Browsing Working Papers (SMG) by Author "Petersen, Bent"
Now showing items 1-11 of 11
-
A Learning PerspectiveLyles, Marjorie A.; Pedersen, Torben; Petersen, Bent (København, 2005)[More information][Less information]
Abstract: The study explores how firms close their knowledge gaps in relation to business environments of foreign markets. Potential determinants are derived from traditional internationalization process theory as well as more recent literature on organizational learning processes, including the concept of absorptive capacity. Building on these two literature streams a conceptual model is developed and tested on a set of primary data of Danish firms and their foreign market operations. The empirical study suggests that factors considered essential in traditional internationalization process theory, such as experiential learning, explains only a very limited part of perceived knowledge gaps. When factors pertaining to the concepts of absorptive capacity and superstitious learning are added, the explanatory power improves significantly. Apparently, our understanding of firms’ internationalization processes can be enriched by insights from organizational learning literature. Key words: Internationalization, knowledge gap, absorptive capacity, superstitious learning. JEL Codes: D21, F23, M10 URI: http://hdl.handle.net/10398/7434 Files in this item: 1
cbs forskningsindberetning smg 26.pdf (671.8Kb) -
Insights for International Strategic ManagementBenito, Gabriel R.G.; Petersen, Bent; Welch, Lawrence S. (Frederiksberg, 2011)[More information][Less information]
Abstract: Companies’ choice of foreign operation modes (FOM) has been a core subject of international business studies basically from its beginning (Hymer, 1960 [1976]; Root, 1964). A halfcentury of research has brought us a set of established perspectives on companies’ foreign operation mode choices; the most important being the economics based approaches of internalisation and transaction cost theories (Anderson and Gatignon, 1986; Buckley and Casson, 1976; Hennart, 1982), evolutionary and resource based approaches (Andersen, 1997; Kogut and Zander, 1993; Madhok, 1997), institutional approaches (Kostova and Zaheer, 1999; Meyer and Peng, 2005), and process models based on learning and decision behaviour theories (Johanson and Vahlne, 1977, 2009).... URI: http://hdl.handle.net/10398/8363 Files in this item: 1
-
Geisler Asmussen, Christian; Pedersen, Torben; Petersen, Bent (København, 2005)[More information][Less information]
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 URI: http://hdl.handle.net/10398/7480 Files in this item: 1
cbs forskningsindberetning smg 27.pdf (650.3Kb) -
Geisler Asmussen, Christian; Pedersen, Torben; Petersen, Bent (København, 2005)[More information][Less information]
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 URI: http://hdl.handle.net/10398/7480 Files in this item: 1
cbs forskningsindberetning smg 27.pdf (650.3Kb) -
A Strategic Management Analysis on Activity‐levelØrberg Jensen, Peter D.; Petersen, Bent (Frederiksberg, 2011)[More information][Less information]
Abstract: In this exploratory study we look at human asset aspects of offshore outsourcing of services that over time become more advanced and strategic potent to the outsourcing firms. As a consequence, the outsourcing firms might want to internalize the operations. We focus on the ways that outsourcing firms may transfer key personnel of local service providers to whollyowned subsidiaries. We argue that a felt need for applying more powerful incentives on key personnel of the service provider ‐ to harness and empower the sourcing operation ‐ may in itself be a motive for, and key driver of, the internalization process. URI: http://hdl.handle.net/10398/8242 Files in this item: 1
SMG_Working Paper_1_2011.pdf (450.7Kb) -
Beugelsdijk, Sjoerd; Pedersen, Torben; Petersen, Bent (København, 2008)[More information][Less information]
Abstract: In this study we discuss and empirically test the assertion that over the last two decades multinational enterprises’ (MNEs’) configuration of value-adding activities has shifted from a sparse and simple (host-home) international division of labor among the foreign affiliates to a more specialized and ‘advanced’ global value chain configuration in which MNEs locate finesliced parts of the value chain at the most efficient locations. Using data on trade flows of U.S. affiliates in 56 host countries between 1983 and 2003 we find some indications of a trend in the direction of global value chain specialization. In particular among US affiliates in developing countries the proportion of host-host, intra-firm trade has increased significantly during the observed period of time. Conversely, the proportion of host-home and inter-firm trade has diminished. We interpret this as indicating both value chain disaggregation (vertical specialization) and MNEs’ systematic exploitation of factor cost differentials across countries. We also find that the absolute levels of all types of trade flows have increased. Hence, it is the relative, and not the absolute, changes in the trade flow patterns of US affiliates that gives credibility to the global value chain assertion. URI: http://hdl.handle.net/10398/7423 Files in this item: 1
