Does internationalisation give firms a second life? Evidence from turnaround attempts of declining firms during performance decline

Authors

Xin Liang
Rongji Zhou
Jugang Yan
Sibin Wu, The University of Texas Rio Grande ValleyFollow

Document Type

Article

Publication Date

6-6-2023

Abstract

Based upon a sample of 97 US public firms that attempted turnaround from performance decline, we tested the influence of internationalisation on the outcomes of turnaround attempts of firms. We found that internationalised firms had a better chance to recover from performance decline than their domestic counterparts. In addition, the greater the degree of internationalisation, the better chance a firm would recover from performance drop. The chances of recovery do not demonstrate a tendency to decrease even as a firm moves into very high stages of internationalisation.

Comments

Copyright © 2023 Inderscience Enterprises Ltd. Original published version available at https://doi.org/10.1504/EJIM.2023.131369

Recommended Citation

Liang, X., Zhou, R., Yan, J. and Wu, S., 2023. Does internationalisation give firms a second life? Evidence from turnaround attempts of declining firms during performance decline. European Journal of International Management, 20(2), pp.216-237. https://doi.org/10.1504/EJIM.2023.131369

Publication Title

European Journal of International Management

DOI

https://doi.org/10.1504/EJIM.2023.131369