Corporate Internationalization And Performance

As economic globalization progresses, corporate internationalization has become one major strategy chosen by more and more enterpreneurs. With the rapid economic development in China for the past two decades, an increasing number of Chinese corporations venture to tap into the global market, resulting in the growing interests in the relations between corporate internationalization and performance in the academic circle. The prime question facing us is: what is the relation like between Chinese enterprises'corporate internationalization and performance? What degree of internationalization suits Chinese corporations best?This paper selected as research objects 421 manufacturing companies listed on the Shanghai and Shenzhen stock market, and carries out the empirical study on the Chinese manufacturing enterprise regarding the impact that corporate internationalization has on its performance.Firstly this paper makes an introduction on the concepts and theories about corporate internationalization as well as performance, and also systematically reviews the research that has already been done both at home and abroad on the relations between corporate internalization and performance. Then, based on the previous research, the author designs evaluation standards on the degree of corporate internationalization and performance in accordance with the specific situations of Chinese enterprises. After the empirical analysis of the impact that corporate internationalization has on its performance in manufacturing enterprises listed on A-share market through descriptive analysis, relevance analysis and regression analysis, the following conclusions are finally reached:(1)The degree of corporate internationalization does have an impact on the performance of Chinese manufacturing enterprises.(2)Different degrees of internationalization has different levels of impact on the enterprises'performance.(3)The internationalization in different industries have different levels of impact on improving the enterprises'performance. And different industry characteristics have different impact on such positive effect.Finally, based on the results of the empirical analysis, paper puts forward suggestions regarding the current situations of Chinese enterprises and sort out the sequence on the Chinese manufacturing enterprises which suit for multi-national operation most.