中国企业国际化水平对公司绩效影响研究

Research on the Influence of Internationalization Level on Company Performance in Chinese Listed Companies

党的十九大报告进一步明确了企业"走出去"的发展战略,"一带一路"战略提出为企业开拓国外市场提供资金支持,这是经济转型期的中国企业进一步发展国际化道路的重要契机。文章以2009-2016年中国制造业上市公司为研究对象,分析国际化水平对公司绩效的影响。进一步将样本公司所在地区国际化水平对公司绩效影响进行分析,得出三个地区国际化水平与公司绩效均呈U型关系,其中东部地区上市公司国际化水平对公司绩效影响比中西部地区明显,并对此提出相应的建议。

The party's 19 th congress further clarifies the company's strategy for going out of the country and "One Belt and One Road" strategy put forward to providing financial support for the enterprise expanding foreign markets, it is an opportunity to further develops internationalization road for the economic transition of Chinese enterprises. This study investigates the relationship between internationalization and firm performance using listed companies from 2009 to 2016. Further analyzes three regional internationalization in various areas has U-shaped relationship with firms performance. The eastern region of the internationalization level impact on firm performance significantly higher than other areas, and puts forward the corresponding countermeasures.