“…We opted to measure risk management capabilities based on existing studies in the context of Chinese high-tech exporting and measured them reflectively using five indicators, drawn from those suggested by Mu et al (2014) and Wang and Zhao (2010), as shown in Table 2. To measure export performance, we used three indicators that were applied by Robertson and Chetty (2000): export intensity, defined as export sales as a percent of total sales (Boughanmi et al, 2007; Fenwick & Amine, 1979; Gil et al, 2022); export profitability (Bilkey, 1978, 1982; Christensen et al, 1987; Leung & Sharma, 2021); and export growth rate (Robertson & Chetty, 2000). In this study, export performance was measured using subjective information in place of objective data (Churchill & Peter, 1984; Gil et al, 2022) since it is not easy to obtain “hard” financial data from companies and it is impossible to publicly verify the accuracy of financial performance figures (Fiorito & LaForge, 1986; Sapienza et al, 1988).…”