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International competition in mature, localized industries: Evidence from the U.S. furniture industry

机译:成熟的本地化产业中的国际竞争:来自美国家具业的证据

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摘要

This study explores the changes taking place in a mature localized industry, traditionally dominated by national players, when it faces the growing presence of international competition. The study is grounded in the resource-based view of the firm and integrated with prior work on international mobility barriers. Drawing on this work, several hypotheses are developed: (1) that resources associated with above average performance will change following the advent of foreign competition; (2) that domestic firms will inadequately transition to the newer valuable resources under a regime of increased foreign competition; and (3) following the entrance of foreign competitors, domestic firms' strategies will display higher levels of convergence. Empirical results, tested on a sample of firms from the U.S. furniture industry, are generally supportive of the hypotheses, although with some exceptions.
机译:这项研究探索了一个成熟的本地化行业所发生的变化,该行业传统上是由国家参与者主导的,因为它面对着国际竞争的日益增长。该研究基于公司基于资源的观点,并与有关国际流动障碍的先前工作相结合。利用这项工作,提出了以下几种假设:(1)随着外国竞争的到来,与高于平均水平的业绩相关的资源将发生变化; (2)在外国竞争加剧的制度下,国内公司将无法充分过渡到较新的有价值资源; (3)随着外国竞争者的进入,国内企业的战略将展现出更高的融合水平。尽管有一些例外情况,但对美国家具业公司的样本进行的实证结果通常支持该假设。

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