Publication Type
Journal Article
Version
publishedVersion
Publication Date
1-2014
Abstract
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.
Keywords
Foreign sales; Firm value; Global economic crisis; Ownership groups; Emerging markets
Discipline
Marketing
Research Areas
Strategy and Organisation
Publication
Journal of World Business
Volume
49
Issue
1
First Page
87
Last Page
100
ISSN
1090-9516
Identifier
10.1016/j.jwb.2013.02.002
Publisher
Elsevier
Citation
MA, Xufei; YIU, Daphne W.; and ZHOU, Nan.
Facing global economic crisis: Foreign sales, ownership groups, and corporate value. (2014). Journal of World Business. 49, (1), 87-100.
Available at: https://ink.library.smu.edu.sg/lkcsb_research/7329
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
https://doi.org/10.1016/j.jwb.2013.02.002