The Library
Does ownership structure of emerging-market firms affect their outward FDI? The case of the Indian automotive and pharmaceutical sectors
Tools
Bhaumik, Sumon , Driffield, Nigel L. and Pal, Sarmistha (2010) Does ownership structure of emerging-market firms affect their outward FDI? The case of the Indian automotive and pharmaceutical sectors. Journal of International Business Studies, 41 (3). pp. 437-450. doi:10.1057/jibs.2009.52 ISSN 0047-2506.
Research output not available from this repository.
Request-a-Copy directly from author or use local Library Get it For Me service.
Official URL: http://dx.doi.org/10.1057/jibs.2009.52
Abstract
This paper examines the impact of ownership structures of emerging-market firms, which are shaped by local institutions, on the decision of these firms to undertake outward FDI. Our results suggest that family firms and firms with concentrated ownerships (both ubiquitous in emerging markets) are less likely to invest overseas, and that strategic equity holding by foreign investors facilitates outward FDI. We conclude that organisational forms such as family firms, which are optimal outcomes of institutions prevailing in emerging markets, may be suboptimal in a changing business environment in which outward FDI is necessary for access to resources and markets.
Item Type: | Journal Article | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Subjects: | H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management |
||||||||||
Divisions: | Faculty of Social Sciences > Warwick Business School > Strategy & International Business Faculty of Social Sciences > Warwick Business School |
||||||||||
Library of Congress Subject Headings (LCSH): | Investments, Foreign -- Business management, Family-owned business enterprises -- Business management, Private equity -- Business management | ||||||||||
Journal or Publication Title: | Journal of International Business Studies | ||||||||||
Publisher: | Palgrave Macmillan Ltd. | ||||||||||
ISSN: | 0047-2506 | ||||||||||
Official Date: | April 2010 | ||||||||||
Dates: |
|
||||||||||
Volume: | 41 | ||||||||||
Number: | 3 | ||||||||||
Number of Pages: | 13 | ||||||||||
Page Range: | pp. 437-450 | ||||||||||
DOI: | 10.1057/jibs.2009.52 | ||||||||||
Status: | Peer Reviewed | ||||||||||
Publication Status: | Published | ||||||||||
Access rights to Published version: | Restricted or Subscription Access | ||||||||||
Funder: | Economic and Social Research Council (Great Britain) (ESRC) | ||||||||||
Grant number: | RES-062-23-0986 |
Request changes or add full text files to a record
Repository staff actions (login required)
View Item |