Title
Does ownership structure of emerging-market firms affect their outward FDI? : the case of the Indian automotive and pharmaceutical sectors
Description
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
URL
http://dx.doi.org/10.1057/jibs.2009.52
URL Description
Abstract
Language
English
Author
Sumon Kumar Bhaumik
Author
Nigel Driffield
Author
Sarmistha Pal

institutions; family firms; foreign investors; outward FDI; emerging-market MNEs; businesses

Volume number
41
Issue number
3
Is this item peer reviewed?
Yes
ISSN
0047-2506
Copyright URL
http://www.palgrave-journals.com/palgraveopen/index.html
Publisher
Palgrave Macmillan
Date of publication
01 January 2010
Number of pages
14
Page reference
437-450
Place of publication
Basingstoke
Is this item a pre-print or post-print?
Postprint
Title of journal
Journal of international business studies
Harvard
Kumar Bhaumik, Sumon et al (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 Basingstoke: Palgrave Macmillan.
Vancouver
Kumar Bhaumik Sumon et al. 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 2010; 41 (3): 437-450.