The M Curve: The Performance of Born‐Regional Firms From Korea

Abstract

This paper utilizes a new data base on the international activities of small, new ventures in Korea to examine the impact of internationalization on firm performance. Main findings are two‐fold: first, the degree of internationalization by new ventures is related to firm performance in a non‐linear fashion with four phases resulting in the new M‐shaped curve; and, second, the internationalization of the new ventures in the home region of the triad moderates positively the non‐linear M‐shaped relationship between the two as their degree of internationalization increases.

Citation

Hyeock Lee, I. (2010), "The M Curve: The Performance of Born‐Regional Firms From Korea", Multinational Business Review, Vol. 18 No. 4, pp. 1-22. https://doi.org/10.1108/1525383X201000017