Digitalization,internationalization, and firm performance: A resource-orchestration perspective on new OLI advantages |
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| Institution: | 1. University of Helsinki, Finland, P.O. BOX 27, Latokartanonkaari 5, FI-00014 Helsinki, Finland;2. Management and International Business, The University of Auckland Business School, Owen G Glenn Building - Bldg 260, Level 4, Room 486, 12 Grafton Rd, Auckland 1010, New Zealand;3. University of Vaasa - School of Accounting and Finance, P.O. Box 700, FIN-65101 Vaasa, Finland;4. University of Helsinki, Finland, P.O. BOX 27, Latokartanonkaari 5, FI-00014 Helsinki, Finland |
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| Abstract: | Digital forces and digital global connection weaken traditional ownership, location and internalization (OLI) advantages and intensify new OLI advantages (open resources, linkages and integration). However, by building on the resource-orchestration theory, we raise the question of how digitalization (utilization and orchestration of digital resources) and internationalization (firm-level outward internationalization and country-level inward internationalization) affect firm performance. We introduce the degree of outward internationalization and home-country inward foreign direct investment (FDI) inflows as moderators in achieving firm performance as a result of digitalization. Using a panel dataset of 571 U.S. manufacturing firms, we find a curvilinear relationship between digitalization and performance. The top quartile of digitalization efforts is rewarded by significant profitability. Moreover, high levels of outward internationalization and high net-FDI inflows increase the performance gains attributable to high levels of digitalization. Overall, the resource-orchestration theory complements new OLI advantages in explaining firm performance in the digital world. |
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| Keywords: | Digitalization Internationalization Performance Digital transformation Digital resources Resource orchestration Resource-based view New OLI advantages FDI spillovers OLI"} {"#name":"keyword" "$":{"id":"key0055"} "$$":[{"#name":"text" "_":"Ownership Location and Internalisation FDI"} {"#name":"keyword" "$":{"id":"key0065"} "$$":[{"#name":"text" "_":"Foreign Direct Investment CATA"} {"#name":"keyword" "$":{"id":"key0075"} "$$":[{"#name":"text" "_":"Computer-aided Text Analysis |
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