, Hildy Teegen (2000)
Export Strategies and Performance of Firms from Emerging Economies: Evidence from Brazil, Chile, and MexicoAcademy of Management Journal, 43
Edward Shaffer, A. Rugman, I. Litvak, C. Maule (1982)
Inside the Multinationals, the Economics of Internal Markets@@@The Canadian MultinationalsCanadian Public Policy-analyse De Politiques, 8
R. Morck, Bernard Yeung (1992)
Internalization : An event study testJournal of International Economics, 33
J. Dunning (1988)
The Eclectic Paradigm of International Production: A Restatement and Some Possible ExtensionsJournal of International Business Studies, 19
J. Anand, A. Delios (2002)
‘Absolute and Relative Resources as Determinants of International Acquisitions’Strategic Management Journal, 23
T. Richards, Paul Patterson (2002)
Minimum effective scale in export promotionAgribusiness, 18
B. Oviatt, P. McDougall (1994)
Toward a theory of international new venturesJournal of International Business Studies, 36
Marisa Ramírez-Alesón, Manuel Espitia-Escuer (2001)
The Effect of International Diversification Strategy on the Performance of Spanish -- Based Firms during the Period 1991 - 1995 (1)Management International Review, 41
Y. C. Chiao, C. J. Yu, C. Y. Lin (2002)
‘Internationalization, Capability for Product Differentiation and Performance: An Examination of Large Taiwanese Firm’Journal of Management (in Chinese), 19
W. C. Kim, P. Hwang, W. P. Burgers (1993)
‘Multinationals’ Diversification and the Risk-Return Trade-Off’Strategic Management Journal, 14
W. Mitchell, J. M. Shaver, B. Yeung (1992)
‘Getting there in a Global Industry: Impacts on Performance of Changing International presence’Strategic Management Journal, 13
H. W. C. Yeung (1994)
‘Transnational Corporations From Asian Developing Countries: Their Characteristics and Competitive Edge’Journal of Asian Business, 10
D. Aaker, R. Jacobson (1987)
The Role of Risk in Explaining Differences in ProfitabilityAcademy of Management Journal, 30
F. Scherer, David Ross (1971)
Industrial Market Structure and Economic Performance.Journal of Finance, 26
Aviv Shoham (1998)
Export Performance: A Conceptualization and Empirical AssessmentJournal of International Marketing, 6
Gongming Qian (2002)
Multinationality, Product Diversification, and Profitability of Emerging Us Small- and Medium-Sized EnterprisesJournal of Business Venturing, 17
M. Jelinek, M. Porter (1990)
The Competitive Advantage of Nations.Administrative Science Quarterly, 37
W. Kim, P. Hwang, W. Burgers (1993)
MULTINATIONALS' DIVERSIFICATION AND THE RISK-RETURN TRADE-OFFSouthern Medical Journal, 14
J. Johansson (1979)
Advertising and the S-Curve: A New ApproachJournal of Marketing Research, 16
A. Delios, P. W. Beamish (2001)
‘Survival Profitability: the Roles of Experience and Intangible Assets in Foreign Subsidiary Performance’Academy of Management Journal, 44
R. Morck, B. Yeung (1993)
Why Investors Value MultinationalityThe Journal of Business, 64
A. Delios, P. W. Beamish (1999)
‘Geographic Scope Product Diversification, and the Corporate Performance of Japanese Firms’Strategic Management Journal, 20
L. Moreno (1997)
The determinants of Spanish industrial exports to the European UnionApplied Economics, 29
R. Grant, Azar Jammine, H. Thomas (1988)
DIVERSITY, DIVERSIFICATION, AND PROFITABILITY AMONG BRITISH MANUFACTURING COMPANIES, 1972-84Academy of Management Journal, 31
J.-F. Hennart (1991)
The Nature of the Transnational Firm
R. Grant (1987)
Multinationality and Performance among British Manufacturing CompaniesJournal of International Business Studies, 18
V. Sriram, H. Sapienza (1991)
An Empirical Investigation of the Role of Marketing for Small ExportersJournal of Small Business Management, 29
K. Ramaswamy, K. Kroeck, W. Renforth (1996)
Measuring the Degree of Internationalization of a firm: A CommentJournal of International Business Studies, 27
J. W. Lu, P. W. Beamish (2001)
‘The Internationalization and Performance of SMEs’Strategic Management Journal, 22
S. Lall (1980)
Monopolistic Advantages and Foreign Involvement by U.S. Manufacturing Industry, 32
J. Geringer, Stephen Tallman, David Olsen (2000)
