Resource Allocation, Level of International Diversification, and Firm Performance
Completion requirements
Read this introduction to a resource-based approach toward international business that highlights topics like transaction costs theory and analytical models.
Table 1. Descriptive Statistics
| Obs. | Mean | Std. Dev. | Min | Max | |
|---|---|---|---|---|---|
| Diversification (Foreign Sales/Total Sales) |
1664 | 0.453 | 0.240 | 0.051 | 1.000 |
| Diversification (Foreign Assets/Total Assets) |
1415 | 0.408 | 0.215 | 0.050 | 0.992 |
| Return on Assets | 1664 | 0.060 | 0.063 | -0.204 | 0.300 |
| R&D Expenditure | 1664 | 0.040 | 0.043 | 0.000 | 0.423 |
| Capital Expenditure | 1664 | 0.058 | 0.379 | 0.004 | 0.390 |