This paper analyzes the possible impact of innovation performance on internationalization and conducts an empirical analysis by selecting a sample of listed firms in the high-tech manufacturing industry from 2018 to 2021. It is found that innovation performance decreases internationalization, and the lower the innovation performance, the more aggressive the rhythm of firms' overseas expansion; the overseas experience of executives, executive compensation, and executive shareholding can significantly weaken the negative effect of firms' innovation perfor-mance on the rhythm of firms' overseas expansion.
机构:
Guangdong Polytech Normal Univ, Sch Finance & Econ, Guangzhou, Peoples R ChinaGuangdong Polytech Normal Univ, Sch Finance & Econ, Guangzhou, Peoples R China
Wu, Dan
Zheng, Panpan
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机构:
Wuhan Univ, Econ & Management Sch, Wuhan 430072, Peoples R ChinaGuangdong Polytech Normal Univ, Sch Finance & Econ, Guangzhou, Peoples R China