The Effect of International Diversification on Sustainable Development: The Mediating Role of Dynamic Capabilities

被引：3
|
作者：
Wu, Hang [1 ]
Qu, Yiying [2 ]
Ye, Yong [3 ]
机构：
[1] Jiaxing Univ, Sch Econ, Jiaxing 314001, Peoples R China
[2] East China Univ Polit Sci & Law, Business Sch, Shanghai 200042, Peoples R China
[3] Taizhou Univ, Sch Business, Inst Publ Hlth & Emergency Management, Taizhou 318000, Peoples R China
来源：
SUSTAINABILITY | 2022年 / 14卷 / 15期
关键词：
international diversification; dynamic capabilities; sustainable performance; adaptive capability; innovation capability; economic performance; environmental performance; INNOVATION PERFORMANCE; EMPIRICAL-EXAMINATION; FIRM PERFORMANCE; GREEN INNOVATION; STRATEGY; IMPACT; MULTINATIONALITY; INVESTMENT; DIVERSITY; ENTRY;
D O I：
10.3390/su14158981
中图分类号：
X [环境科学、安全科学];
学科分类号：
08 ; 0830 ;
摘要：
International diversification has become a crucial measure for firms to realize sustainable development. However, previous studies have drawn inconsistent conclusions on the sustainable performance impact of international expansion. This paper examines the relationships among international diversification, capabilities, and sustainable performance. We provide a theoretical perspective of dynamic capabilities to uncover the impact mechanism of international diversification on firms' economic and environmental performance. Based on data from Chinese listed manufacturing firms operating overseas, the findings show that international diversification is significant for firms' sustainable development, and its effect on economic performance and environmental performance is mediated by adaptive capability and innovation capability. The implications for theoretical development and operating practice are discussed.
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页数：16
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