The Study Of The Relationship Between Chinese Low-carbon Enterprise Internationalization And Business Performance

As a new point of the world economy, low-carbon economy is now widelyrecognized as a feasible solution of the gradually serious problems of the globalenvironmental pollution and energy shortages. Low-carbon economy has endoweda brand new perspective for the internationalization of Chinese enterprises, and itsdevelopment will boost the appearance and growth of the low-carbonenterprises, therefore, research on the internationalization of Chinese low-carbonenterprises is of great significance. Based on the listed low-carbon companies, therelationship between their internationalization and business performance areanalyzed in the paper, in order to find the right way for the internationalization ofChina’s low-carbon enterprises.Firstly, theories of internationalization and models of the relationshipbetween enterprise internationality and performance are reviewed. It reveals that,around the domestic and international academic circles, there are consensusneither on the measures of the degree of the internationalization or on the studiesof the relationship between internationalization and performance. Secondly, thenecessity of developing low-carbon economy in China and the current situation ofChinese low-carbon enterprises internationality is elaborated. Finally, on the basisof previous analysis, we propose the research hypothesis and research model forthe relationship between the internationality of Chinese low-carbon enterprise andoperating performance. Forty-four listed domestic companies of low-carbon platesfrom2009to2013are selected as the research samples to establish multivariateregression model between the degree of internationalization as the dependentvariable. The empirical results are proposed that at the present stage therelationship between the degree of internationalization of Chinese low-carbonenterprises and operating performance is negative when the rate of return on totalassets (ROA) are used as business performance indicators.In the context of economic globalization and low-carbon economy, the maingoals of the paper are to reveal the current problems of international operations in Chinese low-carbon enterprises, propose proper suggestions for the improvementof entire competitive capacity and operating performance, and provide referencesfor formulation of the relevant policies and regulations.