Based on first-mover advantage,diseconomies of time compression and essential conflict between them,hypothesized that international speed influences enterprise performance positively.Taking account of the fact that complexity,dynamics and hostility of international operation environment promote enterprises to foster dynamic ca-pabilities.It was hypothesized that dynamic capabilities moderate the above speed-performance relationships posi-tively.Multiple Linear Regression Models based on data of listed multinational manufacturing enterprises in A Stock Market of China support these hypotheses.Contributes useful thinking to relative researches about the influence of international speed to enterprise performance and dimensions of dynamic capabilities.