An Empirical Study on the Relationship between the Internationalization of China's Manufacturing Enterprises and the Managerial Performance

Applying the listing corporation sample of manufacturing enterprises in 2008,,this paper investigates the relationship between the internationalization of China's manufacturing and the business performance.After effectively controlling variables such as management features the weight of state-owned economy,the scale of enterprises and business risk,the study shows that the degree of the internationalization of the listed manufacturing companies has a faint positive influence on performance.But in the perspective of the independent accounting of the international degree from the depth and the breadth respectively,the paper shoes that the depth of internationalization has no significant influence on performance It shows that the international expansion modes of the competitive advantage gained from scale economy in the process of production and the scope economy in sale are still the realistic choice for the internationalization of manufacturing business.The negative influence of property structure on internationalization performance and the positive influence of managerial stockholding on internationalization performance find a way out for promoting internationalization performance of the state-owned holding companies.