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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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    1. Kong, Dongmin & Zhao, Ying & Liu, Shasha, 2021. "Trust and innovation: Evidence from CEOs' early-life experience," Journal of Corporate Finance, Elsevier, vol. 69(C).
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    Cited by:

    1. Lu, Gang & Miao, Yutian & Liu, Siyan & Wang, Jing, 2025. "Acceleration or deceleration? The impact of trade digitization on the speed of enterprise internationalization," Finance Research Letters, Elsevier, vol. 72(C).
    2. Fenghua Wen & Jinmei Ju, 2026. "Climate Risk Exposure and Corporate Internationalisation: Evidence From China," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 66(1), pages 695-721, March.
    3. Fu, Yanan & Wu, Xiaobo & Wang, Zhen, 2024. "Internationalization rhythm and innovation performance: The effects of internationalization speed, organizational slack, and competitive intensity," International Business Review, Elsevier, vol. 33(4).
    4. repec:bcp:journl:v:9:y:2025:i:11:p:3356-3366 is not listed on IDEAS

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