This paper seeks to add to the literature on regional factors that drive development of new ventures. In particular, it investigates the effects of business climate, foreign population and unemployment on new venture creation. Using state level data from the time period 2003–2007, we find that...

Despite rapid increase in cross-border acquisitions (CBAs), prior research has not examined ownership choice of foreign MNEs investing in the services sector in emerging economies. Drawing on multiple strands of literature, we posit acquirer's ownership choice (partial versus full acquisition)...

Purpose – The purpose of this paper is to focus on international acquisitions that took place in the insurance sector by US-based firms in the years 1997-2003 and their impact on shareholder wealth. Design/methodology/approach – The study sample is based on 52 international acquisitions in...

Reducing strategic risk has become an issue of paramount importance to corporations. One way to reduce such risk is through international operations. However, published research reports conflicting findings on the relationship between international operations and risk reduction. In addition, the...

This article investigates the relationship between product diversification and firm performance in the U.S. property-liability insurance industry using data over the 1994 through 2002 time period. Using various measures of product diversification and firm performance, we find that the extent of...

This article examines the proposition that MNCs from a particular country are likely to exhibit profile similarities that are distinct from those of MNCs emanating from another country due to differences in home country factors. We call this "country of origin effect" (COE). A generalized...

Foreign direct investment made by firms globally rose by 40 percent to $315 billion in 1995 compared with the previous year. In spite of the apparent importance of globalization, very little research has examined the factors with potential to influence the rate of internationalization of firms....

This study examines the impact of industry structure on the foreign direct investment (FDI) entry mode decisions by multinational enterprises (MNEs) in manufacturing industries. We explore the notion that firms would seek to balance the risks due to industry structural barriers and liabilities...

While anecdotal and research evidence exists supporting the difficulties faced by foreign firms in host nation environments due to liability of foreignness, it is clear that many foreign firms have been successfully operating in the U.S. over the years. This study seeks to understand the...