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国际化发展是大型企业生产经营中的重要战略行为,由于发达国家和新兴市场国家的大型企业国际化方式不同,因此其国际化程度与绩效的关系也随之不同。发达国家大型企业的绩效会随公司国际化程度不断加深,先后经历“下降—上升—下降”这三个阶段;新兴市场国家大型企业的绩效会随公司国际化程度不断加深,先后经历“上升—下降—上升”这三个阶段。此外,资源型跨国企业的曲线波动更加明显。本文通过跨国微观面板数据分析验证了该理论假设。
Internationalization is an important strategic act in the production and operation of large-scale enterprises. As the large-scale enterprises in developed countries and emerging market countries have different ways of internationalization, the relationship between internationalization and performance is also different. The performance of large-scale enterprises in developed countries will deepen with the internationalization of the company and successively experience three stages of “decline-increase-decline”; the performance of large-scale enterprises in emerging market countries will deepen with the internationalization of the company and successively experience “ ”Up - down - up " these three stages. In addition, the curves of resource-based MNCs have become more pronounced. This paper validates this theoretical hypothesis through cross-country micro-panel data analysis.