Abstract
In this study, a total of 924 enterprises and 15708 companies were used for listed companies in 2001-2017, and two industries were identified as scientific and technological industries and traditional industries from the research samples, among which 556,9452 (60.17%) were in the science and technology industry and 6256 in traditional industries. The proportion of total sales of overseas sales was regarded as the index of internationalization. The results demonstrated that the influence of internationalization of the technology industry on the performance of companies exhibited an inverse U relationship, and the traditional industry exhibited a positive U relationship. Moreover, the international degree of the science and technology industry was more than 71.68%. The strengthening of internationalization will exert a negative impact on the performance of a company. In addition, traditional industry was more dependent on the domestic market, international reaches 38.49%, and the party can accelerate a company's performance. This finding is ascribed to that the effect of internationalization on the performance of a company differs markedly as long as the degree of dependence of the two industries in the international market and the domestic market is different.
Highlights
Consensus among scholars regarding the concept of internationalization has never been reached, and broad definitions and operational definitions of the variable are divergent
Geringer et al (1989) adopted degrees of internationalization, Dess et al (1995) used the degree of international hyperkeratosis, Delios and Beamish (1999), Dess et al (1995) expressed internationalization in terms of regional hyperkeratosis and in terms of Grant (1987), and Kotabe et al (2002), a non-one used in addition to the noun, As a result, the measurement of variables is varied, some of which are measured by a single item, while others are measured by the establishment of a single indicator of multiple items
Five operational ways exist to measure the internationalization of enterprises according to performance attributes: (1) the proportion of overseas sales to total sales (FSTS); (2) research development intensity (RDI); (3) marketing intensity (AI); (4) the proportion of export sales to total sales (ESTS); and (5) and the proportion of overseas profits to total profits (FPTP)
Summary
Consensus among scholars regarding the concept of internationalization has never been reached, and broad definitions and operational definitions of the variable are divergent. Five operational ways exist to measure the internationalization of enterprises according to performance attributes: (1) the proportion of overseas sales to total sales (FSTS); (2) research development intensity (RDI); (3) marketing intensity (AI); (4) the proportion of export sales to total sales (ESTS); and (5) and the proportion of overseas profits to total profits (FPTP). Kafouros et al (2008), Hsu and Pereira (2008), Bae et al (2008), Gaur and Kumar (2009), Filatotchev and Piesse (2009), Brouthers It can be observed that most scholars have found that the higher is the degree of the internationalization of enterprises in each country, the greater is the positive impact on corporate performance, and can even achieve a U-shaped relationship. A few countries have no, or a negative, impact on the results
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