时间挤压不经济效应视角下的企业国际化与绩效关系：理论构建与实证研究

This proposed project aims to explore the complex mechanisms through which a firm's internationalization impacts upon its performance. It employs a large sample of Chinese enterprises with a view to transform the Chinese contextual idiosyncrasies into a unique opportunity of theoretical innovation through a dialogue between theory and practice. A major contribution lies in crafting and empirically testing a new theoretical framework entitled "Time compression dis-economies of internationalization" to examine the internationalization-performance nexus. The key premise of the new framework is as follows: owing to limited absorptive capacity firms are often unable to digest and effectively absorb their internationalization experience when it is overloaded within a short period of time, leading to negative effects of internationalization. Guided by this theoretical framework, the project examines some key dimensions of internationalization process including pace, rhythm, product scope and geographic reach, focusing particularly on how these parameters moderate the internationalization-performance relationship. By doing this, the project will demonstrate how the new framework perfectly fits the idiosyncrasies of Chinese firms which have been experimenting an unconventional path of internationalization - they are short of classic type of ownership advantage but nevertheless internationalize with an accelerated speed. The findings of the project will push forward the frontier of academic theorizing in internationalization behaviour, helping to shape new theories concerning emerging market enterprises' internationalization. On the practical side, the findings will not only provide convincing explanations for the failure of internationalization by many Chinese firms from new theoretical lenses but also carry important practical values for Chinese government to optimize policy options towards outward foreign direct investment.

本课题以中国企业为研究对象探讨国际化与绩效之间关系的复杂机理, 力图通过增强理论与实践的对话将中外情境差异转化为理论创新的机会。一个主要贡献在于创建并实证检验"国际化过程时间挤压不经济"这一分析国际化与绩效关系的新的理论框架。该理论的核心观点在于：中国企业由于受吸收能力的制约，在一定时间内超负荷国际化，无法有效消化和吸收国际化经历，最终影响国际化的绩效。在这一理论框架下，本课题着重分析国际化过程的若干关键维度，特别是国际化速度、节奏、产品范围和地理范围对于国际化与绩效关系的调节作用，论证"国际化过程时间挤压不经济"理论框架与缺少所有权优势的中国企业加速实现国际化的特质性具有高度的契合性。本课题研究成果将在理论上对企业国际化行为的前沿研究向更深层次延伸，为解释若干中国企业国际化失败的成因提供新的基础性理论分析视角和有力证据，并对中国政府优化对外投资的政策选择具有重要的参考价值。

课题以中国企业的特质性和独特的国际化经历为基本实践背景和理论创新源泉，整合国际化决定因素理论、国际化阶段理论、国际化新企业理论和国际化与绩效关系的理论，以国际化过程为新的研究视角，构建了新兴经济体企业“国际化过程时间挤压不经济”这一新的理论范畴，对中国企业国际化的成功与失败做出较为系统和深入的理论解释。课题超越研究国际化与绩效之间的直接关系，聚焦影响两者关系的黑箱因素，通过全面和深入考察，课题特别注重国际化过程中不同的战略选择、国际化节奏、海外进入方式以及国际化企业内外部制度和资源因素等对于二者关系的影响效果、机制和路径，从而对影响我国企业国际化与绩效的关系的决定因素给予准确的计量检验和经验回答。