Series editor(s): Professor J. Jay Choi
Subject Area: Accounting and Finance
|Title:||Ownership Structure, Diversification Strategy, and Performance: Implications for Asian Emerging Market Multinational Enterprises|
|Volume:||7 Editor(s): J. Jay Choi, Reid W. Click ISBN: 978-0-7623-1392-1 eISBN: 978-1-84950-475-1|
|Citation:||Juichuan Chang (2006), Ownership Structure, Diversification Strategy, and Performance: Implications for Asian Emerging Market Multinational Enterprises, in J. Jay Choi, Reid W. Click (ed.) Value Creation in Multinational Enterprise (International Finance Review, Volume 7), Emerald Group Publishing Limited, pp.125-148|
|DOI:||10.1016/S1569-3767(06)07006-3 (Permanent URL)|
|Publisher:||Emerald Group Publishing Limited|
|Article type:||Chapter Item|
|Abstract:||The purpose of this study is to provide an integrated framework that conceptualizes multifaceted antecedents pertaining to international expansion of emerging market businesses in relation to firm performance. This paper develops multiple-item measures of multiple dimensions to clarify ownership structure and three diversification strategy relationships to performance. We test how ownership structure and diversification strategy affect emerging market multinational enterprises’ financial performance. The result shows that the relationship between ownership structure and firm performance is a nonlinear relationship (S shape). We also found that excessive international diversification, product diversification, and geographic scope of the expansion process negatively moderate the impact of Asia Pacific multinational enterprises’ performance.|
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