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| Impact of Innovation Ability on Born Global Firms' Performance |
| Zhang Xiaotao1,2,Li Jinghang2 |
| 1.Institute for Finance and Economics Research, Central University of Finance and Economics;2.School of International Trade and Economics, Central University of Finance and Economics, Beijing 100081, China |
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Abstract Innovation ability is an important feature of the production and operation activities of born global firms. According to the classic theory of internationalization, combined with the reality of Chinese enterprises' international development and searching high-quality public data from China's GEM listed companies, this paper demonstrates the influence of innovation ability on born global firms' performance. Innovation ability consists of R&D intensity, employees' education level, managers' oversea background and industry experience. It is found that R&D intensity does not have a positive effect on enterprise performance because the degree and quality of R&D investment translating into the production ability is low; employees' education level can promote the performance, for the human capital represented by high quality employees is an important source of enterprise competitiveness. Managers' industry experience has significantly positive effect on enterprise performance, but managers' oversea background presents opposite results. This is because the founder and leader of China's GEM listed companies generally have work or research experience in his industry for many years, familiar with the domestic and foreign market and technology situation, and overseas background managers may be unsuitable when facing the Chinese market.
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Received: 06 April 2017
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Corresponding Authors:
Zhang Xiaotao
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