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2014 | WPS 2/2014 | 1-32
Article title

The internationalization of Polish firms: an empirical investigation of the M-P relationship

Content
Title variants
Languages of publication
EN
Abstracts
EN
The purpose of this paper was to determine the nature of the relationship between multinationality and performance (M-P relationship) among Polish companies. It is based on a sample of over 300 Polish companies listed on Warsaw Stock Exchange, studied over two years (625 observations were used for statistical processing). Multiple regression and t-statistic analyses were applied to test three hypotheses. The dependent variable was company performance and the independent variable was the degree of company internationalization. A number of control variables were also incorporated in the regression models. The statistically significant results of the multiple regression analyses show that Polish companies experience a negative linear relationship between their degree of internationalization and performance for two variants of the dependent variable, and a non-linear, U-shaped relationship for one dependent variable. The results also show that companies operating on international markets achieve lower market-valuation results than their domestic counterparts, and companies with lower levels of multinationality perform better than those with higher levels of multinationality
Year
Issue
Pages
1-32
Physical description
Dates
online
2014-04-12
Contributors
  • Warsaw University, Poland
author
  • Tischner European University, Poland
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Document Type
Publication order reference
Identifiers
ISSN
2300-4371
YADDA identifier
bwmeta1.element.desklight-5767f3c0-552f-4393-ba43-de0acad6c242
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