The Impact of Internationalization on the Success of Western European Multinational Companies
The paper deals with the results of the study aimed at assessing the influence internationalization has on the performance of leading European transnational corporations (TNCs) approximated by their company value. The authors test a hypothesis that high level of international operations results in e...
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| Format: | Article |
| Language: | English |
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Russian Academy of Sciences, Institute of Europe
2024-12-01
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| Series: | Современная Европа |
| Subjects: | |
| Online Access: | http://www.sov-europe.ru/images/pdf/2024/6-2024/Sutyrin-6-24.pdf |
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| _version_ | 1849708497211490304 |
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| author | Sergey F. Sutyrin Natalia A. Navrotskaya Irina V. Vorobieva |
| author_facet | Sergey F. Sutyrin Natalia A. Navrotskaya Irina V. Vorobieva |
| author_sort | Sergey F. Sutyrin |
| collection | DOAJ |
| description | The paper deals with the results of the study aimed at assessing the influence internationalization has on the performance of leading European transnational corporations (TNCs) approximated by their company value. The authors test a hypothesis that high level of international operations results in extra competitiveness of the TNCs under review both domestically and in foreign markets. Data on about five dozen largest European non-financial companies from UNCTAD World Investment Reports for 2018‒2022 are in the focus of regression modeling analysis. The findings show no significant relationship between transnationality index changes and value of the companies under review. The authors provide some possible reasons associated with the regional peculiarities of European firms to explain the obtained results. |
| format | Article |
| id | doaj-art-0df80db9799544d694e284f41bfe5ca8 |
| institution | DOAJ |
| issn | 0201-7083 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Russian Academy of Sciences, Institute of Europe |
| record_format | Article |
| series | Современная Европа |
| spelling | doaj-art-0df80db9799544d694e284f41bfe5ca82025-08-20T03:15:38ZengRussian Academy of Sciences, Institute of EuropeСовременная Европа0201-70832024-12-01610011010.31857/S0201708324060093The Impact of Internationalization on the Success of Western European Multinational CompaniesSergey F. Sutyrin0Natalia A. Navrotskaya1Irina V. Vorobieva2Saint-Petersburg State UniversitySaint-Petersburg State UniversitySaint-Petersburg State UniversityThe paper deals with the results of the study aimed at assessing the influence internationalization has on the performance of leading European transnational corporations (TNCs) approximated by their company value. The authors test a hypothesis that high level of international operations results in extra competitiveness of the TNCs under review both domestically and in foreign markets. Data on about five dozen largest European non-financial companies from UNCTAD World Investment Reports for 2018‒2022 are in the focus of regression modeling analysis. The findings show no significant relationship between transnationality index changes and value of the companies under review. The authors provide some possible reasons associated with the regional peculiarities of European firms to explain the obtained results. http://www.sov-europe.ru/images/pdf/2024/6-2024/Sutyrin-6-24.pdfeuropean mncsinternationalizationtransnationalizationinternational businesscompany value |
| spellingShingle | Sergey F. Sutyrin Natalia A. Navrotskaya Irina V. Vorobieva The Impact of Internationalization on the Success of Western European Multinational Companies Современная Европа european mncs internationalization transnationalization international business company value |
| title | The Impact of Internationalization on the Success of Western European Multinational Companies |
| title_full | The Impact of Internationalization on the Success of Western European Multinational Companies |
| title_fullStr | The Impact of Internationalization on the Success of Western European Multinational Companies |
| title_full_unstemmed | The Impact of Internationalization on the Success of Western European Multinational Companies |
| title_short | The Impact of Internationalization on the Success of Western European Multinational Companies |
| title_sort | impact of internationalization on the success of western european multinational companies |
| topic | european mncs internationalization transnationalization international business company value |
| url | http://www.sov-europe.ru/images/pdf/2024/6-2024/Sutyrin-6-24.pdf |
| work_keys_str_mv | AT sergeyfsutyrin theimpactofinternationalizationonthesuccessofwesterneuropeanmultinationalcompanies AT nataliaanavrotskaya theimpactofinternationalizationonthesuccessofwesterneuropeanmultinationalcompanies AT irinavvorobieva theimpactofinternationalizationonthesuccessofwesterneuropeanmultinationalcompanies AT sergeyfsutyrin impactofinternationalizationonthesuccessofwesterneuropeanmultinationalcompanies AT nataliaanavrotskaya impactofinternationalizationonthesuccessofwesterneuropeanmultinationalcompanies AT irinavvorobieva impactofinternationalizationonthesuccessofwesterneuropeanmultinationalcompanies |