Internationalization and Firm Performance from the Perspective of Resource-based View: Evidence from Jiangsu Manufacturing Enterprises

Due to the endogeneity and multiformity of firm's internationalization strategy,the empirical research on the degree of internationalization and firm performance draw divergent results.This paper,through the resource-based view lens,examines the internationalization-performance relationship by regarding internationalization as an intervening mechanism that aids in the translation of firm resources into performance,and explores the different impact of two distinct internationalizing strategies by distinguishing the breadth and depth of internationalization.Based on a sample of 225 Jiangsu manufacturing enterprises,our empirical results show that those Jiangsu manufacturing enterprises with certain resources advantages can improve their performance by increasing their internationalization breadth,while the effect of internationalization depth on the performance is not obvious.Therefore,adopting market diversification to capture more market share is still the main way to achieve internationalization for most Jiangsu manufacturing enterprises.