Multidimensional Internationalization Speed and Firm Performance: Evidence from the Indonesian Manufacturing

Susanto, Joseph and Marciano, Deddy and Herlambang, Arif (2021) Multidimensional Internationalization Speed and Firm Performance: Evidence from the Indonesian Manufacturing. In: Proceedings of the 18th International Symposium on Management (INSYMA 2021), May 27-28, 2021, on-line conference.

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Abstract

This study aims to determine the impact of multidimensional internationalization speed on firm performance on the manufacturing firm listed on the Indonesian Stock Exchange over the 2015-2019 period. The dependent variables in this study are return on assets and Tobin’s q, while the independent variables used are speed of change in the breadth of international markets, speed of change in international commercial intensity, and speed of change in the commitment of foreign resources. Then, control variables are firm size, firm age, rhythm, and regional concentration. This study used a multiple regression method to test the hypothesis consist of 43 Indonesian manufacturing firms. The number of observations used in this study was 215 observations at first by using classical. This study demonstrates that speed of change in the breadth of international markets has a positive but curvilinear effect on return on assets and has a negative but curvilinear effect on Tobin’s Q. Meanwhile, speed of change in international commercial intensity has a positive but curvilinear effect on return on assets and no significant effect on Tobin’s Q. Finally, speed of change in the commitment of foreign resources has a positive but curvilinear effect on both return on assets and Tobin’s Q.

Item Type:	Conference or Workshop Item (Paper)
Uncontrolled Keywords:	multidimensional, speed, internationalization, performance, TCD
Subjects:	H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions:	Faculty of Business and Economic > Department of Management
Depositing User:	Ester Sri W. 196039
Date Deposited:	26 Sep 2024 05:06
Last Modified:	26 Sep 2024 05:06
URI:	http://repository.ubaya.ac.id/id/eprint/47159

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