Proceedings of the 18th International Symposium on Management (INSYMA 2021)

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

Authors
Joseph. Susanto, Deddy Marciano, Arif Herlambang
Corresponding Author
Deddy Marciano
Available Online 29 June 2021.
DOI
https://doi.org/10.2991/aebmr.k.210628.010How to use a DOI?
Keywords
multidimensional, speed, internationalization, performance, TCD
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.

Copyright
© 2021, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 18th International Symposium on Management (INSYMA 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
29 June 2021
ISBN
978-94-6239-400-1
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.210628.010How to use a DOI?
Copyright
© 2021, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Joseph. Susanto
AU  - Deddy Marciano
AU  - Arif Herlambang
PY  - 2021
DA  - 2021/06/29
TI  - Multidimensional Internationalization Speed and Firm Performance: Evidence from the Indonesian Manufacturing
BT  - Proceedings of the 18th International Symposium on Management (INSYMA 2021)
PB  - Atlantis Press
SP  - 52
EP  - 58
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210628.010
DO  - https://doi.org/10.2991/aebmr.k.210628.010
ID  - Susanto2021
ER  -