How does cross-border e-commerce reform influence corporate internationalization?

IF 6.9 2区 经济学 Q1 BUSINESS, FINANCE
Haitao Fan , Shouchao He , Lin Fang , Jinhuika Ying , Jianbin Wu
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引用次数: 0

Abstract

This study investigates the impact of China’s cross-border e-commerce reform (CBER) policy on corporate internationalization. Using a multi-period difference-in-differences approach and panel data from 2012 to 2022, we show that firms in CBER pilot zones significantly increase their internationalization level due to improved investment efficiency and reduced financial constraints. The effect is stronger in both private and traditional firms. These findings extend the institution-based view and internationalization theory by demonstrating how digital policy innovations influence firm strategy, offering practical insights for promoting cross-border e-commerce.
跨境电商改革如何影响企业国际化?
本研究探讨了中国跨境电子商务改革政策对企业国际化的影响。利用2012 - 2022年的面板数据和多期差中的差方法,我们发现CBER试验区的企业由于投资效率的提高和资金约束的减少而显著提高了国际化水平。这种效应在私营企业和传统企业中都更为明显。这些发现通过展示数字政策创新如何影响企业战略,扩展了基于制度的观点和国际化理论,为促进跨境电子商务提供了实践见解。
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来源期刊
Finance Research Letters
Finance Research Letters BUSINESS, FINANCE-
CiteScore
11.10
自引率
14.40%
发文量
863
期刊介绍: Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance
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