Are the World's Largest Firms Regional or Global?. (20th January 2015)

• Record Type: Journal Article
• Authors: Berrill, Jenny
• Is Part Of: Thunderbird international business review. Volume 57:Number 2(2015)
• Page Start: 87
• Page End: 101
• Publication Date: 2015-01-20
• Subjects: Commerce -- Periodicals; International trade -- Periodicals; 382
• DOI: 10.1002/tie.21679
• Languages: English
• ISSNs: 1096-4762

Abstract

<abstract abstract-type="main" id="tie21679-abs-0001"> <title> <x xml:space="preserve">Abstract</x> </title> <p id="tie21679-para-0002"> <italic>There has been vigorous debate about whether the world's largest firms are regional or global in their operations and strategy. Some authors argue that global vision and strategy are essential for most firms in today's interconnected world, while others claim that even the largest multinational firms are mostly confined to their home regions—and that global strategy is a myth. Using a novel data set of over 1, 000 of the world's largest firms, we provide a new perspective on this debate. We show that these firms range from domestic to regional, transregional, and global, with the implication that global strategy is alive and well in international business. © 2015 Wiley Periodicals, Inc</italic>.</p> </abstract>