IDEAS home Printed from https://ideas.repec.org/a/eee/finlet/v56y2023ics1544612323004592.html
   My bibliography  Save this article

Corporate innovation and internationalization: Evidence from China

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1544612323004592
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.frl.2023.104087?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    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).
    2. Popli, Manish & Raithatha, Mehul & Goyal, Lakshmi, 2022. "Avoiding the risk of de-legitimation: Impact of internationalization on earnings management of emerging market firms," Finance Research Letters, Elsevier, vol. 48(C).
    3. Singh, Sanjay Kumar & Mazzucchelli, Alice & Vessal, Saeedeh Rezaee & Solidoro, Adriano, 2021. "Knowledge-based HRM practices and innovation performance: Role of social capital and knowledge sharing," Journal of International Management, Elsevier, vol. 27(1).
    4. Jean-Luc Arregle & Francesco Chirico & Liena Kano & Sumit K. Kundu & Antonio Majocchi & William S. Schulze, 2021. "Correction to: Family firm internationalization: Past research and an agenda for the future," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 52(6), pages 1199-1199, August.
    5. Kong, Dongmin & Zhang, Bohui & Zhang, Jian, 2022. "Higher education and corporate innovation," Journal of Corporate Finance, Elsevier, vol. 72(C).
    6. Jiang, Xue & Li, Sai-Ping & Mai, Yong & Tian, Tao, 2022. "Study of multinational currency co-movement and exchange rate stability base on network game," Finance Research Letters, Elsevier, vol. 47(PA).
    7. Jain, Naveen Kumar & Pangarkar, Nitin & Yuan, Lin & Kumar, Vikas, 2019. "Rapid internationalization of emerging market firms—The role of geographic diversity and added cultural distance," International Business Review, Elsevier, vol. 28(6), pages 1-1.
    8. Tan, Yongxian & Tian, Xuan & Zhang, Xinde & Zhao, Hailong, 2020. "The real effect of partial privatization on corporate innovation: Evidence from China's split share structure reform," Journal of Corporate Finance, Elsevier, vol. 64(C).
    9. Jean-Luc Arregle & Francesco Chirico & Liena Kano & Sumit K. Kundu & Antonio Majocchi & William S. Schulze, 2021. "Family firm internationalization: Past research and an agenda for the future," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 52(6), pages 1159-1198, August.
    10. Dongmin Kong & Chen Lin & Lai Wei & Jian Zhang, 2022. "Information Accessibility and Corporate Innovation," Management Science, INFORMS, vol. 68(11), pages 7837-7860, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. 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).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hu, Xiaohua & Fei, Yulian, 2023. "Does the matching degree between data and human capital affect firm innovation?," Finance Research Letters, Elsevier, vol. 55(PB).
    2. Wu, Sihong & Chirico, Francesco & Fan, Di & Ding, Jiayan & Su, Yiyi, 2024. "Foreign market exit in family firms: Do historical military and cultural frictions matter?," Journal of World Business, Elsevier, vol. 59(1).
    3. Zhu, Bo & Wang, Yansen, 2024. "Does social trust affect firms' ESG performance?," International Review of Financial Analysis, Elsevier, vol. 93(C).
    4. Cao, Feng & Li, Sifei & Dai, Ming & Li, Jing, 2023. "Your heart is where your treasure is: Family chairman and tax avoidance in family-controlled firms," Journal of Business Research, Elsevier, vol. 154(C).
    5. Fernandez, Viviana, 2023. "Family entrepreneurship around the world," International Review of Financial Analysis, Elsevier, vol. 89(C).
    6. Yosra Mani & Lassaad Lakhal, 2023. "Internal social capital and entrepreneurial orientation in family firms: A double-edged sword," Journal of International Entrepreneurship, Springer, vol. 21(4), pages 505-549, December.
    7. Fourné, Sebastian P.L. & Zschoche, Miriam & Schwens, Christian & Kotha, Reddi, 2023. "Multinational family firms’ internationalization depth and breadth following the global financial crisis," Journal of World Business, Elsevier, vol. 58(3).
    8. Ning, Shuying & Lin, Zhiyang, 2023. "Effect of accounting information manipulation on innovation: Evidence from China," Emerging Markets Review, Elsevier, vol. 56(C).
    9. Angelo M. Solarino & Peter J. Buckley, 2023. "Equivalence in international business research: A three-step approach," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 54(3), pages 550-567, April.
    10. Kalhor Elham, 2024. "Institutional effects on family business internationalization: A systematic review," ZFW – Advances in Economic Geography, De Gruyter, vol. 68(1), pages 41-62.
    11. Lapeira, Maria & Samara, Georges & Kundu, Sumit & Kumaraswamy, Arun, 2024. "To export or to FDI? A configurational approach to family firm internationalization," Journal of World Business, Elsevier, vol. 59(2).
    12. Andrea Calabrò & James J. Chrisman & Liena Kano, 2022. "Family-owned multinational enterprises in the post-pandemic global economy," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 53(5), pages 920-935, July.
    13. Liu, Chen & Yang, Wei, 2023. "Does social insurance stimulate business creation? Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 79(C).
    14. Liu, Shasha & Kong, Dongmin & Zhang, Jian, 2024. "Air pollution-induced brain drain: Evidence from inventor mobility," International Review of Financial Analysis, Elsevier, vol. 91(C).
    15. Jinyong Chen & Weijia Shu & Xiaochi Wang & Muhammad Safdar Sial & Mariana Sehleanu & Daniel Badulescu, 2021. "The Impact of Environmental Uncertainty on Corporate Innovation: Empirical Evidence from an Emerging Economy," IJERPH, MDPI, vol. 19(1), pages 1-22, December.
    16. Sun, Bing & Yang, Xueting & Zhong, Shen & Tian, Shengnan & Liang, Tian, 2024. "How do technology convergence and expansibility affect information technology diffusion? Evidence from the internet of things technology in China," Technological Forecasting and Social Change, Elsevier, vol. 203(C).
    17. Bornhausen, Anna Maria, 2022. "Conceptualizing cross-country analyses of family firms: A systematic review and future research agenda," International Business Review, Elsevier, vol. 31(4).
    18. Pongelli, Claudia & Majocchi, Antonio & Bauweraerts, Jonathan & Sciascia, Salvatore & Caroli, Matteo & Verbeke, Alain, 2023. "The impact of board of directors’ characteristics on the internationalization of family SMEs," Journal of World Business, Elsevier, vol. 58(2).
    19. Francesco Debellis & Michele Pinelli & Marcel Hülsbeck & Anne Heider, 2023. "Ownership, governance, and internationalization in family firms: a replication and extension," Small Business Economics, Springer, vol. 61(4), pages 1437-1459, December.
    20. Jain, Apoorva & Thukral, Sonal & Paul, Justin, 2024. "Foreign market entry modes of family firms: A review and research agenda," Journal of Business Research, Elsevier, vol. 172(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:finlet:v:56:y:2023:i:c:s1544612323004592. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/frl .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.