Industry globalization and the performance of emerging market firms: Evidence from China

Nitin Pangarkar and Jie Wu

International Business Review, 2012, vol. 21, issue 2, 196-209

Abstract: In this study, we explore the extent to which industry globalization affects the performance of firms in China, an emerging market. We focus on the period between 1996 and 2001 and track the globalization levels for six different Chinese industries as well as the performance of 166 public listed firms in these industries. The results validate our major premise: high levels of industry globalization positively impact the performance of Chinese firms. We also find that when their industries globalize, firms with slack resources experience greater performance improvement than other firms without these resources.

Keywords: Emerging market firms; Export intensity; Industry globalization; Import intensity; Organizational slack; Performance (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (5)

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DOI: 10.1016/j.ibusrev.2011.01.009

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