Facing global economic crisis: Foreign sales, ownership groups, and corporate value

Facing global economic crisis: Foreign sales, ownership groups, and corporate value

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 di...

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Main Authors: MA, Xufei, YIU, Daphne W., ZHOU, Nan
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2014
Subjects:
Foreign sales; Firm value; Global economic crisis; Ownership groups; Emerging markets
Marketing
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/7329
https://ink.library.smu.edu.sg/context/lkcsb_research/article/8328/viewcontent/Facing_global.pdf
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Institution: Singapore Management University
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spelling sg-smu-ink.lkcsb_research-83282023-11-10T07:39:39Z Facing global economic crisis: Foreign sales, ownership groups, and corporate value MA, Xufei YIU, Daphne W. ZHOU, Nan 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. 2014-01-01T08:00:00Z text application/pdf https://ink.library.smu.edu.sg/lkcsb_research/7329 info:doi/10.1016/j.jwb.2013.02.002 https://ink.library.smu.edu.sg/context/lkcsb_research/article/8328/viewcontent/Facing_global.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection Lee Kong Chian School Of Business eng Institutional Knowledge at Singapore Management University Foreign sales; Firm value; Global economic crisis; Ownership groups; Emerging markets Marketing
institution Singapore Management University
building SMU Libraries
continent Asia
country Singapore
Singapore
content_provider SMU Libraries
collection InK@SMU
language English
topic Foreign sales; Firm value; Global economic crisis; Ownership groups; Emerging markets
Marketing
spellingShingle Foreign sales; Firm value; Global economic crisis; Ownership groups; Emerging markets
Marketing
MA, Xufei
YIU, Daphne W.
ZHOU, Nan
Facing global economic crisis: Foreign sales, ownership groups, and corporate value
description 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.
format text
author MA, Xufei
YIU, Daphne W.
ZHOU, Nan
author_facet MA, Xufei
YIU, Daphne W.
ZHOU, Nan
author_sort MA, Xufei
title Facing global economic crisis: Foreign sales, ownership groups, and corporate value
title_short Facing global economic crisis: Foreign sales, ownership groups, and corporate value
title_full Facing global economic crisis: Foreign sales, ownership groups, and corporate value
title_fullStr Facing global economic crisis: Foreign sales, ownership groups, and corporate value
title_full_unstemmed Facing global economic crisis: Foreign sales, ownership groups, and corporate value
title_sort facing global economic crisis: foreign sales, ownership groups, and corporate value
publisher Institutional Knowledge at Singapore Management University
publishDate 2014
url https://ink.library.smu.edu.sg/lkcsb_research/7329
https://ink.library.smu.edu.sg/context/lkcsb_research/article/8328/viewcontent/Facing_global.pdf
_version_ 1783955653026381824

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