Chinese multinationals’ fast internationalization: Financial performance advantage in one region, disadvantage in another

Heechun Kim (), Jie Wu (), Douglas A. Schuler () and Robert E. Hoskisson ()
Additional contact information
Heechun Kim: University of Calgary
Jie Wu: University of Macau
Douglas A. Schuler: Rice University
Robert E. Hoskisson: Rice University

Journal of International Business Studies, 2020, vol. 51, issue 7, No 3, 1076-1106

Abstract: Abstract Our study reveals the financial performance implications of the speed at which Chinese multinational enterprises (CMNEs) expand into intra-regional versus inter-regional host countries. In doing so, we propose a framework that integrates internationalization speed and home regionalization literatures. Using data from 767 publicly listed CMNEs from the years 2002 to 2014, we discover that the faster the intra-regional internationalization, the better the firm’s financial performance, whereas faster inter-regional internationalization demonstrates a poorer financial performance. We also find that fast-mover CMNEs’ technological and marketing resources are valuable in intra-regional host countries, but vulnerable in inter-regional host countries. We discuss the implications of these findings for studies of the Uppsala internationalization process model and regional MNEs.

Keywords: internationalization speed; fast-mover (dis)advantages; home regionalization; financial performance; Chinese multinational enterprises (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (24)

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DOI: 10.1057/s41267-019-00279-9

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