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Ownership structure, strategic controls and export intensity of foreign-invested firms in transition economies
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In this article, the authors examined the relationship between foreign ownership, managers' independence in decision-making and exporting of foreign-invested firms in five European Union accession countries, and showed that foreign investors' ownership and control over strategic decisions are positively associated with export intensity, measured as the proportion of exports to total sales.Abstract:
This paper examines the relationships between foreign ownership, managers' independence in decision-making and exporting of foreign-invested firms in five European Union accession countries. Using a unique, hand-collected data set of 434 foreign-invested firms in Poland, Hungary, Slovenia, Slovakia and Estonia, we show that foreign investors' ownership and control over strategic decisions are positively associated with export intensity, measured as the proportion of exports to total sales. The study also analyzes specific governance and control configurations in foreign-invested firms, showing that foreign equity and foreign control over business functions are complementary in terms of their effects on export intensity.read more
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Theoretical foundations of emerging economy business research
Klaus E. Meyer,Mike W. Peng +1 more
TL;DR: Theoretically into Central and Eastern Europe: Transactions, Resources, and Institutions as mentioned in this paper is a survey of the contributions of research in CEE to theoretical debates in business research, highlighting the need to develop a better understanding of the boundary conditions of scholarly theories of knowledge.
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Managing strategic alliances: what do we know now, and where do we go from here?
TL;DR: In this article, the authors discuss how firms can achieve success with any individual alliance by considering critical factors at each phase of the alliance life cycle, and how they can increase their overall alliance success by developing and institutionalizing firm-level capabilities to manage alliances.
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Linking theory and context: "strategy research in emerging economies" after wright et al. (2005)
Dean Xu,Klaus E. Meyer +1 more
TL;DR: The authors assess how this agenda has progressed in eight leading journals in the past decade, particularly during the five years following their review, with the aims to identify broad trends of theorizing, and to outline future research challenges.
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State-owned MNCs and host country expropriation risk: the role of home state soft power and economic gunboat diplomacy
TL;DR: In this paper, the authors argue that state-owned multinational corporations may counter the monopoly power of the host state by leveraging the political influence of their home government, depending on the strength of political relations between the home and host state, and the level of economic dependence on the host country on the home market.
Posted Content
Export Performance of Emerging Market Firms
Deeksha Singh,Deeksha Singh +1 more
TL;DR: In this paper, the authors investigate the export performance of firms from emerging economies based on resource-based view (RBV) of a firm and identify firm size, research and development expenditure, advertising expenditure and business group affiliation to be important antecedents of level of exporting activities.
References
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Legal Determinants of External Finance
TL;DR: The authors showed that countries with poorer investor protections, measured by both the character of legal rules and the quality of law enforcement, have smaller and narrower capital markets than those with stronger investor protections.
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Corporate Ownership Around the World
TL;DR: In this paper, the authors use data on ownership structures of large corporations in 27 wealthy economies to identify the ultimate controlling shareholders of these firms, and they find that, except in economies with very good shareholder protection, relatively few firms are widely held, in contrast to Berle and Means's image of ownership of the modern corporation.
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Investor Protection and Corporate Governance
TL;DR: In this article, the authors argue that the legal approach is a more fruitful way to understand corporate governance and its reform than the conventional distinction between bank-centered and market-centered financial systems, and discuss the possible origins of these differences, summarize their consequences, and assess potential strategies of corporate governance reform.
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The separation of ownership and control in east asian corporations
TL;DR: The authors examined the separation of ownership and control for 2,980 corporations in nine East Asian countries and found that voting rights frequently exceed cash-ow rights via pyramid structures and cross-holdings.
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Strategy in Emerging Economies
TL;DR: In this article, the authors examine strategy formulation and implementation by private and public enterprises in several different regional settings and from three primary theoretical perspectives: institutional theory, transaction cost economics, and the resource-based view of the firm.