Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1003343 | Journal of World Business | 2014 | 14 Pages |
Abstract
This study extends the research on internationalization to a new organizational context – emerging market firms (EMF), and a new time context – global economic crisis. We propose a U-shaped relationship between foreign sales intensity and firm value for EMFs during global economic crisis. Further, we distinguish between EMFs’ relational owners (i.e., business groups) and transactional owners (i.e., institutional investors) to investigate their different moderating effects. We find empirical support for our hypotheses using a sample of Chinese firms during the global economic crisis in 2008. Moreover, we provide research and practice implications.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Business and International Management
Authors
Xufei Ma, Daphne W. Yiu, Nan Zhou,