Firm ownership and internationalisation: is it context that really matters? Online publication date: Sun, 31-Jan-2016
by Antonio Majocchi; Vincenza Odorici; Manuela Presutti
European J. of International Management (EJIM), Vol. 10, No. 2, 2016
Abstract: This paper considers the potential role played by different kinds of shareholders in a firm's international level, distinguishing the firms quoted in the UK from those listed in the countries of Continental Europe (France, Germany, Italy, Poland and Spain). Our results confirm that different kinds of ownership affect the overall level of a firm's internationalisation. Family ownership has a negative impact on foreign sales in the UK but not in Continental Europe, while bank ownership has a negative impact on the scope of FDI in Continental Europe but no impact whatsoever in the UK. Institutional investors positively impact the scope of both foreign sales and FDI in the UK, while in Continental Europe they have a negative impact on foreign sales. These different results contribute to explaining why previous studies that have focused on just one country or a single measurement of internationalisation have come up with such contrasting results.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the European J. of International Management (EJIM):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com