Notice of RetractionDegree of internationalization and firm performance — Evidence from China´s state-owned banks

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

The international business literature measures the link between the degree of internationalization (DOI) of a firm´s activities and its performance. The results of this literature are mixed. This study attempts to describe the relationship between DOI and firm performance and extends the analysis to banks by using the bank-level data of China´s five state-owned banks from the year of 1985–2009. DOI is measured by foreign assets/total assets(FATA) of 5 state-owned banks, bank performance is measured by return on assets (ROA). The results establish a positive, but weak relationship between DOI and bank performance. Then it discusses the policy implications of the analysis.