Part 1
With the rise of globalization, many firms have ventured into internationalization because of the wide playing field and the quest for bigger profit. There are many challenges to international expansion and firms have experienced advantages and disadvantages in their entry to new markets. Research has shown that international expansion influences organizational performance through economies of scale, exploitation of local endowments, knowledge sharing, and other mechanisms. However, there were studies that concluded a positive relationship between international expansion and corporate performance (Delios & Beamish; Goerzen & Beamish as cited in Jiang, 2010). Moreover, a few research focused on the effect of corporate ...