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XIAO SHUFENG,정인식 한국관세학회 2012 관세학회지 Vol.13 No.4
This study provides an exploratory research on global orientation by integrating the resource-, industry-, and institution-based views to investigate the determinants of global orientation, and examining the performance outcomes of firms’ global orientation in an emerging economy of China. Using the data of manufacturing firms in China, we found that various firm, industry, and institutional characteristics have significant effects on global orientation, which, in turn, significantly influenced their firm performance. As many Korean firms are increasingly forced to compete with Chinese firms both in China’s domestic market and international markets, the results of the study should be of interest to managers of Korean companies, and will dictate important guidelines for Korean exporters to target international markets and to better understand the importance of global orientation in this process.
A Missing Link in Going Global : How Emerging Economy Firms Can Compete Abroad?
XIAO SHUFENG 한국무역연구원 2013 무역연구 Vol.9 No.7
Integrating resource- and institution-based views as well as the agency theory, this paper examines the effect of international expansion on performance for emerging economy firms, and further explains the mechanisms through which emerging economy firms can better compete with global players in their international expansion process. Based on a sample of firms in China, the hypotheses were empirically tested. Findings revealed that these firms are more likely to benefit from a premium in their international expansion. It was also demonstrated that institutionally determined firm characteristics, namely, state ownership and CEO ownership, play an important role in moderating the performance outcomes of international expansion in emerging economy firms. The contribution of this research to the extant literature is seen through the enhancement of understanding as to whether international expansion matters for emerging economy firms and how these firms can better compete in international markets.