Internationalization and performance: the role of state ownership

ABSTRACT

This article tests the influence of state ownership on internationalization–performance relationship based on Chinese listed manufacturing firms during 2001–2014. The empirical results show that, on average, the internationalization of Chinese firms is negative with performance and state ownership enhances the negative effects of internationalization on performance. The findings highlight the importance of firm-specific characteristics in the examination of the internationalization–performance relationship.

KEYWORDS:

• Internationalization
• performance
• Chinese firms
• state ownership

JEL CLASSIFICATION:

• F23
• D23
• M00

Disclosure statement

No potential conflict of interest was reported by the author.