PRODUCT AND INTERNATIONAL DIVERSIFICATION AMONG JAPANESE MULTINATIONAL FIRMSStrategic Management Journal, 21
Wen-Hsien Chen (1999)
Manufacturing Strategies of Network-Based Small Firms: Observations on the Textile Industry in TaiwanJournal of Small Business Management, 37
J. Collins (1990)
A Market Performance Comparison of U.S. Firms Active in Domestic, Developed and Developing CountriesJournal of International Business Studies, 21
R. L. Ackoff, J. R. Emshoff (1975)
‘Advertising Research at Anheuser-Busch, Inc’Sloan Management Review, 16
J. Utterback, W. Abernathy (1975)
A dynamic model of process and product innovationOmega-international Journal of Management Science, 3
J. Anand, A. Delios (2002)
Absolute and Relative Resources as Determinants of International AcquisitionsInternational Trade
S. Lall, E. Chen, J. Katz, B. Kosacoff, A. Villela (1983)
The new multinationals : the spread of Third World enterprises
L. Aiken, S. West (1991)
Multiple Regression: Testing and Interpreting Interactions
Lilach Nachum, J. Rolle (1999)
The National Origin of the Ownership Advantages of FirmsService Industries Journal, 19
T. E. Horst (1972)
‘Firm and Industry Determinants of the Decision to Invest Abroad’Review of Economics and Statistics, 54
Stephen Tallman, Jiatao Li (1996)
Effects of International Diversity and Product Diversity on the Performance of Multinational FirmsAcademy of Management Journal, 39
Vern Terpstra (1983)
Critical mass and international marketing strategyJournal of the Academy of Marketing Science, 11
S. Lall, N. Siddharthan (1982)
The Monopolistic Advantages of Multinationals: Lessons from Foreign Investment in the U.SThe Economic Journal, 92
D. Corkindale, J. Newall (1978)
Advertising Thresholds and Wearout
W. Kim, P. Hwang, William Burgers (1989)
Global diversification strategy and corporate profit performanceSouthern Medical Journal, 10
C. Julian (2003)
Export Marketing Performance: A Study of Thailand FirmsJournal of Small Business Management, 41
A.-W. Harzing (2002)
‘Acquisitions versus Greenfield Investment: International Strategy and Management of Entry Modes’Strategic Management Journal, 23
B. Aw (2002)
Accumulating Technology and Location Spillovers Among Firms in Taiwan's Electronics IndustryThe Journal of Development Studies, 39
Anne-Wil Harzing (2002)
Acquisitions versus greenfield investments: international strategy and management of entry modesSouthern Medical Journal, 23
W. Mitchell, J. Shaver, B. Yeung, John Wiley (1992)
Getting there in a global industry: Impacts on performance of changing international presenceSouthern Medical Journal, 13
M. Hitt, R. Hoskisson (1994)
A Mid-Range Theory of the Interactive Effects of International and Product Diversification on Innovation and PerformanceJournal of Management, 20
Thomas Horst (1972)
Firm and Industry Determinants of the Decision to Invest Abroad: An Empirical StudyThe Review of Economics and Statistics, 54
H. Gankema, Henoch Snuif, P. Zwart (2000)
The internationalization process of small and medium-sized enterprises: An evaluation of stage theoryJournal of Small Business Management, 38
G. Qian, L. Li (2003)
‘Profitability of Small- and Medium-sized Enterprises in High-tech Industries: The Case of the Biotechnology Industry’Strategic Management Journal, 24
J. Hair (1972)
Multivariate data analysisInternational Statistical Review, 40
B. Kogut (1985)
‘Designing Global Strategies: Profiting from Operation Flexibility’Sloan Management Review, 27
J. M. Geringer, P. W. Beamish, R. C. daCosta (1989)
‘Diversification Strategy and Internationalization: Implications for MNE Performance’Strategic Management Journal, 10
Masaaki Kotabe, S. Srinivasan, Preet Aulakh (2002)
Multinationality and Firm Performance: The Moderating Role of R&D and Marketing CapabilitiesJournal of International Business Studies, 33
J. Johanson, L. G. Mattsson (1988)
‘Internationalization in Industrial System – A Network Approach Compared with the Transaction Costs Approach’International Studies of Management and Organization, 17
C. Wan (1998)
