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首页> 外文期刊>European management journal >R&D internationalization, product diversification and international performance for emerging market enterprises: An empirical study on Chinese enterprises
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R&D internationalization, product diversification and international performance for emerging market enterprises: An empirical study on Chinese enterprises

机译：新兴市场企业的研发国际化，产品多元化和国际绩效：对中国企业的实证研究

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摘要

One motivation behind R&D internationalization for emerging market multinationals (EM MNEs) is to expand international markets. This paper analyzes whether the R&D internationalization of EM MNEs contributes to an improvement in international performance measured by foreign sales as a percentage of total sales (FSTS). Using panel data on China's listed companies, this paper introduces more scientific and normative indicators for measuring R&D internationalization in terms of geographic distribution (breadth) and overseas investment (depth). The results reveal an inverted U-shape relationship between R&D internationalization and international performance that is initially positive and eventually becomes negative. Product diversification has a significant moderating effect on the relationship between R&D internationalization breadth and international performance. (C) 2018 Elsevier Ltd. All rights reserved.
机译：新兴市场跨国公司（EM MNE）进行研发国际化的动机之一是扩大国际市场。本文分析了新兴市场跨国公司的研发国际化是否有助于改善以国外销售额占总销售额（FSTS）的国际绩效。本文使用有关中国上市公司的面板数据，介绍了更多科学和规范性的指标来衡量研发国际化的地域分布（广度）和海外投资（深度）。结果表明，研发国际化与国际绩效之间呈倒U型关系，这种关系最初是积极的，最终变成消极的。产品多样化对研发国际化广度与国际绩效之间的关系具有重大的调节作用。 （C）2018 Elsevier Ltd.保留所有权利。

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