smg wp 2008-24.pdf (286.7Kb) -
A theoretical perspectivePetersen, Bent; Welch, Lawrence S.; Benito, Gabriel R.G. (København, 2008)[More information][Less information]
Abstract: Internalisation theory informs us about why and when multinational enterprises (MNEs) internalise foreign operations, but has less to say about how the internalisation should be prepared and exercised when foreign market operations initially are carried out by local, outside agents. Drawing on insights from managerially-oriented literature, this paper explores the role of management in situations where the market transaction costs of using outside agents are negligible at market entry, but grow over time. A key question pertaining to this situation is: what management instruments may ensure persistent concurrence between changing pressure for internalisation in a foreign market and the effectuated internalisation of an MNE in that market? Management instruments and strategies that potentially support ‘staged internalisation’ include appropriation of the local outside agent’s financial assets (including equity) as well as non-financial assets in relation to user rights, customer relations, and value added activities. URI: http://hdl.handle.net/10398/7454 Files in this item: 1
smg wp 2008-07.pdf (436.9Kb) -
Hansen, Michael W.; Pedersen, Torben; Petersen, Bent (København, 2007)[More information][Less information]
Abstract: The paper addresses the question of which implications MNC strategies have to FDI linkage effects in developing countries. Two contrasting MNC strategies reflecting an integration-responsiveness dichotomy are scrutinized as to their job effects on local linkage partners in developing countries. It is hypothesized that compared to investments undertaken by MNCs following strategies of global integration, investments of MNCs pursuing local responsiveness create more jobs but imply less job upgrading in developing countries. The hypotheses are tested on a sample of Danish MNCs with extensive investments in developing countries. URI: http://hdl.handle.net/10398/7468 Files in this item: 1
-
Benito, Gabriel R. G.; Petersen, Bent; Welch, Lawrence S. (Frederiksberg, 2010)[More information][Less information]
Abstract: An enduring characteristic of extant literature on foreign operation modes is its discrete choice approach, where companies are assumed to choose one among a small number of distinctive alternatives. In this paper we use detailed information about the operations of six Norwegian companies in three key markets (China, UK and USA) as the basis for an exploration of the extent to which, and how and why, companies combine clearly different foreign operation modes. We examine their use of foreign operation mode combinations within given value activities as well as within given countries. The study reveals that companies tend to combine modes of operation; thereby producing unique foreign operation mode “packages” for given activities and/or countries, and that the packages are liable to be modified over time – providing a potentially important optional path for international expansion. Our data show considerable variation across cases; ranging from extensive use of mode combinations to a singular focus on a specific mode of operation. The study contributes to a refinement of our understanding of the path of internationalisation, and throws up a number of awkward theoretical questions about the process. URI: http://hdl.handle.net/10398/8219 Files in this item: 1
Benito_Petersen_Welch_SMG_WP_9_2010.pdf (237.6Kb) -
[More information][Less information]
Abstract: While the extant literature on offshore outsourcing deals with this operation mode in isolation, and typically with a focus on cost effects, we address the broader question of how companies choose and use outsourcing as part of foreign operation mode development and as a contributor to internationalization. We use a case study of the Danish company SimCorp and the development of its operations in Kiev, Ukraine, to show how learning in various forms, control concerns, and relations with foreign partners may interact and build momentum for mode change. SimCorp’s experience demonstrates that outsourcing can be used proactively to promote expanded international operations. URI: http://hdl.handle.net/10398/8360 Files in this item: 1
SMG WP 9_2011_Ny udg_28nov2011.pdf (144.2Kb) -
Hashai, Niron; Asmussen, Christian G.; Benito, Gabriel R. G.; Petersen, Bent (København, 2007)[More information][Less information]
Abstract: This paper expands entry mode literature by referring to multiple modes exerted in different value chain activities within and across host markets, rather than to a single entry mode at the host market level. Scale of operations and knowledge intensity are argued to affect firms’ entry mode diversity across value chain activities and host markets. Analyzing a sample of Israeli based firms we show that larger firms exhibit a higher degree of entry mode diversity both across value chain activities and across host markets. Higher levels of knowledge intensity are also associated with more diversity in firms’ entry modes across both dimensions. URI: http://hdl.handle.net/10398/7445 Files in this item: 1
smg wp 2007-003.pdf (676.1Kb)
Now showing items 1-11 of 11