Corporate innovation and internationalization: Evidence from China

Fang Fang

Finance Research Letters, 2023, vol. 56, issue C

Abstract: This paper analyzes the possible impact of innovation performance on internationalization and conducts an empirical analysis by selecting a sample of listed firms in the high-tech manufacturing industry from 2018 to 2021. It is found that innovation performance decreases internationalization, and the lower the innovation performance, the more aggressive the rhythm of firms' overseas expansion; the overseas experience of executives, executive compensation, and executive shareholding can significantly weaken the negative effect of firms' innovation performance on the rhythm of firms' overseas expansion.

Keywords: Innovation performance; Internationalization; Moderating effect (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:56:y:2023:i:c:s1544612323004592

DOI: 10.1016/j.frl.2023.104087

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