International Diversification, Industrial Diversification and Firm Performance of Hong Kong MNCsAsia Pacific Journal of Management, 15
I. Kravis, R. Lipsey (1992)
Sources of Competitiveness of the United States and of Its Multinational FirmsThe Review of Economics and Statistics, 74
B. Kogut (1986)
Designing global strategies: profiting from operation flexibilityThe International Executive, 28
Albert Bemmaor (1984)
Testing Alternative Econometric Models on the Existence of Advertising Threshold EffectJournal of Marketing Research, 21
S. Hymer (1976)
The International Operations of National Firms: A Study of Direct Foreign Investment
C. Dhanaraj, P. Beamish (2003)
A Resource‐Based Approach to the Study of Export PerformanceJournal of Small Business Management, 41
S. Zahra, Donald Neubaum, M. Huse (1997)
The Effect of the Environment on Export Performance among Telecommunications New VenturesEntrepreneurship Theory and Practice, 22
C. Yu, Kiyohiko Ito (1988)
Oligopolistic Reaction and Foreign Direct Investment: The Case of the U.S. Tire and Textiles IndustriesJournal of International Business Studies, 19
J. Lu, P. Beamish (2001)
The internationalization and performance of SMEsSouthern Medical Journal, 22
G. Albaum, D. Tse, G. Hozier, K. Baker (2003)
Extending Marketing Activities and Strategies from Domestic to Foreign MarketsJournal of Global Marketing, 16
J. Barney (1991)
Firm Resources and Sustained Competitive AdvantageJournal of Management, 17
Stephen Tallman (1990)
Managing across Borders: The Transnational SolutionJournal of International Business Studies, 21
Jean‐Franois Hennart (1991)
The transaction cost theory of the multinational enterprise
J. Anand, Harbir Singh (1997)
Asset redeployment, acquisitions and corporate strategy in declining industriesStrategic Management Journal, 18
J. Johanson, L. Mattsson (1987)
Interorganizational relations in industrial systems: a network approach compared with the transaction cost approachInternational Studies of Management and Organization, 17
Gongming Qian, Lloyd Yang, Denis Wang (2003)
Does Multinationality Affect Profit Performance? An Empirical Study of US SMEsJournal of General Management, 28
A. Delios, P. Beamish (1999)
Geographic Scope, Product Diversification and the Corporate Performance of Japanese FirmsInternational Corporate Finance eJournal
G. Nassimbeni (2001)
Technology, innovation capacity, and the export attitude of small manufacturing firms: a logit/tobit modelResearch Policy, 30
L. Gomes, K. Ramaswamy (1999)
An Empirical Examination of the Form of the Relationship Between Multinationality and PerformanceJournal of International Business Studies, 30
J. D. Daniels, J. Bracker (1989)
‘Profit Performance: Do Foreign Operations Make a Difference’Management International Review, 29
In light of the lack of empirical evidence regarding issues of internationalization as they affect small and medium-sized enterprises (SMEs) from newly-industrialized economies (NIEs), this study aims to expand the applicability of existent internationalization theories. So far, such theories have largely been developed with MNCs from industrialized economies in mind. In examining a 1996 sample of 1,419 Taiwanese SMEs, we found that the relationship between internationalization and performance could be graphically depicted as one of inverted U-shaped curvilinearity, and that a specific level of internationalization corresponded to maximum profitability. Our empirical findings also confirmed a relationship of U-shaped curvilinearity between advertising investment and performance, indicating that a minimum level of investment is required in order for advertising to be effective. Investments in research and development (R&D) were also shown to be positively associated with firm performance. The external validity of our internationalization theories regarding SMEs from NIEs was generally supported, though some modifications allowing for consideration of the particular context of individual SMEs will ultimately become a necessity.
Small Business Economics – Springer Journals
Published: Apr 15, 2005
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.