THE INTERNATIONALIZATION-FIRM PERFORMANCE RELATIONSHIP: A META-ANALYSIS FOR MNCs

Authors : Muhammed Fatih Aydemir, Değer Alper

Pages : 896-926

Doi:10.17130/ijmeb.1458989

View : 131 | Download : 170

Publication Date : 2024-12-31

Article Type : Research Paper

Abstract :Numerous studies have been conducted to examine the internationalization-firm performance relationship. However, a definitive consensus has not yet emerged in the literature due to varying findings. Therefore, this study aims to examine the relationship between internationalization and firm performance through meta-analysis. The study analyzed data from 170 samples and 334,855 Multinational Companies (MNCs) obtained from SSCI and Scopus databases for published studies, and doctoral theses for unpublished studies, using the random effects model. The analysis revealed a significant, positive, and small combined effect size between internationalization and firm performance. The study found that financial leverage, sector, time period, research and development (R&D) intensity, home country development, and firm age were statistically significant as subgroup variables. However, unrelated product diversification, firm size, and advertising intensity were not statistically significant. It has been determined that the subgroup variables with a higher combined effect size are developed country MNCs, MNCs in the service sector, older MNCs, and MNCs with high financial leverage. It is also found that the combined effect size for MNCs is lower than before 2003.
Keywords : Uluslararasılaşma, Firma performansı, Finansal Performans, Meta-Analiz, ÇUŞ’lar

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