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<p>This paper integrates learning advantages of newness theory and time compression diseconomies theory to investigate how internationalization process dimensions—scope, speed, and rhythm irregularity—influence overseas subsidiary survival rates, while examining the moderating effects of executives’ information processing capability and international operational capability. Drawing on an unbalanced panel of 217 firm-year observations from 48 born global firms listed on China’s SME Board, GEM (ChiNext), and STAR Market over 2011–2022, we employ fixed-effects panel regressions for analysis. Results indicate: (1) internationalization scope, speed, and rhythm irregularity each exhibits significant inverted U-shaped relationships with subsidiary survival rates, where moderate levels optimize survival by capitalizing on learning advantages, whereas excessive levels incur time compression diseconomies; (2) executive information processing capability strengthens these inverted U-shaped relationships across all dimensions by steepening the curves, primarily through delaying the onset of diseconomies to extend the positive learning phase and accelerating their escalation to exacerbate the negative diseconomies phase; (3) executive international operational capability strengthens the inverted U-shaped relationships for scope and speed by steepening the curves and shifting turning points rightward, with partial support for rhythm irregularity through a significant rightward shift in the turning point but no notable change in curvature. These findings underscore the distinct moderating roles of cognitive and experiential executive capabilities in delineating optimal internationalization boundaries for born global firms in emerging markets, particularly in deglobalizing contexts.</p>

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Internationalization Process Dimensions and Overseas Subsidiary Survival: Evidence from Born Global Firms in Emerging Markets

  • 期刊论文

  • 发表日期：

    2026年5月6日

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  • Weihong Chen,
  • Zhencong Zeng,
  • Kangni Yu

摘要

This paper integrates learning advantages of newness theory and time compression diseconomies theory to investigate how internationalization process dimensions—scope, speed, and rhythm irregularity—influence overseas subsidiary survival rates, while examining the moderating effects of executives’ information processing capability and international operational capability. Drawing on an unbalanced panel of 217 firm-year observations from 48 born global firms listed on China’s SME Board, GEM (ChiNext), and STAR Market over 2011–2022, we employ fixed-effects panel regressions for analysis. Results indicate: (1) internationalization scope, speed, and rhythm irregularity each exhibits significant inverted U-shaped relationships with subsidiary survival rates, where moderate levels optimize survival by capitalizing on learning advantages, whereas excessive levels incur time compression diseconomies; (2) executive information processing capability strengthens these inverted U-shaped relationships across all dimensions by steepening the curves, primarily through delaying the onset of diseconomies to extend the positive learning phase and accelerating their escalation to exacerbate the negative diseconomies phase; (3) executive international operational capability strengthens the inverted U-shaped relationships for scope and speed by steepening the curves and shifting turning points rightward, with partial support for rhythm irregularity through a significant rightward shift in the turning point but no notable change in curvature. These findings underscore the distinct moderating roles of cognitive and experiential executive capabilities in delineating optimal internationalization boundaries for born global firms in emerging markets, particularly in deglobalizing contexts.