The Internationalization of Polish Firms: An Empirical Investigatin of the M-P Relationship

Grzegorz Karasiewicz () and Jan Nowak ()
Additional contact information
Grzegorz Karasiewicz: University of Warsaw, Faculty of Management
Jan Nowak: Tischner European University

No 22014, Faculty of Management Working Paper Series from University of Warsaw, Faculty of Management

Abstract: The purpose of this paper was to determine the nature of the relationship between multinationality and performance (M-P relationship) among Polish companies. It is based on a sample of over 300 Polish companies listed on Warsaw Stock Exchange, studied over two years (625 observations were used for statistical processing). Multiple regression and t-statistic analyses were applied to test three hypotheses. The dependent variable was company performance and the independent variable was the degree of company internationalization. A number of control variables were also incorporated in the regression models. The statistically significant results of the multiple regression analyses show that Polish companies experience a negative linear relationship between their degree of internationalization and performance for two variants of the dependent variable, and a non-linear, U-shaped relationship for one dependent variable. The results also show that companies operating on international markets achieve lower market-valuation results than their domestic counterparts, and companies with lower levels of multinationality perform better than those with higher levels of multinationality.

Keywords: international business; company internationalization; company performance; emerging markets; Poland (search for similar items in EconPapers)
JEL-codes: F23 L21 L25 M16 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2014-04
New Economics Papers: this item is included in nep-cse and nep-tra
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.wz.uw.edu.pl/portaleFiles/5630-Faculty% ... asiewiczNowak(1).pdf First version, 2014 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.wz.uw.edu.pl/portaleFiles/5630-Faculty%20of%20M/WP/WPS22014KarasiewiczNowak(1).pdf [301 Moved Permanently]--> http://wz.uw.edu.pl/portaleFiles/5630-Faculty%20of%20M/WP/WPS22014KarasiewiczNowak(1).pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sgm:fmuwwp:22014

Access Statistics for this paper

More papers in Faculty of Management Working Paper Series from University of Warsaw, Faculty of Management Contact information at EDIRC.
Bibliographic data for series maintained by ().