Search

Can Technological Innovation Promote Internationalization of Enterprises: Empirical Evidence Based on Chinese A-Share Listed Companies

Author(s)

Wang Siyi

Affiliation(s)

Jiangxi University of Finance and Economics, Nanchang, Jiangxi, China

Abstract

Technological innovation is not only an important manifestation of a company's core competitiveness, but also a key means for international expansion. This article takes Chinese A-share listed companies as samples to empirically test the impact and mechanism of technological innovation on corporate internationalization. Research has found that technological innovation can significantly promote the internationalization of enterprises. Mechanism testing shows that technological innovation can promote internationalization of enterprises by reducing information asymmetry and facilitating digital transformation. Further research has found that the positive effect of technological innovation on corporate internationalization is more pronounced in large-scale, state-owned, and non-overseas executive enterprises. Based on this, suggestions are made for the government and enterprises: the government should encourage enterprises to engage in technological innovation and formulate differentiated policies according to regional and enterprise characteristics; Enterprises should attach importance to the application of digital technology and adopt an internationalization strategy.

Keywords

Technological Innovation; Internationalization of Enterprises; Information Asymmetry; Digital Transformation

References

[1] Zhou Zejiang, Liu Zhongyan, and Umbrella Yao Can overseas returnee directors promote the internationalization of enterprises? [J]. Economic Management, 2017 (7): 104-119 [2] Yuan Ran, Wei Hao Overseas experience of executives and internationalization of Chinese enterprises [J] Finance and Trade Research, 2022 (5): 73-85 [3] Chang Zhongze, Jiang Ke, Wei Poetry Ballad Research on the Impact of Population Aging on Technological Innovation [J] Finance and Trade Research, 2022 (11): 55-68 [4] Zhang Shaofeng, Xu Mengsu, Zhu Yue, Wang Zeqiang Technological innovation, organizational resilience, and high-quality development of manufacturing enterprises [J] Technological Progress and Countermeasures, 2023 (13): 81-92 [5] Li Xuetong The Inclusive Effect of Financial Technology Innovation on the Development of Commercial and Trade Circulation Industry [J] Business Economics Research, 2021 (11): 13-16 [6] Zhou Yi, Zhang Wei Empirical Test of the Impact of Technological Innovation on Enterprise Performance [J] Statistics and Decision Making, 2022 (17): 170-174 [7] Wang Molin, Song Yuanyang, Yan Haifeng, Zhang Xiaoyu Research on the Impact of Digital Transformation on the Internationalization Breadth of Enterprises: The Mediating Role of Dynamic Capability [J] Foreign Economy and Management, 2022 (5): 33-47 [8] Lin Kaiyan The impact of technological innovation on the sustainable development of digital circulation: an analysis of the interaction between factor resource inputs [J] Business Economics Research, 2023 (1): 102-105 [9] Xu Wenjian Research on the spatial effects of technological innovation spillover on the digital transformation of the circulation industry [J] Business Economics Research, 2023, (19): 140-143 [10] Guo Ran, Yuan Yijun, Zhang Yongxin Internet development, technological innovation and international competitiveness of manufacturing industry: empirical analysis based on transnational data [J] Exploration of Economic Issues, 2021 (1): 171-180 [11] Wu Fei, Hu Huizhi, Lin Huiyan, etc Enterprise Digital Transformation and Capital Market Performance: Empirical Evidence from Stock Liquidity [J] Managing the World, 2021 (7): 130-144+10 [12] Ren Ge, Chen Weihong, Zhong Xi International experience of executives, environmental uncertainty, and the internationalization process of enterprises [J] Foreign Economics and Management, 2019 (9): 109-121 [13] Zhong Xi, Song Tiebo, Chen Weihong, Tang Yuanyou Promote or hinder? Research on the Impact of Board Capital on Corporate Internationalization Strategy [J] Science and Technology Management, 2018 (3): 77-91 [14] Yang Shenggang, Xie Jinyuan, Cheng Cheng Cross border e-commerce, supply chain optimization, and enterprise internationalization: empirical evidence based on big data text analysis [J] International Trade Issues, 2023 (10): 1-18 [15] Suhang, Zheng Lei, Mou Yifei Factor endowment and industrial upgrading of China's manufacturing industry: analysis based on WIOD and China Industrial Enterprise Database [J] Managing the World, 2017 (4): 70-79 [16] Ding Yifan, Cao Huiping Does social credit help promote digital transformation of enterprises? A quasi natural experiment based on the construction of China's social credit system Financial Development Research, 2024, (3): 10-21 [17] Bagheri M., Mitchelmore S., Bamiatzi V., et al.. Internationalization orientation in SMEs: The mediating role of technological innovation [J]. Journal of International Management, 2018 (1):121-139.