Relationship between Internationalization and Financial Performance: Evidence from ENR-Listed Chinese Firms

Wang, Ge; Zhang, Huijin; Xia, Bo; Wu, Guangdong; Han, Yilong

doi:10.1061/(asce)me.1943-5479.0000736

Cited by 48 publications

(28 citation statements)

References 86 publications

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“…Therefore, this study investigates the relationship between the degree of internationalization and firm performance and, consequently, whether or not firm performance may differ depending on the stages of the internationalization process under the S-shape. By using FEM and REM model to test this relationship, this current study's new contribution is to (a) find an inverse S-shape curve between DOI and manufacturing firm's performance, which is against the proposed new three-stage theory of international expansion by Contractor et al (2003)' emphasis on firm performance in the service sector, (b) test this theory using data from 90 manufacturing firms over the year , 2006, 2010, and 2017 shed new light on the growth of manufacturing firms by addressing differences among different barriers of the business environment in emerging economies, and (d) suggest that while prior studies have been descriptive, mainly depending on cross-sectional data, or using longitudinal data a panel data at the firm level used in this current study is scarce (Wang et al, 2020). Our empirical findings finally support the inverse S-shaped relationship between internationalization and firm performance.…”

Section: Introductionmentioning

confidence: 92%

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Internationalization and Firm Performance: Case of Manufacturing Enterprises in Ecuador

Tú¹,

Anh²

2021

RWE

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This paper aims to investigate the impact of internationalization on manufacturing enterprise performance in Ecuador. Using a panel data of 90 enterprises in Ecuador over the year 2003, 2006, 2010, and 2017 collected by the Worldbank Enterprises Survey project, with the Random Effects Model (REM) and the Fixed Effects Model (FEM), the regression result shows that the degree of internationalization (DOI) has a non-linear impact on firm performance under the inverse S-shaped curve. Besides that, the factors related to the business environment, such as bribery, access to finance, and skilled laborers' barriers, also negatively impact these firms' performance. The study's implication provides not only for firms but also for policymakers to support Ecuador businesses in the process of internationalization.

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Section: Introductionmentioning

confidence: 92%

“…The econometric model is built with 11 independent variables selected, which characterizes DOI, firm characteristics, business environment traits derived from prior studies such as Contractor et al (2003), Xiao et al (2013), Wang et al (2020) as follows:…”

Section: Model Specificationmentioning

confidence: 99%

Internationalization and Firm Performance: Case of Manufacturing Enterprises in Ecuador

Tú¹,

Anh²

2021

RWE

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“…USa's tool for streamlining workflows: U (understand) refers to uncovering/discovering/locating/identifying non-value-added steps in the process, then allocating costs, S (simplified) refers to the assumption or simulation redesigned and simplified workflow, a (behavior) refers to planning and implementing a new job flow (Wang et al, 2020). It is mainly used to pay suppliers, shut down production lines, reduce warranty claim costs, reduce inventory, etc.…”

Section: Operation (Usa)mentioning

confidence: 99%

Intermediary Management and Employee Corporate Culture Identification Mediation and Mediation Effect Verification

Liu

Xiong

et al. 2021

Front. Psychol.

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This exploration is mainly performed to study the role of corporate culture accepted by employees in enterprise development and its impact on employees themselves. First, the influence of employee participation, cross-cultural management, and corporate culture on the enterprise is realized through the relevant literature. Then, investigation and analysis are carried out with American I Industrial Group as the research object to determine the impact of cross-cultural management on mergers and acquisitions and organizational performance. The results show that the total impact of trust on reuse is 0.264 before mergers and acquisitions; the difference is not statistically significant, and so is the overall impact of mergers and acquisitions. This means that there is no correlation between trust and reuse. However, when the merger is done, the total effect of trust on reuse rises to 1.594, indicating that the difference and the total effect are statistically significant. The data calculation and analysis for the direct impact of trust on reuse and the indirect impact of trust on reuse are 0.667 and 0.926, respectively, which means that the difference is statistically significant. This proves the role of satisfaction in the impact of trust on reuse once mergers and acquisitions are completed. Therefore, in the process of mergers and acquisitions in the future, enterprises must consider the different cultures of employees and company locations and employee participation, which will further affect the organizational performance of enterprises.

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“…e important internal risks include payment delays; insufficient technical or personnel reserves; and inadequate equipment, safety, and environmental management. External risks include factor price changes and financial policy and economic environment changes [42].…”

Section: Cost Risk In Construction Project Supply Chainmentioning

confidence: 99%

Managing Cost-Based Risks in Construction Supply Chains: A Stakeholder-Based Dynamic Social Network Perspective

et al. 2020

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In construction projects, cost-related risks are challenges that need to be coped with. These cost-related risks interact with each other along with the project progress and involve different stakeholders, forming a stakeholder-cost risk network. Previous studies have discussed the stakeholder-cost risk network; however, few studies have considered its dynamic characteristics. Different from traditional methods, this study employed the social network analysis (SNA) to explore the key indicators of cost-related risks within the supply chain and identify the key risks and stakeholders across four project stages: the planning start-up stage, design preparation stage, construction period, and operations and maintenance period. From a horizontal point of view (i.e., network development process), the complexity of the stakeholder-cost risk network demonstrates a U-shaped development process during the project life cycle, ranging from simple to complex to simple. From a vertical point of view (i.e., network hierarchical characteristics), the important cost-based risks are diversified within each stage. The current study contributes to forming a better understanding of the stakeholder-cost risk network from a dynamic perspective as well as the crucial cost-based risks within each stage of the project. The findings provide implications for managers to better align cost-based risk intervention strategies, thereby facilitating the achievement of construction project success.

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Relationship between Internationalization and Financial Performance: Evidence from ENR-Listed Chinese Firms

Cited by 48 publications

References 86 publications

Internationalization and Firm Performance: Case of Manufacturing Enterprises in Ecuador

Internationalization and Firm Performance: Case of Manufacturing Enterprises in Ecuador

Intermediary Management and Employee Corporate Culture Identification Mediation and Mediation Effect Verification

Managing Cost-Based Risks in Construction Supply Chains: A Stakeholder-Based Dynamic Social Network Perspective

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