Industry globalization and the performance of emerging market firms: Evidence from China

被引：21
|
作者：
Pangarkar, Nitin [1 ]
Wu, Jie [2 ]
机构：
[1] Natl Univ Singapore, NUS Business Sch, Singapore 117592, Singapore
[2] Univ Macau, Fac Business Adm, Taipa, Macau, Peoples R China
来源：
INTERNATIONAL BUSINESS REVIEW | 2012年 / 21卷 / 02期
关键词：
Emerging market firms; Export intensity; Industry globalization; Import intensity; Organizational slack; Performance; RESEARCH-AND-DEVELOPMENT; RESOURCE-BASED VIEW; COMPETITIVE INFLUENCES; STRATEGIES; SPILLOVERS; EFFICIENCY; CORPORATE; IMPACT; DIVERSIFICATION; DETERMINANTS;
D O I：
10.1016/j.ibusrev.2011.01.009
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this study, we explore the extent to which industry globalization affects the performance of firms in China, an emerging market. We focus on the period between 1996 and 2001 and track the globalization levels for six different Chinese industries as well as the performance of 166 public listed firms in these industries. The results validate our major premise: high levels of industry globalization positively impact the performance of Chinese firms. We also find that when their industries globalize, firms with slack resources experience greater performance improvement than other firms without these resources. (C) 2011 Elsevier Ltd. All rights reserved.
引用
收藏
页码：196 / 209
页数：14
相关论文
共 50 条
  • [1] Ownership structure and performance of firms: Empirical evidence from an emerging market
    Shah, Syed Zulfiqar Ali
    Butt, Safdar Ali
    Saeed, Mohammad Mohtasham
    [J]. AFRICAN JOURNAL OF BUSINESS MANAGEMENT, 2011, 5 (02): : 515 - 523
  • [2] Capital market internationalization and firms' ESG performance: Evidence from the inclusion of China A-shares in the MSCI Emerging Market Index
    Zhao, Panting
    Yao, Xin
    Shen, Rui
    [J]. ENERGY ECONOMICS, 2024, 133
  • [3] Foreign banks and the export performance of emerging market firms: Evidence from India
    Morgan, Horatio M.
    [J]. RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE, 2013, 29 : 52 - 60
  • [4] Ownership and operating performance in an emerging market: evidence from Thai IPO firms
    Kim, KA
    Kitsabunnarat, P
    Nofsinger, JR
    [J]. JOURNAL OF CORPORATE FINANCE, 2004, 10 (03) : 355 - 381
  • [5] Capital market liberalization and firms' OFDI performance: Evidence from China
    Han, Weihui
    Han, Lv
    Yang, Qingqing
    [J]. FINANCE RESEARCH LETTERS, 2024, 59
  • [6] Political Status and Tax Haven Investment of Emerging Market Firms: Evidence from China
    Deng, Ziliang
    Yan, Jiayan
    Sun, Pei
    [J]. JOURNAL OF BUSINESS ETHICS, 2020, 165 (03) : 469 - 488
  • [7] Political Status and Tax Haven Investment of Emerging Market Firms: Evidence from China
    Ziliang Deng
    Jiayan Yan
    Pei Sun
    [J]. Journal of Business Ethics, 2020, 165 : 469 - 488
  • [8] International expansion and firm performance in emerging market: evidence from China
    Wu, Dong
    Wu, Xiao-bo
    Zhou, Hao-jun
    [J]. CHINESE MANAGEMENT STUDIES, 2012, 6 (03) : 509 - 528
  • [9] Entrepreneurs' personal network usage and the performance of young firms: evidence from an emerging market
    Alnahedh, Mishari
    Alrashdan, Abdullatif
    [J]. WORLD JOURNAL OF ENTREPRENEURSHIP MANAGEMENT AND SUSTAINABLE DEVELOPMENT, 2021, 17 (04) : 711 - 728
  • [10] INTANGIBLE ASSETS AS FINANCIAL PERFORMANCE DRIVERS OF IT INDUSTRY: EVIDENCE FROM AN EMERGING MARKET
    Radonic, Milenko
    Milosavljevic, Milos
    Knezevic, Snezana
    [J]. E & M EKONOMIE A MANAGEMENT, 2021, 24 (02): : 119 - 135
12345