Author: David ByrnePublisher:
ISBN:
Category : Multiproduct firms
Languages : en
Pages : 106
Book Description
International Strategies of Multiproduct Firms
Author: David ByrnePublisher:
ISBN:
Category : Multiproduct firms
Languages : en
Pages : 106
Book Description
Scale, Scope, and the International Expansion Strategies of Multiproduct Firms
Author: Stephen R. YeaplePublisher:
ISBN:
Category : Economics
Languages : en
Pages : 0
Book Description
A growing literature seeks to understand how the characteristics of firms shape the manner in which they serve foreign markets. We consider an environment in which multiproduct firms can sell their products in multiple countries from multiple locations. We show that there are strong empirical regularities in the expansion strategies of U.S. multinational firms and that simple extensions of standard models do not explain these regularities. We augment these models by introducing a framework in which organizational capital is a scarce input within the firm that has to be allocated to particular products and production locations and show that the standard model, so amended, is consistent with the data. We then use the model to analyze the productivity effect of changes in international frictions both within and across firms.
Scale, Scope, and the International Expansion Strategies of Multiproduct Firms
Author: Stephen Ross YeaplePublisher:
ISBN:
Category : Economics
Languages : en
Pages :
Book Description
A growing literature seeks to understand how the characteristics of firms shape the manner in which they serve foreign markets. We consider an environment in which multiproduct firms can sell their products in multiple countries from multiple locations. We show that there are strong empirical regularities in the expansion strategies of U.S. multinational firms and that simple extensions of standard models do not explain these regularities. We augment these models by introducing a framework in which organizational capital is a scarce input within the firm that has to be allocated to particular products and production locations and show that the standard model, so amended, is consistent with the data. We then use the model to analyze the productivity effect of changes in international frictions both within and across firms.
Scale, Scope, and Tne International Expansion Strategies of Multiproduct Firms
Author: Stephen Ross YeapleProductivity and Strategies of Multiproduct Firms
Author: Globalization and multiproduct firms
Author: Volker NockePublisher:
ISBN:
Category : Business enterprises
Languages : en
Pages : 30
Book Description
We present an international trade model with multiproduct firms. Firms are heterogeneously endowed with two types of capabilities that jointly determine the trade-off within firms between managing a large portfolio of products and producing at low marginal cost. The model can explain many of the documented cross-sectional correlations in firm performance measures, including why larger firms are more productive and more diversified, and yet more diversified firms trade at a discount. Globalization is shown to induce heterogeneous responses across firms in terms of scope and productivity, some of which are consistent with existing empirical work, while others are potentially testable.
Firm Heterogeneity and Multiproduct Firms in International Trade
Author: Hong MaInternationalization Strategies of Multi-product Firms
Author: Daniel BaumgartenPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
High-performance firms typically have two features in common: i) they produce in more than one country and ii) they produce more than one product. In this paper, we analyze the internationalization strategies of multi-product firms at the product-level. We find that the most productive firms sell core varieties via foreign direct investment (FDI) and export products with intermediate productivity. Shocks to trade costs and technology affect the endogenous decision to export or produce abroad at the product-level and, in turn, the relative productivity between parents and affiliates.
Globalization and the Size Distribution of Multiproduct Firms
Author: Volker NockePublisher:
ISBN:
Category : Business enterprises
Languages : en
Pages : 0
Book Description
Product Versus Process
Author: Lisandra FlachPublisher:
ISBN:
Category : Diversification in industry
Languages : en
Pages : 45
Book Description
We investigate the effects of better access to foreign markets on innovation strategies of multi-product firms in industries with different scope for product differentiation. Industry-specific demand and cost linkages induce a distinction between the returns to innovation. In differentiated industries, cannibalization is lower and firms invest more in product innovation. In homogeneous industries, firms internalize intra-firm spillovers and invest more in process innovation. Using firm-level data and large exchange rate devaluations, we show that better access to foreign markets increases the incentive to innovate. However, we exploit differential effects across industries and show that the innovation strategies depend on the scope of differentiation.