The Coordination Effect of Two-Way Internationalization of Chinese Enterprises: A Dynamic Capabilities Perspective
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Abstract
China has entered a new phase of two-way internationalization, and examining the enabling effects and mechanisms of two-way internationalization coordination on enterprise performance is important for accelerating the construction of the dual-circulation development pattern. Based on dynamic capability theory and using textile enterprises as the research sample, this study investigates the micro-level effects of coordinated inward and outward internationalization. Empirical results show that two-way internationalization coordination provides enterprises with resource advantages in capital, technology, and information, thereby improving enterprise performance. At the same time, it strengthens dynamic capabilities, including sensing, integration, and reconfiguration capabilities. Dynamic capabilities serve as a key mechanism for improving enterprise performance and act as a mediating variable in the process through which two-way internationalization coordination affects business performance. The findings indicate that coordinated international resource acquisition and global market participation can enhance the adaptive capacity and performance of textile enterprises under complex external environments.
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