Internationalization and Firm Performance: The case of the top 10 non-financial TNCs from South-East Europe

George Halkos and Nickolaos G. Tzeremes
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Nickolaos G. Tzeremes: University of Thessaly

South-Eastern Europe Journal of Economics, 2009, vol. 7, issue 1, 55-73

Abstract: Over the last 30 years researchers have examined the link between performance and the degree of internationalization, reporting inconsistent and contradictory results. This paper, by performing Data Envelopment Analysis (DEA), tries to contribute to the existing literature by investigating whether firms' internationalization levels have an impact on their performance. Using a sample of ten Transnational corporations from South-East Europe the paper provides information regarding their efficiency levels. Finally, using the "Transnationality Index" (TNI) provided by UNCTAD in order to capture the levels of internationalisation, our results reveal that there is a positive influence on firms' performance.

Keywords: Firm internationalization; Firm performance; Multinational corporations; Transnationality index; DEA (search for similar items in EconPapers)
JEL-codes: C61 C67 D21 M16 (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:seb:journl:v:7:y:2009:i:1:p:55-73

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