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International Diversification: Antecedents, Outcomes, and Moderators

Michael A. Hitt

Mays Business School, Texas A&M University, College Station, TX 77843, mhitt{at}mays.tamu.edu

Laszlo Tihanyi

Mays Business School, Texas A&M University, College Station, TX 77843

Toyah Miller

Mays Business School, Texas A&M University, College Station, TX 77843

Brian Connelly

Mays Business School, Texas A&M University, College Station, TX 77843

Pursuit of international markets and resources from foreign sources has increased dramatically during the past two decades, and the academic study of international diversification has increased concurrently. Reviewing the literature in management and related disciplines, the authors discuss recent findings of research on international diversification. A conceptual model groups key relationships, including antecedents, environmental factors, performance and process outcomes, moderators, and the characteristics of international diversification. The authors synthesize intellectual contributions, highlight unresolved issues, and provide recommendations for future research.

Key Words: international diversification • internationalization • globalization • multinational

Journal of Management, Vol. 32, No. 6, 831-867 (2006)
DOI: 10.1177/0149206306293575
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