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Location choice, ownership structure and multinational performance
journal contribution
posted on 2023-06-09, 13:47 authored by Jinlong Gu, Yong Yang, Roger StrangeRoger StrangePurpose – This paper seeks to link location choice and ownership structure to the debate on the multinationality-performance relationship. Design/methodology/approach – This paper draws on a panel dataset that covers 1,321 emerging economy multinational enterprises (EMNEs) and includes 4,227 observations from 44 emerging economies between 2004 and 2013. Findings – In our empirical results, we find that multinationality has a positive effect on EMNEs’ performance, and that this positive effect is larger for their investments in developed countries than in developing countries. We also find that this positive effect of foreign operation in developed countries switch to negative at higher levels of multinationality for privately-owned EMNEs than for state-owned EMNEs. Originality/value – This paper provides new empirical evidence to support an institutional perspective of the internationalisation of EMNEs that are investing in developed countries, contributing to the multinationality-performance literature, highlighting the importance of FDI location decision and ownership structure.
History
Publication status
- Published
File Version
- Accepted version
Journal
Multinational Business ReviewISSN
1525-383XPublisher
EmeraldExternal DOI
Issue
3Volume
26Page range
250-276Department affiliated with
- Strategy and Marketing Publications
Full text available
- Yes
Peer reviewed?
- Yes
Legacy Posted Date
2018-06-15First Open Access (FOA) Date
2018-10-09First Compliant Deposit (FCD) Date
2018-06-15Usage metrics
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