Study on Relationship between Degree of Internationalization and Business Performance of Resources Enterprise - Based on Dynamic Panel Data of Chinese Listing Resources Enterprises

Abstract

Abstract-Resources enterprises have played significant role in the strategy of 'going out' of internationalization of Chinese business. During the fast pace of internationalization of Chinese companies, there are plenty of successful cases. However, there are also some cases are absent of success with regarding to this, which indicate that there is significant disparity on performance of internationalization of Chinese business. This paper selected 40 listing resources enterprises samples which have continuous overseas sales revenue for 9 years and applied dynamic data analysis model for empirical study and analysis. The finding revealed that the relationship between the degree of internationalization of Chinese resources enterprise and business performance is the U-type relationship which is conductivity firstly decreased, and then increased with further internationalization.