Abstract
Despite numerous efforts exploring the relationship between internationalization speed and performance, the conclusions remain inconsistent, especially for multinational enterprises from emerging markets (EMNEs). Using organizational slack and the ratios of foreign direct investments (FDIs) in developing countries as moderators, this study reexamines the impact of internationalization speed on firm performance. We collect data from 63 listed electronic firms in Taiwan to form panel data with 315 firm-years. The empirical results show that the speed of internationalization positively impacts firm performance. Organizational slack demonstrates a positive moderating effect on the relationship between internationalization speed and firm performance. However, the FDI ratio in developing countries negatively moderates the relationship between internationalization speed and firm performance. Our research framework and findings can contribute to existing internationalization speed literature and Asian business research.