Next Article in Journal
Do Brands Matter in Unlisted Firms? An Empirical Study of the Association between Brand Equity and Financial Performance
Previous Article in Journal
Opening the “Black Box”. Factors Affecting Women’s Journey to Top Management Positions: A Framework Applied to Chile
Open AccessArticle

Internationalization and Performance of Vietnamese Manufacturing Firms: Does Organizational Slack Matter?

School of Business, International University-Vietnam National University, Ho Chi Minh City 700000, Vietnam
*
Author to whom correspondence should be addressed.
Adm. Sci. 2018, 8(4), 64; https://doi.org/10.3390/admsci8040064
Received: 1 October 2018 / Revised: 18 October 2018 / Accepted: 22 October 2018 / Published: 25 October 2018
This paper aims to investigate the three-stage theory of international expansion in the long run from the perspective of firm behavior. Although this topic has been mostly explored using data from developed countries, this paper aims to fill the research gap in an emerging market by using an extensive unbalanced panel data of 12,704 unlisted Vietnam manufacturing enterprises from the General Statistics Office during 2007 to 2012. The findings illustrated a significant S-shaped relationship between internationalization and performance. Notably, the results depict significantly moderating effects of both high-discretion slacks and low-discretion slacks on the internationalization–performance relationship across three stages of global expansion as an enterprise enhances this relationship in the first and third stage although this worsens it in the middle stage. The empirical results suggest that firms should determine the optimum level of internationalization and slacks in addition to balancing their costs with their real gains. View Full-Text
Keywords: internationalization; organizational slack; firm performance internationalization; organizational slack; firm performance
Show Figures

Figure 1

MDPI and ACS Style

Thi Ngoc Huynh, H.; V. Nguyen, P.; T. Tran, K. Internationalization and Performance of Vietnamese Manufacturing Firms: Does Organizational Slack Matter? Adm. Sci. 2018, 8, 64.

Show more citation formats Show less citations formats
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

1
Back to TopTop