Résumés
Résumé
Notre recherche se propose d’explorer la relation entre la croissance internationale de l’entreprise et l’intra-régionalisation vs l’inter-régionalisation. Nous développons un cadre théorique fondé essentiellement sur les avantages et les handicaps des contextes géographiques intra- et inter-régionaux. Ce cadre théorique permet d’expliquer non seulement la supériorité en matière de croissance internationale de l’intra-régionalisation par rapport à l’inter-régionalisation, mais aussi les mécanismes par lesquels les similitudes intra-régionales, les différences inter-régionales et le degré d’engagements internationaux s’interagissent pour faire évoluer la croissance des entreprises intra- et inter-régionales. Nos résultats apportent plusieurs contributions et implications de recherche à la littérature émergente de la régionalisation.
Mots-clés :
- Intra-régionalisation,
- Inter-régionalisation,
- Degré d’engagements internationaux,
- Croissance internationale,
- Différences inter-régionales et Similitudes intra-régionales
Abstract
Our research proposes to explore the relationship between the international firm growth and intra- regionalization vs inter-regionalization. We are developing a theoretical framework based primarily on the advantages and the liabilities of intra- and inter-regional geographic contexts. This theoretical framework helps to explain the international growth superiority of intra-regionalization over inter-regionalization, and furthermore, the mechanisms by which intra-regional similarities, inter-regional differences, and the degree of international commitments interact to drive the growth of intra- and inter-regional firms. Our findings provide several research contributions and implications for the emerging literature of regionalization.
Keywords:
- Intra-regionalization,
- Inter-regionalization,
- Degree of international commitments,
- International growth,
- Inter-regional differences and Intra-regional similarities
Resumen
Nuestra investigación explora la relación entre el crecimiento internacional de las empresas y la intrarregionalización versus la interregionalización. Desarrollamos un marco teórico basado principalmente en las ventajas y desventajas de los contextos geográficos intrarregionales e interregionales. Este marco teórico ayuda a explicar no sólo la superioridad en crecimiento internacional de la intrarregionalización sobre la interregionalización, sino también los mecanismos por los que las similitudes intrarregionales, las diferencias interregionales y el grado de compromisos internacionales interactúan para impulsar el crecimiento de las empresas intrarregionales e interregionales. Nuestros resultados aportan varias contribuciones e implicaciones de investigación a la emergente literatura sobre regionalización.
Palabras clave:
- Intrarregionalización,
- Interregionalización,
- Grado de compromisos internacionales,
- Crecimiento internacional,
- Diferencias interregionales y Similitudes intrarregionales
Parties annexes
Bibliographie
- Aguilera, R. V., Flores, R. G. & Vaaler, P. (2007). Is it all a matter of grouping? Examining the regional effect in global strategy research, IN S. B. Tallman (Ed), A new generation in international strategic management.Edward Elgar Publishing, Cheltenham, 209-228.
- Allen, L. & Pantzalis, C. (1996). Valuation of the operating flexibility of multinational corporations. Journal of International Business Studies, 27, 633-653. https://doi.org/10.1057/palgrave.jibs.8490147
- Arregle, J.-L., Beamish, P. & Hebert, L. (2009). The regional dimension of MNEs’ foreign subsidiary localization. Journal of International Business Studies, 40(1), 86-107.
- Arregle, J.-L., Miller, T., Hitt, M. & Beamish, P. (2013). Do regions matter? An integrated institutional and semiglobalization perspective on the internationalization of MNEs. Strategic Management Journal, 34(8), 910-934. https://doi.org/10.1002/smj.2051
- Asmussen, C. G. (2009). Local, regional or global? Quantifying MNE geographic scope. Journal of International Business Studies, 40, 1192-1205. https://doi.org/10.1111/j.2042-5805.2013.01055.x
- Asmussen, C. G. & Goerzen, A. (2013). Unpacking dimensions of foreignness: Firm-specific capabilities and international dispersion in regional, cultural, and institutional space. Global Strategy Journal, 3(2), 127-149. https://doi.org/10.1111/j.2042-5805.2013.01055.x
- Banalieva, E. R. & Santoro, M. D. (2009). Local, regional, or global? Geographic orientation and relative financial performance of emerging market multinational enterprises. European Management Journal, 27, 344-355. https://doi.org/10.1016/j.emj.2009.04.001
- Barkema, H. G. & Vermeulen, F. (1998). International expansion through start-up or acquisition: A learning perspective. Academy of Management Journal, 41(1), 7-26. https://doi.org/10.5465/256894
- Bartlett, C. A. & Ghoshal, S. (1989). Managing across borders – the transnational solution. Harvard Business School Press, Cambridge, MA.
