Internationalization and Performance of Firms in China: Moderating Effects of Governance Structure and the Degree of Centralized Control
- Authors
- Xiao, Simon Shufeng; Jeong, Insik; Moon, Jon Jungbien; Chung, Chris Changwha; Chung, Jaiho
- Issue Date
- 6월-2013
- Publisher
- ELSEVIER
- Keywords
- Internationalization; Performance; China; Governance structure; Centralized government control
- Citation
- JOURNAL OF INTERNATIONAL MANAGEMENT, v.19, no.2, pp.118 - 137
- Indexed
- SSCI
SCOPUS
- Journal Title
- JOURNAL OF INTERNATIONAL MANAGEMENT
- Volume
- 19
- Number
- 2
- Start Page
- 118
- End Page
- 137
- URI
- https://scholar.korea.ac.kr/handle/2021.sw.korea/103072
- DOI
- 10.1016/j.intman.2012.12.003
- ISSN
- 1075-4253
- Abstract
- This study proposes necessary modifications to the existing internationalization-performance relationship to meet the idiosyncrasies of China-specific contexts. We first hypothesize an S-shaped internationalization-performance relationship as the baseline and then investigate the moderating effects of a firm's governance structure and the degree of centralized government control on the relationship between its internationalization and performance. The results, based on a longitudinal sample of manufacturing firms in China for the 2001-2007 period, indicate that (1) the S-shaped internationalization-performance relationship holds for firms in China; (2) the governance structure moderates the internationalization-performance relationship such that increased profitability through internationalization is more likely for modernized firms than for their conventional local counterparts; and (3) the degree of centralized control moderates the internationalization-performance relationship such that increased profitability through internationalization is more likely for firms affiliated with higher level governments than for those affiliated with lower-level governments. (C) 2013 Elsevier Inc. All rights reserved.
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Collections - Korea University Business School > Department of Business Administration > 1. Journal Articles
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