英文摘要 |
This research constructs the dimension of internationalization based on the viewpoint markets and internalization to evaluate the relationship between internationalization and operating performance. We collect a panel data set for the period 1996 to 1990 to investigate whether or not the contribution of internationalization of firms’ performance has a structural change before and after the Asian financial crisis. Empirical results show that the market breath of sales and the international experience of top managers can effectively ease the impact resulted from the international shock; however, the international training of staffs can only contribute to a stable environment. Besides, debt ratios increase business risks, leading to decline on operating performance, while the Asian financial crisis does not significantly increase the burden of debt ratios on performance. |