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| Author: | Douma, S. George R. Kabir, R. |
| Title: | Foreign and domestic ownership, business groups and firm performance: evidence from a large emerging market |
| Journal: | Strategic Management Journal
2006 : OCT, VOL. 27:7, p. 637 657 |
| Index terms: | financial institutions COMPANIES |
| Freeterms: | shareholders emerging market firms ownership |
| Language: | eng |
| Abstract: | The differential impact of foreign institutional and foreign corporate shareholders on the performance of emerging market firms has not been explored in the existing literature. The authors here consider this issue using a multi-theoretic approach. The previously documented positive effect of foreign ownership on firm performance seems to be clearly attributable to foreign companies that have larger shareholding, higher commitment and longer-term involvement. The positive influence of corporations vis-á-vis financial institutions with respect to domestic shareholdings is described in the article. The authors conclude with a note about how there is an interesting dichotomy in the impact of these shareholder depending on the firms business group connection. |
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