Agric. Econ. - Czech, 2021, 67(1):21-32 | DOI: 10.17221/272/2020-AGRICECON

What is the impact of corporate governance on the food industry at different thresholds of internationalization? A reviewReview

Chun-Hsin Chou1, Joe-Ming Lee*,2, Ying-Maw Teng3, Hsiu-Ling Lee4
1 School of International Law, China University of Political Science and Law, Beijing, China
2 Department of Applied Economics, Fo Guang University, Yilan County, Taiwan
3 Department of International Business, I-Shou University, Kaohsiung City, Taiwan
4 Department of Accounting, I-Shou University, Kaohsiung City, Taiwan

This research analyzes the dynamic effects of corporate governance, research and development (R&D) innovation, and financial policy on firm business performance under different internationalization threshold structures in Taiwan's food industry during the 2008-2019 period. The results illustrate R&D innovation's negative impact on business performance and the collateralization ratio by directors also has a negative influence. Conversely, the findings reveal that by considering the internationalization threshold effect, at a level of high internationalization, firms have positive influences on R&D innovation, and financial policy has a positive influence on business performance.

Keywords: financial policy; food industry; internationalization threshold; R&D innovation

Published: January 29, 2021  Show citation

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Chou C, Lee J, Teng Y, Lee H. What is the impact of corporate governance on the food industry at different thresholds of internationalization? A review. Agric. Econ. - Czech. 2021;67(1):21-32. doi: 10.17221/272/2020-AGRICECON.
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