Bhaumik, Sumon K., 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.
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.
Publication DOI: | https://doi.org/10.1057/jibs.2009.52 |
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Divisions: | College of Business and Social Sciences > Aston Business School > Economics, Finance & Entrepreneurship College of Business and Social Sciences > Aston Business School > Aston India Foundation for Applied Research College of Business and Social Sciences > Aston Business School |
Additional Information: | This is a post-peer-review, pre-copyedit version of an article published in Journal of International Business Studies. The definitive publisher-authenticated version Bhaumik, Sumon K.; 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. ISSN 0047-2506 is available online at: http://www.palgrave-journals.com/jibs/journal/v41/n3/abs/jibs200952a.html |
Uncontrolled Keywords: | institutions,ownership/control structures,family firms,foreign investors,outward FDI,emerging-market MNEs,Business and International Management,General Business,Management and Accounting,Economics and Econometrics,Management of Technology and Innovation,Strategy and Management |
Publication ISSN: | 1478-6990 |
Last Modified: | 06 Aug 2024 07:14 |
Date Deposited: | 11 Mar 2013 09:00 |
Full Text Link: |
http://www.palg ... ibs200952a.html |
Related URLs: |
http://www.scop ... tnerID=8YFLogxK
(Scopus URL) |
PURE Output Type: | Article |
Published Date: | 2010-04 |
Published Online Date: | 2009-10-29 |
Authors: |
Bhaumik, Sumon K.
(![]() Driffield, Nigel L. ( ![]() Pal, Sarmistha |