Abstract
We note that in the legal industry, socially constructed status may be an especially powerful type of firm position, and may also relate to internationalization through opening offices in new foreign markets. Hence, in this analysis we offer the first effort to simultaneously consider relationships between socially derived firm status and internationalization, and economic status and internationalization in a legal industry context. Specifically, we use longitudinal data on large US corporate law firms from 1984 to 2008. We find an inverted U-shaped relationship between social status and rate of internationalization. Additionally, we identify an inverted U-shaped relationship between economic status, or domestic market share, and rate of internationalization.
| Original language | English |
|---|---|
| Pages (from-to) | 127-145 |
| Number of pages | 19 |
| Journal | International Journal of the Legal Profession |
| Volume | 25 |
| Issue number | 2 |
| DOIs | |
| Publication status | Published - 2018 May 4 |
Bibliographical note
Funding Information:This work was supported by the Ministry of Education of the Republic of Korea and the National Research Foundation of Korea [NRF-2017S1A5A2A01025232].
Publisher Copyright:
© 2018 Informa UK Limited, trading as Taylor & Francis Group.
All Science Journal Classification (ASJC) codes
- Strategy and Management
- Law