How do we capture "Global Specialization" when measuring firms’ degree of internationalization?

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dc.contributor.author	Geisler Asmussen, Christian	en_US
dc.contributor.author	Pedersen, Torben	en_US
dc.contributor.author	Petersen, Bent	en_US
dc.date.accessioned	2009-02-04T10:27:27Z
dc.date.available	2009-02-04T10:27:27Z
dc.date.issued	2005-11-22T00:00:00Z	en_US
dc.identifier.isbn	8791815088	en_US
dc.identifier.uri	http://hdl.handle.net/10398/7480
dc.description.abstract	The IB literature informs us of several ways to measure firms’ degree of internationalization. In this paper we make the argument that in fact none of the existing indices really measure firms’ degree of "global specialization", that is, to what extent their allocation of resources is multidomestic or global. As argued, all the existing measures may gauge a purely multidomestic firm as having a high degree of internationalization, whereas a truly global firm may be ranked low. In order to remedy this we introduce a complementary index measuring how firms are configuring their value chains – whether they are replicating value chain activities from country to country or locating them in globally specialized units in order to exploit an international division of labor. In addition to mathematical modeling and numerical examples, we examine the relevance of the new index of global specialization on data of Danish MNCs by looking at the correlation between the new global specialization index and existing indices of firms’ degree of internationalization. We find that the index is able to identify a distinct group of firms with significantly higher degrees of global value chain configuration. Key words: Internationalization, value chain, global configuration. JEL Codes: F02, F23, L22, L23	en_US
dc.format.extent	40 s.	en_US
dc.language	eng	en_US
dc.relation.ispartofseries	SMG Working paper;2005-007	en_US
dc.title	How do we capture "Global Specialization" when measuring firms’ degree of internationalization?	en_US
dc.type	wp	en_US
dc.accessionstatus	modt05nov22 miel	en_US
dc.contributor.corporation	Copenhagen Business School. CBS	en_US
dc.contributor.department	Center for Strategi og Globalisering	en_US
dc.contributor.departmentshort	SMG	en_US
dc.contributor.departmentuk	Center for Strategic Management and Globalization	en_US
dc.contributor.departmentukshort	SMG	en_US
dc.description.notes	Prepared for the EIBA 2005 Conference	en_US
dc.idnumber	8791815088	en_US
dc.publisher.city	København	en_US
dc.publisher.year	2005	en_US