Internationalization,Technological Innovation Capability And Corporate Performance

Due to the increasingly fierce international competition environment,the “One Belt and One Road” strategy implementation and the “going out” policy,more and more enterprises have begun to implement internationalization strategies,hoping to quickly occupy the international market and thus enhance their international competitiveness.After an enterprise enters the international market,it needs to have the corresponding ability to respond,and its own capacity building is particularly important.Innovation is the source of continuous progress in every country.The ability of enterprise technology innovation is also the core competence of enterprises,and the formation of technological innovation capability is an intensive process of knowledge and information,which needs to be based on continuously diversified resources.Then,can international expansion enhance corporate performance by acquiring diverse resources to enhance corporate technological innovation?Based on the above background,this paper takes the strategic emerging industry listed companies from 2010 to 2017 as a research sample,focusing on the relationship between internationalization level,technological innovation capability and corporate performance.Firstly,the research literature on internationalization level,technological innovation ability and enterprise performance is sorted out.Secondly,the metrics of internationalization degree,technological innovation ability and enterprise performance are determined.Research hypotheses and empirical models are proposed,and empirical tests are carried out.It shows that there is a direct negative impact relationship between the degree of internationalization and corporate performance;the degree of internationalization can positively affect the performance of enterprises through technological innovation capability,and the direct effect symbol of the influence of internationalization on corporate performance is opposite to the indirect effect symbol.It behaves as a "suppression effect." Finally,based on the conclusions,the policy recommendations are proposed to provide a theoretical basis for the implementation of the internationalization strategy of listed companies in strategic emerging industries.From the perspective of enterprise capability,this paper introduces the mediation variables of technological innovation ability,and integrates the degree of internationalization,technological innovation capability and enterprise performance into a unified analysis framework.The research conclusions enrich the research on internationalization and corporate performance,and also implement for other enterprises.The internationalization strategy provides the basis for decision making.