Corporate strategy in a small open economy: reducing product diversification while increasing international diversification

Lars Bengtsson

European Management Journal, 2000, vol. 18, issue 4, 444-453

Abstract: This study has investigated the changes in corporate strategy and performance in 20 large Swedish MNC's between 1985, 1994 and 1998. It has found a strong pattern of product focusing, increased internationalisation, and a strong increase in accounting-based performance. This development seems to be contrary to former empirical evidence, that international diversification pays off better for more product diversified firms than for less product diversified. This might be due to a country effect; Swedish MNC's having substantial international experience might have created unique internationalising capabilities compared to many other countries' large firms.

Keywords: MNC; Product; diversification; International; diversification; Product; focusing; International; expansion (search for similar items in EconPapers)
Date: 2000
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Citations: View citations in EconPapers (7)

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