中文摘要：

本文基于资源基础理论和代理理论,探讨企业资源、所有权性质对国际化程度的影响。研究表明,企业资源对国际化程度有影响,并且知识资源比物质资源对国际化程度的影响更持久。具体而言,财务资源对国际化程度具有显著的正面影响,营销资源对国际化程度具有显著的负面影响,组织冗余与国际化程度呈U型关系。最后,基于中国特定的制度背景,本文提出并检验了所有权性质对于企业资源与国际化程度的关系具有调节作用的假说,发现与国有控股企业相比,非国有控股企业更偏好国际化战略,企业资源对国际化程度的影响更显著。

英文摘要：

Based on the resource-based view and the agency theory,this article analyzes the impacts of firm resources and ownership on internationalization.Empirical study indicates that firm resources have an important impact on internationalization,and knowledge-based resources generate longer-lasting influences on internationalization than property-based resources.Specifically,financial resources have a significant positive impact on internationalization while the effect of marketing resources is negative and significant;a U-shaped relationship exists between organizational slack and internationalization.At last,based on China＇s specific institutional environment,we propose and test that ownership moderates the relationship between financial resources and internationalization.The effects of firm resources on internationalization are stronger in non-state-holding enterprises than in state-holding enterprises.