中小民营企业国际多元化与绩效关系研究:一个倒S型曲线

The Effects of International Diversification on Private SMEs' Performance:An Inverted-S Curve

企业国际多元化与绩效的关系是国际商务研究的一个核心问题。然而,针对中国企业的相关研究主要以大型企业为主,中小民营企业尚未得到足够重视。本文通过对中小民营企业的分析,发现国际多元化与企业绩效呈倒S型曲线关系,并据此提出了两个重要的权变因素:企业的风险规避行为和独特的内向国际化经验。本文完善了现有研究并提供了新的理论观点。最后本文做了针对性讨论。

The relationship between international diversification and performance is one of the core topics in the field of international business. In Chinese context,however,the related researches are underdeveloped,especially for private small and medium-sized enterprises（ SMEs）. Basing on the survey of 168 Chinese private SMEs,we find an inverted-S curve relationship between international diversification and performance. Therefore,two important factors may be underestimated in current literatures,i.e. inward international experience and their risk-avoiding intention. This paper contributes to the literature by finding supports from private SMEs rather than large firms.Implications and future directions are discussed at the end of the paper.