The impact of family ownership on establishment and ownership modes in foreign direct investment: The moderating role of corruption in host countries

The impact of family ownership on establishment and ownership modes in foreign direct investment:... Research Summary: In this study, we adopt a socioemotional wealth perspective to examine the influence of family ownership on foreign direct investment. When establishing foreign subsidiaries, firms with greater degrees of family ownership are more likely to engage in greenfield investment and full equity ownership in order to maintain family owners’ socioemotional wealth. Additionally, these relationships are more pronounced in countries with higher levels of corruption. In corrupt countries, greater control over foreign subsidiaries is necessary to restrict their corrupt behaviors, which can seriously damage the firm’s socioemotional wealth and destroy the reputation of the family owners. By using a dataset of foreign market entries by Japanese listed firms in the electronic machinery industry, we find general support for our hypotheses. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Global Strategy Journal Wiley

The impact of family ownership on establishment and ownership modes in foreign direct investment: The moderating role of corruption in host countries

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Publisher
Wiley Subscription Services, Inc., A Wiley Company
Copyright
Copyright © 2018 Strategic Management Society
ISSN
2042-5791
eISSN
2042-5805
D.O.I.
10.1002/gsj.1198
Publisher site
See Article on Publisher Site

Abstract

Research Summary: In this study, we adopt a socioemotional wealth perspective to examine the influence of family ownership on foreign direct investment. When establishing foreign subsidiaries, firms with greater degrees of family ownership are more likely to engage in greenfield investment and full equity ownership in order to maintain family owners’ socioemotional wealth. Additionally, these relationships are more pronounced in countries with higher levels of corruption. In corrupt countries, greater control over foreign subsidiaries is necessary to restrict their corrupt behaviors, which can seriously damage the firm’s socioemotional wealth and destroy the reputation of the family owners. By using a dataset of foreign market entries by Japanese listed firms in the electronic machinery industry, we find general support for our hypotheses.

Journal

Global Strategy JournalWiley

Published: Jan 1, 2018

Keywords: ; ; ; ;

References

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