- Buckley, P. J. & Ghauri, P. N. (2004). Globalisation, economic geography and the strategy of multinational enterprises. Journal of International Business Studies, 35, 81-98. https://doi.org/10.1057/palgrave.jibs.8400076
- Burt, S., Coe, N. M. & Davies, K. (2019). A tactical retreat? Conceptualising the dynamics of European grocery retail divestment from East Asia. International Business Review, 28(1), 177-189. https://doi.org/10.1016/j.ibusrev.2018.05.010
- Chan, C., Makino, S. & Isobe, T. (2006). Interdependent behavior in foreign direct investment: The multi-level effects of prior entry and prior exit on foreign market entry. Journal of International Business Studies, 37, 642-665. https://doi.org/10.1057/palgrave.jibs.8400216
- Contractor, F. J., Kundu, S. K. & Hsu, C.-C. (2003). A three-stage theory of international expansion: The link between multinationality and performance in the service sector. Journal of International Business Studies, 34, 5-18. https://doi.org/10.1057/palgrave.jibs.8400003
- Daamen, B., Hennart, J.-F., Kim, D.-J. & Park, Y.-R. (2007). Sources of and responses to the liability of foreignness: the case of Korean companies in the Netherlands. Global Economic Review, 36(1), 17-35. https://doi.org/10.1080/12265080701217165
- Delios, A. & Beamish, P. W. (2005). Regional and global strategies of Japanese firms. Management International Review, 45(1), 19-36. https://www.jstor.org/stable/i40037248
- Denis, J.-P. (2007). Danny Miller – L’approche configurationnelle : Une réponse aux paradoxes de la stratégie ? », In T. Loilier et A. Tellier, Les grands auteurs en stratégie. Editions EMS, 205-225.
- Flores, R., Aguilera, R. V., Mahdian, A., Vaaler, P. M. (2013). How well do supranational regional grouping schemes fit international business research models? Journal of International Business Studies, 44, 451-474. https://doi.org/10.1057/jibs.2013.16
- Ghemawat, P. (2003). Semiglobalization and international business strategy. Journal of International Business Studies, 34, 138-152. https://doi.org/10.1057/palgrave.jibs.8400013
- Goerzen, A. & Beamish, P. W. (2003). Geographic scope and multinational enterprise performance, Strategic Management Journal, 24(13), 1289-1306. https://doi.org/10.1002/smj.357
- Grant, R. M. (1987). Multinationality and performance among British manufacturing companies. Journal of International Business Studies, 18, 79-89. https://doi.org/10.1057/palgrave.jibs.8490413
- Hennart, J.-F. (1982). A theory of multinational enterprise, University of Michigan Press.
- Hillman, A. J. & Keim, G. D. (2001). Shareholder value, stakeholder management, and social issues: What’s the bottom line? Strategic Management Journal, 22(2), 125-139. https://doi.org/10.1002/1097-0266(200101)
- Hitt, M. A., Hoskisson, R. E. & Kim, H. (1997). International diversification: Effects on innovation and firm performance in product-diversified firms. Academy of Management Journal, 40(4), 767-798. https://doi.org/10.5465/256948
- Johanson, J. & Vahlne, J.-E. (1977). The internationalization process of the firm – A model of knowledge development and increasing foreign market commitment. Journal of International Business Studies, 8, 23-32.
- Johanson, J. & Vahlne, J.-E. (2009). The Uppsala internationalization process model revisited: from liability of foreignness to liability of outsidership. Journal of International Business Studies, 40(9), 1411-1431.
- Kim, H., Wu, J., Schuler, D. A. & Hoskisson, R. E. (2020). Chinese multinationals’ fast internationalization: Financial performance advantage in one region, disadvantage in another. Journal of International Business Studies, 51, 1076-1106. https://doi.org/10.1057/s41267-019-00279-9
- Kim, J. U. & Aguilera, R. V. (2015). The world is spiky: an internationalization framework for a semi-globalized world. Global Strategy Journal, 5, 113-132. https://doi.org/10.1002/gsj.1094
- Kim, M., Lampert, C. M. & Roy, R. (2020). Regionalization of R&D activities: (Dis)economies of interdependence and inventive performance. Journal of International Business Studies, 51, 1054‑1075. https://doi.org/10.1057/s41267-020-00314-0
- Kim, W. C., Hwang, P. & Burgers, W. P. (1993). Multinational’s diversification and the risk-return trade-off. Strategic Management Journal, 14(4), 275-286. https://doi.org/10.1002/smj.4250140404
- Kirca, A. H., Fernandez, W. D. & Kundu, S. K. (2016). An empirical analysis and extension of internalization theory in emerging markets: The role of firm-specific assets and asset dispersion in the multinationality-performance relationship. Journal of World Business, 51(4), 628-640. https://doi.org/10.1016/j.jwb.2016.03.003
- Kudina, A. (2012). Regional strategies, liability of foreignness, and firm performance. Multinational Business Review, 20(4), 331-351. https://doi.org/10.1108/15253831211286255
- Lee, S.-H. & Makhija, M. (2009). The effect of domestic uncertainty on the real options value of international investments. Journal of International Business Studies, 40, 405-420. https://doi.org/10.1057/jibs.2008.79
- Li, L. (2005). Is regional strategy more effective than global strategy in the US service industries? Management International Review, 45(1), 37-57.
