국내기업 국제화 동인의 변화에 관한 연구: 글로벌 경제위기 이전과 이후 비교

The purpose of this study is to examine the main effects of internal and external factors on Korean firms’ internationalization and is to further investigate how the impact of internal factors for firm internationalization changes before and after the global economic crisis taking place in 2008. More specifically, we consider not only the external factors such as industry growth and industry competitive intensity, but also the internal factors such as R&D intensity, marketing intensity and CEO foreign experience. We propose that a negative relationship exists between industry growth and firm internationalization and also suggest that a positive relationship exists between industry competitive intensity and firm internationalization. We also argue positive relationships between internal factors and firm internationalization. Further, we suggest that the positive relationships between internal factors and firm internationalization become even stronger after the global economic crisis than before the economic crisis. Based on a database of 1101 firm-year observations involving 101 Korean manufacturing firms during the 2002-2012 periods, we found supports for most of our hypotheses. The results of this study offer a more comprehensive understanding of the motives why a firm increases or decreases international operation by comparing the changes in the antecedents of Korean firms’ internationalization pre and post the global economic crisis in 2008.