We theorize that firms simultaneously seek to balance their growth across both the geographic and product diversification domains. To achieve this balance, businesses commonly adopt a strategy of expanding an under-diversified direction at the expense of an over-diversified one. Accordingly, we...

The rise of FDI from emerging markets has become a focus of attention since the turn of the century. Over the past few years, firms from these markets have become major investors abroad, complementing their home countries‘ traditional role as recipients of FDI. To help understand this...

The policy and technological context within which FDI takes place has changed dramatically in the last two decades. Countries around the world have become more open to FDI, and revolutions in information and communications technology have lowered the costs of internationalization. As a result,...