Does the Overseas D&D Strategy Promote the International Performance? ——An Empirical Study Based on the Upper Echelons Theory

Abstract

Abstract:

This paper uses the panel data of the listed companies of telecommunications equipment manufacturing in China from 2010 to 2015 to study whether the R&D internationalization can promote the international performance. The results reveal that the impact of depth strategy of overseas R&D on the international performance is significantly positive, while the impact of breadth strategy is not significant. The international experience of top management teams(TMT) not only has direct positive influence on the international performance, but also promotes the company's international performance through the depth and breadth of overseas R&D, and the depth and breadth of overseas R&D play a mediating role between TMT' international experience and international performance.

Key words: TMT' International Experience, Depth of Overseas R&D, Breadth of Overseas R&D, International Performance

摘要：

本文以2010～2015年我国电子通讯设备制造业上市公司的面板数据为样本,对研发国际化是否有助于开拓海外市场进行实证检验,并基于高层阶梯理论,进一步将海外研发战略的研究向前端延伸,探索了其在高管团队国际化经验与国际化绩效之间的中介作用机制。结果表明:海外研发深度显著正向影响企业的国际化绩效,而广度对企业国际化绩效的影响不显著。高管团队国际化经验既直接正向影响企业的国际化绩效,又通过海外研发深度和广度提升企业的国际化绩效,海外研发深度和广度战略在高管团队国际化经验与企业国际化绩效之间起中介作用。

关键词: 高管团队国际化经验, 海外研发深度, 海外研发广度, 国际化绩效

CLC Number:

F272.3

TANG Chunhui, SU Shengwei. Does the Overseas D&D Strategy Promote the International Performance? ——An Empirical Study Based on the Upper Echelons Theory[J]. , 2018, 34(9): 96-105.

唐春晖, 苏生威. 海外研发战略能提升企业国际化绩效吗?——基于高层阶梯理论的实证研究[J]. 财经论丛, 2018, 34(9): 96-105.

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