内容提要：本文采用结果整合式的 Meta 整合分析与原因探索式的 Meta 回归分析相结合的方法，以国际化－绩效的相关系数为效应值，对1987－2016 年的61 篇重要文献、涉及的116 个效应值、78440 个企业样本进行了定量研究，结论如下:应用 Meta整合方法合并已有经验分析结果得到的总体估计表明，国际化与绩效显著正相关；调节因素太多是导致国际化 －绩效关系研究结论不一的重要原因，因此本文进一步应用Meta 回归方法探索了11 种调节因素。这一定量文献研究不仅有助于解决现有理论争议、整合分析国际化绩效的研究进展，也有助于未来的理论探索、为进一步揭示两者关系机制奠定基础，同时提供了一个比较新颖全面的定量文献分析框架。

关键词：企业国际化；企业绩效；Meta 整合方法；Meta 回归方法

Internationalization and the Improvement of Firms Performance: A Study Based on Integrating Meta －analysis and Meta-regression Approaches

Chen Limin; Wang Xiaoxia

Abstract: It remains a long-standing dispute whether internationalization has positive or negative impacts on firm performance，and empirical results of this issue are so complicated and diversified. To answer these questions，we adopt Meta -analysis and Meta-regression approaches to conduct a quantitative literature study. The former approach is used to get an overall synthesis for existing empirical results，while the latter is to explore the moderators influencing main effect. We adopt the correlation coefficients as the Effect Sizes and choose 61 important relevant papers from 1987 to 2016，including 116 Effect Sizes and 78，440 observations，to conduct a thorough study for this controversial issue. The analysis shows that，in general，internationalization and performance are significantly positive correlated，strongly supporting the classical MNE theory. Moreover，the main reason behind highly diversified empirical results is too many moderators affecting the internationalization -performance relationship. Hence，we further apply Meta-regression techniques to explore the 11 main moderators from four aspects: variable operationalizations，sample firms，literature features，and research methods. This integrated method will not only unitize existing research progress and resolve current theoretical disputes，but also test theory hypotheses and throw light on further exploring about internationalization-performance relationship mechanism. Meanwhile，it provides a novel and feasible framework for comprehensive quantitative literature analyses.

Key words: internationalization；performance；Meta-analysis；Meta-regression；moderators

（该论文发表于武汉大学奖励期刊《世界经济》2017年第2期。）