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Into the unknown: The extent and boldness of firms' international footprint
Global Strategy Journal ( IF 7.393 ) Pub Date : 2021-02-19 , DOI: 10.1002/gsj.1397
Gábor Békés 1, 2, 3 , Gabriel R. G. Benito 4 , Davide Castellani 5 , Balázs Muraközy 3, 6
Affiliation  

Firms make footprints as they internationalize. Going beyond simple measures of firms' internationalization, we conceptualize and measure the extent of a firm's international footprint as the number of location-mode combinations it is active in, whereas the boldness of the footprint shows how widespread (across modes and locations) firms' international activities are, compared to other firms with similar extent. Extent describes the complexity of international activities, and boldness captures the risk-taking associated with operating in less know contexts. Consistent with a microfoundations lens on global strategy, we find that boldness correlates with managerial risk-taking attributes, while the extent of internationalization strongly correlates with capabilities conducive to managing more complex operations. These measures offer a highly suitable tool for analyzing the relationship between internationalization and performance.

中文翻译:

进入未知领域:公司国际足迹的范围和大胆程度

公司在国际化过程中留下足迹。除了对公司国际化的简单衡量之外,我们将一家公司的国际足迹的范围概念化和衡量为它所活跃的位置模式组合的数量,而足迹的粗体显示了公司(跨模式和位置​​)的广泛程度国际活动与其他具有相似程度的公司相比。程度描述了国际活动的复杂性,而大胆则描述了与在鲜为人知的环境中运营相关的风险承担。与全球战略的微观基础视角一致,我们发现大胆与管理风险承担属性相关,而国际化程度与有利于管理更复杂业务的能力密切相关。
更新日期:2021-02-19
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