Rights statement: This is the peer reviewed version of the following article: Tsionas, M.G. and Tzeremes, N.G. (2022), The Degree of Internationalization and Firm Productivity: Empirical Evidence from Large Multinationals. Br. J. Manag., 33: 1969-1990. https://doi.org/10.1111/1467-8551.12560 which has been published in final form at https://onlinelibrary.wiley.com/doi/10.1111/1467-8551.12560 This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.
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Final published version
Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
}
TY - JOUR
T1 - The Degree of Internationalization and Firm Productivity
T2 - Empirical Evidence from Large Multinationals
AU - Tsionas, Mike G.
AU - Tzeremes, Nickolaos G.
N1 - This is the peer reviewed version of the following article: Tsionas, M.G. and Tzeremes, N.G. (2022), The Degree of Internationalization and Firm Productivity: Empirical Evidence from Large Multinationals. Br. J. Manag., 33: 1969-1990. https://doi.org/10.1111/1467-8551.12560 which has been published in final form at https://onlinelibrary.wiley.com/doi/10.1111/1467-8551.12560 This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.
PY - 2022/10/3
Y1 - 2022/10/3
N2 - This paper examines whether the S-shaped and M-shaped hypotheses explain the internalization firm's productivity relationship. The internationalization–performance (I–P) literature uses accounting-based performance indicators in order to examine such a relationship. In contrast to the mainstream literature, productivity and its components (efficiency and technical change) are used as a firm's performance measures. Utilizing a semi-parametric model based on artificial neural network techniques, accounting for potential heterogeneity, firms’ productivity, efficiency and technical change levels are estimated. The innovative methodological framework is applied in a sample of large, experienced non-financial firms over the period 1992–2019. The empirical evidence suggests that firms’ internationalization in relation to their productivity and efficiency levels exhibits an inverted U-shaped relationship. This finding corresponds to the last two stages of the S-shaped and M-shaped hypotheses. Furthermore, the evidence suggests that internationalization has a positive nonlinear effect on firms’ innovation capacity (technical change). Overall, the empirical findings from data-driven techniques applied, support the view that the effect of internationalization on firms’ productivity levels is asymmetric.
AB - This paper examines whether the S-shaped and M-shaped hypotheses explain the internalization firm's productivity relationship. The internationalization–performance (I–P) literature uses accounting-based performance indicators in order to examine such a relationship. In contrast to the mainstream literature, productivity and its components (efficiency and technical change) are used as a firm's performance measures. Utilizing a semi-parametric model based on artificial neural network techniques, accounting for potential heterogeneity, firms’ productivity, efficiency and technical change levels are estimated. The innovative methodological framework is applied in a sample of large, experienced non-financial firms over the period 1992–2019. The empirical evidence suggests that firms’ internationalization in relation to their productivity and efficiency levels exhibits an inverted U-shaped relationship. This finding corresponds to the last two stages of the S-shaped and M-shaped hypotheses. Furthermore, the evidence suggests that internationalization has a positive nonlinear effect on firms’ innovation capacity (technical change). Overall, the empirical findings from data-driven techniques applied, support the view that the effect of internationalization on firms’ productivity levels is asymmetric.
KW - Management of Technology and Innovation
KW - Strategy and Management
KW - General Business, Management and Accounting
U2 - 10.1111/1467-8551.12560
DO - 10.1111/1467-8551.12560
M3 - Journal article
VL - 33
SP - 1969
EP - 1990
JO - British Journal of Management
JF - British Journal of Management
SN - 1045-3172
IS - 4
ER -