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Corporate diversification : the impact of foreign competition, industry globalization, and product diversification

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      <subfield code="a">Wiersema, Margarethe F.</subfield>
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      <subfield code="a">Corporate diversification</subfield>
      <subfield code="b">: the impact of foreign competition, industry globalization, and product diversification</subfield>
      <subfield code="c">Margarethe F. Wiersema, Harry P. Bowen</subfield>
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      <subfield code="a">The globalization of markets and industries has fundamentally changed the competitive conditions facing firms. Yet, how globalization has influenced the international diversification strategies of firms is an issue largely overlooked in both the strategic management and international business literatures. This paper develops a theoretical framework to understand how industry globalization, foreign competition, and firm product diversification may influence a firm's choice of its degree and scope of international diversification. Utilizing a panel dataset of U.S. manufacturing firms for the period 1987-99, we provide the first empirical evidence that industry globalization and foreign-based competition are statistically significant factors explaining the degree and scope of international diversification by U.S. firms</subfield>
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      <subfield code="a">Diversificación empresarial</subfield>
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      <subfield code="a">Internacionalización de la empresa</subfield>
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      <subfield code="a">Bowen, Harry P.</subfield>
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      <subfield code="t">Strategic management journal</subfield>
      <subfield code="d">Chichester [etc.] : Wiley</subfield>
      <subfield code="g">Vol. 29, nº 2,  February 2008 ; p. 115-132</subfield>
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