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Corporate innovation and internationalization: Evidence from China

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  • Fang, Fang

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.

Suggested Citation

  • Fang, Fang, 2023. "Corporate innovation and internationalization: Evidence from China," Finance Research Letters, Elsevier, vol. 56(C).
    • Handle: RePEc:eee:finlet:v:56:y:2023:i:c:s1544612323004592
    DOI: 10.1016/j.frl.2023.104087
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    References listed on IDEAS

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