中国企业国际化与绩效关系研究

On Relation between Internationalization and Effect for China's Enterprises

文章在已有研究的基础上,选取了中国265家制造业上市公司为研究对象,分析企业国际化对企业绩效的影响。通过多元线性回归分析,结果表明:中国企业国际化与企业绩效呈现U型关系,在企业国际化发展初期,企业绩效会降低;随着企业国际化程度的提高,企业绩效开始增加,且参考了已有文献的做法,计算出了企业绩效最低点时,企业国际化程度为11.6%,这为企业跨国经营管理以及国家的政策开展提供一定的借鉴意义。

Based on data of 265 listed manufacturing companies, the paper makes an analysis on influence of internationalization of enterprises on their performance. By using multiple linear regression analysis, the research shows that there is U-style relation between internationalization and effect of enterprises. At its beginning period,enterprise's performanc would decrease, while with the enhance of internationalization level, it would increae. At the lowest point of the performance, the internationalization degree is 11.6%. This result is useful for management of enterprises and governments in working out policies.