- Lu, J. W. & Beamish, P. W. (2004). International diversification and firm performance: The S-curve hypothesis. Academy of Management Journal, 47(4), 187-209. https://doi.org/10.5465/20159604
- March, J. G. (1988). Variable risk preferences and adaptive aspirations. Journal of Economic Behavior & Organization, 9, (1), 5-24. https://doi.org/10.1016/0167-2681(88)90004-2
- March, J. G. (1991). Exploration and exploitation in organizational learning. Organization Science, 2(1), 11-47. https://doi.org/10.1287/orsc.2.1.71
- Miller, D. (1986). Configurations of strategy and structure: Towards a synthesis. Strategic Management Journal, 7(3), 233-249. https://doi.org/10.1002/smj.4250070305
- Miller, S. R., Lavie, D. & Delios, A. (2016). International intensity, diversity, and distance: Unpacking the internationalization–performance relationship. International Business Review, 25(4), 907-920. https://doi.org/10.1016/j.ibusrev.2015.12.003
- Nachum, L. & Wymbs, C. (2005). Product differentiation, external economies and MNE location choices: M&As in global cities. Journal of International Business Studies, 36, 415-434. https://doi.org/10.1057/palgrave.jibs.8400151
- Oh, C. H. & Contractor, F. (2014). A regional perspective on multinational expansion strategies: Reconsidering the three-stage paradigm. British Journal of Management, 25, 42-59. https://doi.org/10.1111/1467-8551.12019
- Oh, C. H., Sohl, T. & Rugman, A. M. (2015). Regional and product diversification and the performance of retail multinationals. Journal of International Management, 21, 220-234. https://doi.org/10.1016/j.intman.2015.04.002
- Osegowitsch, T. & Sammartino, A. (2008). Reassessing (home-)regionalization. Journal of International Business Studies, 39, 184-196. https://doi.org/10.1057/palgrave.jibs.8400345
- Penrose, E. (1959). The theory of the growth of the firm. New York, NY: Oxford University Press.
- Pierson, P. (2000). Increasing returns, path dependence, and the study of politics. American Political Science Review, 94(2), 251-267. https://doi.org/10.2307/2586011
- Prahalad, C. K. & Doz, Y. L. (1987). The multinational mission: Balancing global integration with local responsiveness. New York, NY.
- Qian, G., Khoury, T. A., Peng, M. W. & Qian, Z. (2010). The performance implications of intra- and inter-regional geographic diversification. Strategic Management Journal, 31(9), 1018-1030. https://doi.org/10.1002/smj.855
- Qian, G., Li, L. & Rugman, A. M. (2013). Liability of country foreignness: Their effects on geographic diversification and firm performance. Journal of International Business Studies, 44, p. 635-647. https://doi.org/10.1057/jibs.2013.21
- Ral-Trebacz, A. & Eckert, S. (2016). Performance effects of intra- and inter-regional expansion: the moderating role of firm-specific advantages. Problems and Perspectives in Management, 14(3), 8-20.
- Rosa, B., Gugler, P. & Verbeke, A. (2020). Regional and global strategies of MNEs: Revisiting Rugman & Verbeke (2004). Journal of International Business Studies, 51, 1045-1053. https://doi.org/10.1057/s41267-020-00347-5
- Rugman, A. M. & Verbeke, A. (2004). A perspective on regional and global strategies of multinational enterprises. Journal of International Business Studies, 35, 3-18. https://doi.org/10.1057/palgrave.jibs.8400073
- Rugman, A. M. & Verbeke, A. (2005). Towards a theory of regional multinationals: A transaction cost economics approach. Management International Review, 45(1), 5-17.
- Rugman, A. M. & Verbeke, A. (2007). Liabilities of regional foreignness and the use of firm-level versus country-level data: A response to Dunning et al. (2007). Journal of International Business Studies, 38, 200-205. https://doi.org/10.1057/palgrave.jibs.8400242
- Ruigrok, W., Georgakakis, D. & Greve, P. (2013). Regionalization strategy and performance – the moderating role of industry dynamism and top management team diversity. Multinational Business Review, 21(1), 6-24. https://doi.org/10.1108/15253831311309465
- Schumpeter, J. A. (1939). Business cycles. New York: McGraw-Hill
- Sevestre, P. (2002). Econométrie des données de panel, Dunod.
- Sorenson, O. & Baum, J. A. C. (2003). Editor’s introduction: Geography and strategy: The strategic management of space and place. Advances in Strategic Management, 20, 1-19. https://doi.org/10.1016/S0742-3322(03)20016-4
- Vahlne, J.-E. & Johanson, J. (2017). From internationalization to evolution: The Uppsala model at 40 years. Journal of International Business Studies, 48, 1087-1102. https://doi.org/10.1057/s41267-017-0107-7
- Verbeke, A. & Asmussen, C. G. (2016). Global, local, or regional? The locus of MNE strategies. Journal of Management Studies, 53(6), 1051-1075. https://doi.org/10.1111/joms.12190
- Wagner, H. (2004). Internationalization speed and cost efficiency: Evidence from Germany. International Business Review, 13(4), 447-463. https://doi.org/10.1016/j.ibusrev.2004.05.001
- Zahra, S. A., Ireland, R. D. & Hitt, M. A. (2000). International expansion by new venture firms: International diversity, mode of market entry, technological learning, and performance. Academy of Management Journal, 43(5), 925-950.