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The multinationality-performance relationship: evidence from emerging economy multinational enterprises
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posted on 2023-06-09, 03:48 authored by Jinlong Gu, Yong Yang, Roger StrangeRoger StrangeThe literature on multinationality-performance relationship has been limited to multinational firms from developed economies, and previous studies generally disregard the effects of location and ownership structure. This paper seeks to explain this relationship in the emerging market context, highlighting the importance of location decisions and ownership structure. We use panel data that include 2258 multinationals from 25 emerging economies over a period of 2004-2013. We find a significant positive relationship between multinationality and performance. In particular, investment in developed countries rather than developing countries has a significant positive impact on firm performance. Private owned enterprise has a better performance in foreign markets than state owned enterprise. These results indicate that emerging markets firms can improve performance by investing abroad and the better location choice is developed countries. In addition, firms with different ownership structure should have different internationalisation strategies.
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Publication status
- Published
File Version
- Accepted version
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Presentation Type
- paper
Event name
Academy of International Business (AIB) 2016 Annual MeetingEvent location
New OrleansEvent type
conferenceEvent date
27-30 Jun 2016Department affiliated with
- Business and Management Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2016-10-31First Open Access (FOA) Date
2016-11-14First Compliant Deposit (FCD) Date
2016-11-14Usage metrics
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