Fire and ice: The incompatible impact of industry-wide domestic patents and international standards on firm internationalization

IF 5.9 1区管理学 Q1 BUSINESS International Business Review Pub Date : 2023-10-01 DOI:10.1016/j.ibusrev.2023.102158

Netanel Drori , Niron Hashai , Joseph A. Clougherty

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Abstract

This study contributes to firm internationalization theory by identifying domestic patents and international standards as industry-level attributes that differently affect the ability of firms to internationalize. Firms operating in industries with extensive patenting enhance internationalization via technology-based competitive advantages that allow overcoming liabilities of foreignness (LOFs). Furthermore, firms operating in industries with extensive standardization enhance internationalization via the reduction of LOFs that manifest in transaction costs and information asymmetries. Yet operating in industries replete with both domestic patents and international standards raises challenges for internationalizing firms due to the incompatibility of these attributes with respect to LOFs, thus domestic patents and international standards yield a negative joint effect on firm internationalization. We test these priors by employing panel data on the internationalization of up to 4248 publicly-traded U.S. firms in the manufacturing sector over the 1997–2019 period.

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火与冰:全行业国内专利与国际标准对企业国际化的不相容影响

本研究通过确定国内专利和国际标准作为产业层面属性对企业国际化能力的不同影响，为企业国际化理论做出了贡献。在拥有广泛专利的行业中经营的企业通过基于技术的竞争优势来增强国际化，这种优势允许克服外国负债(LOFs)。此外，在具有广泛标准化的行业中运营的企业通过减少LOFs来增强国际化，LOFs表现为交易成本和信息不对称。然而，在既拥有国内专利又拥有国际标准的行业中运营，由于这些属性与lof不相容，为国际化企业带来了挑战，因此国内专利和国际标准对企业国际化产生了负面的联合效应。我们通过使用1997-2019年期间多达4248家美国制造业上市公司的国际化面板数据来检验这些先验。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Business Review BUSINESS-

CiteScore

14.10

自引率

6.90%

发文量

审稿时长

62 days

期刊介绍： The International Business Review (IBR) stands as a premier international journal within the realm of international business and proudly serves as the official publication of the European International Business Academy (EIBA). This esteemed journal publishes original and insightful papers addressing the theory and practice of international business, encompassing a broad spectrum of topics such as firms' internationalization strategies, cross-border management of operations, and comparative studies of business environments across different countries. In essence, IBR is dedicated to disseminating research that informs the international operations of firms, whether they are SMEs or large MNEs, and guides the actions of policymakers in both home and host countries. The journal warmly welcomes conceptual papers, empirical studies, and review articles, fostering contributions from various disciplines including strategy, finance, management, marketing, economics, HRM, and organizational studies. IBR embraces methodological diversity, with equal openness to papers utilizing quantitative, qualitative, or mixed-method approaches.