The relationship between product and international diversification: The role of experience
研究发现，企业过去的多元化经验决定了产品多元化与国际多元化增长之间的关系：经验丰富的企业两者正相关，经验不足的企业则负相关。
We establish prior diversification experience as a key determinant of the relationship between growth of product and international diversification. Prior diversification experience allows firms to overcome short‐run constraints on simultaneous diversification growth imposed by the difficulty to transfer tacit knowledge, ambiguous competencies, and limited absorptive capacity. Studying U.S. and European firms, we find a positive relationship between growth in product and international scope for firms with high and a negative one for those with little prior diversification experience. Further, we find that product diversification experience has greater impact than international diversification experience . Copyright © 2014 John Wiley & Sons, Ltd.