 Internationalization and donations allocated to domestic market: Evidence from emerging market SMEsChao Zhou Research in International Business and Finance, 2025, vol. 75, issue C Abstract: This study investigates the effect of internationalization on the donations allocated to domestic markets in small and medium-sized enterprises (SMEs) from China. By adopting the resource dependence theory, we suggest that more internationalized firms are less dependent on the resources provided by stakeholders in the domestic market for survival, and therefore, are likely to donate less to domestic markets. Based on a sample of Chinese SMEs from 2008 to 2021, we find that internationalization negatively affects donations allocated to the domestic market, supporting the logic of the resource dependence theory. Moreover, our analysis reveals that host country characteristics, such as cultural distance, political risk, and economic growth, significantly strengthen this negative effect. This suggests that the host country context significantly impacts the relationship between internationalization and donations allocated to the domestic market among SMEs from emerging markets. Keywords: Internationalization; Corporate donation; Corporate philanthropy; SMEs; Resource dependence theory; Host country characteristics (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:riibaf:v:75:y:2025:i:c:s0275531925000431 DOI: 10.1016/j.ribaf.2025.102787 Access Statistics for this article Research in International Business and Finance is currently edited by T. Lagoarde Segot More articles in Research in International Business and Finance from Elsevier |
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