Learning, foreign operations and operating performance

Jittima Tongurai; Chaiporn Vithessonthi

doi:10.1016/j.gfj.2022.100721

Learning, foreign operations and operating performance

Jittima Tongurai, Chaiporn Vithessonthi

Research output: Contribution to journal › Article › Research › peer-review

4 Citations (Scopus)

Abstract

We study the effect of a firm's internationalization on operating performance using data on publicly listed non-financial firms in Japan during 1990–2019. The proportion of international firms in the sample has been around 30–40% during the sample period. We show that internationalization is not associated with operating performance. Our evidence shows that international firms do not perform better or worse than matched domestic firms with similar firm characteristics. We also find that the relation between international experience and operating performance is U-shaped. These results have wide-ranging implications for international investment strategies.

Original language	English
Article number	100721
Number of pages	18
Journal	Global Finance Journal
Volume	52
DOIs	https://doi.org/10.1016/j.gfj.2022.100721
Publication status	Published - May 2022
Externally published	Yes

Keywords

Internationalization
Japanese firms
Learning
Performance
Technology

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10.1016/j.gfj.2022.100721

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title = "Learning, foreign operations and operating performance",

abstract = "We study the effect of a firm's internationalization on operating performance using data on publicly listed non-financial firms in Japan during 1990–2019. The proportion of international firms in the sample has been around 30–40\% during the sample period. We show that internationalization is not associated with operating performance. Our evidence shows that international firms do not perform better or worse than matched domestic firms with similar firm characteristics. We also find that the relation between international experience and operating performance is U-shaped. These results have wide-ranging implications for international investment strategies.",

keywords = "Internationalization, Japanese firms, Learning, Performance, Technology",

author = "Jittima Tongurai and Chaiporn Vithessonthi",

note = "Funding Information: The authors are grateful to Ali M. Fatemi (the Editor), one anonymous referee, and participants at the 2021 Annual Meeting of the Academy of International Business-Southeast USA Chapter, Tallahassee, FL, USA for helpful comments and suggestions. We acknowledge financial support from the Graduate School of Business Administration, Kobe University . We also thank Olimpia Racela and Pattana Boonchoo for editorial assistance. The authors have no potential conflicts of interests related to the research in this paper. Publisher Copyright: {\textcopyright} 2022 Elsevier Inc.",

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doi = "10.1016/j.gfj.2022.100721",

language = "English",

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journal = "Global Finance Journal",

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AU - Vithessonthi, Chaiporn

N1 - Funding Information: The authors are grateful to Ali M. Fatemi (the Editor), one anonymous referee, and participants at the 2021 Annual Meeting of the Academy of International Business-Southeast USA Chapter, Tallahassee, FL, USA for helpful comments and suggestions. We acknowledge financial support from the Graduate School of Business Administration, Kobe University . We also thank Olimpia Racela and Pattana Boonchoo for editorial assistance. The authors have no potential conflicts of interests related to the research in this paper. Publisher Copyright: © 2022 Elsevier Inc.

PY - 2022/5

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N2 - We study the effect of a firm's internationalization on operating performance using data on publicly listed non-financial firms in Japan during 1990–2019. The proportion of international firms in the sample has been around 30–40% during the sample period. We show that internationalization is not associated with operating performance. Our evidence shows that international firms do not perform better or worse than matched domestic firms with similar firm characteristics. We also find that the relation between international experience and operating performance is U-shaped. These results have wide-ranging implications for international investment strategies.

AB - We study the effect of a firm's internationalization on operating performance using data on publicly listed non-financial firms in Japan during 1990–2019. The proportion of international firms in the sample has been around 30–40% during the sample period. We show that internationalization is not associated with operating performance. Our evidence shows that international firms do not perform better or worse than matched domestic firms with similar firm characteristics. We also find that the relation between international experience and operating performance is U-shaped. These results have wide-ranging implications for international investment strategies.

KW - Internationalization

KW - Japanese firms

KW - Learning

KW - Performance

KW - Technology

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DO - 10.1016/j.gfj.2022.100721

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SN - 1044-0283

VL - 52

JO - Global Finance Journal

JF - Global Finance Journal

M1 - 100721

ER -

Learning, foreign operations and operating performance

Abstract

Keywords

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