Corporate Ownership Reform and Foreign Market Entry of Emerging Market Firms: Extending the Theoretical Lens of Firm-Specific Advantages

Ming Hua Li; Lin  Cui; Jiangyong  Lu

Corporate Ownership Reform and Foreign Market Entry of Emerging Market Firms: Extending the Theoretical Lens of Firm-Specific Advantages

Ming Hua Li, Lin Cui, Jiangyong Lu

Crawford School of Public Policy, The Australian National University

Research output: Chapter in Book/Report/Conference proceeding › Conference abstract in proceedings › Research › peer-review

Abstract

Few studies have examined the effects of corporate ownership reform on emerging market firms’ advantages and capabilities for outward FDI. By linking the implications of such reform to the configuration of resources, organizational attributes, and strategic orientation of firms we advance an extended FSA framework incorporating the dynamics of organizational ambiguity to analyze EM firms’ internationalization behavior. We validate our model by conducting an empirical study of 973 publicly listed Chinese firms spanning 8 years from 2002-2009. The findings suggest that various types of reformed shareholding have different effects on firms’ proclivity for outward FDI. We also find evidence of synergies and misalignments between ownership derived
FSAs and other firm specific organizational features including foreign managerial experience and business group affiliation.

Original language	English
Title of host publication	Proceedings of the 55th Annual Meeting of the Academy of International Business
Editors	Patricia McDougall-Covin, Tunga Kiyak
Place of Publication	East Lansing, MI
Publisher	Academy of International Business
Publication date	2013
Pages	257
Publication status	Published - 2013
Event	AIB 2013 Annual Meeting : Bridging the Divide: Linking IB to Complementary Disciplines and Practice - Sabancı University, Koç University, and Özyeğin University, Istanbul, Turkey Duration: 3 Jul 2013 → 6 Jul 2013 Conference number: 55 http://aib.msu.edu/events/2013/

Conference

Conference	AIB 2013 Annual Meeting
Number	55
Location	Sabancı University, Koç University, and Özyeğin University
Country/Territory	Turkey
City	Istanbul
Period	03/07/2013 → 06/07/2013
Internet address	http://aib.msu.edu/events/2013/

Series	Academy of International Business. Annual Meeting. Proceedings
Volume	55
ISSN	2078-4430

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Li, M. H., Cui, L., & Lu, J. (2013). Corporate Ownership Reform and Foreign Market Entry of Emerging Market Firms: Extending the Theoretical Lens of Firm-Specific Advantages. In P. McDougall-Covin, & T. Kiyak (Eds.), Proceedings of the 55th Annual Meeting of the Academy of International Business (pp. 257). Academy of International Business. Academy of International Business. Annual Meeting. Proceedings Vol. 55 http://aib.msu.edu/events/2013/pdfs/AIB2013_Proceedings.pdf

Li, Ming Hua ; Cui, Lin ; Lu, Jiangyong . / Corporate Ownership Reform and Foreign Market Entry of Emerging Market Firms : Extending the Theoretical Lens of Firm-Specific Advantages. Proceedings of the 55th Annual Meeting of the Academy of International Business. editor / Patricia McDougall-Covin ; Tunga Kiyak. East Lansing, MI : Academy of International Business, 2013. pp. 257 (Academy of International Business. Annual Meeting. Proceedings, Vol. 55).

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title = "Corporate Ownership Reform and Foreign Market Entry of Emerging Market Firms: Extending the Theoretical Lens of Firm-Specific Advantages",

abstract = "Few studies have examined the effects of corporate ownership reform on emerging market firms{\textquoteright} advantages and capabilities for outward FDI. By linking the implications of such reform to the configuration of resources, organizational attributes, and strategic orientation of firms we advance an extended FSA framework incorporating the dynamics of organizational ambiguity to analyze EM firms{\textquoteright} internationalization behavior. We validate our model by conducting an empirical study of 973 publicly listed Chinese firms spanning 8 years from 2002-2009. The findings suggest that various types of reformed shareholding have different effects on firms{\textquoteright} proclivity for outward FDI. We also find evidence of synergies and misalignments between ownership derivedFSAs and other firm specific organizational features including foreign managerial experience and business group affiliation.",

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Li, MH, Cui, L & Lu, J 2013, Corporate Ownership Reform and Foreign Market Entry of Emerging Market Firms: Extending the Theoretical Lens of Firm-Specific Advantages. in P McDougall-Covin & T Kiyak (eds), Proceedings of the 55th Annual Meeting of the Academy of International Business. Academy of International Business, East Lansing, MI, Academy of International Business. Annual Meeting. Proceedings, vol. 55, pp. 257, AIB 2013 Annual Meeting , Istanbul, Turkey, 03/07/2013. <http://aib.msu.edu/events/2013/pdfs/AIB2013_Proceedings.pdf>

Corporate Ownership Reform and Foreign Market Entry of Emerging Market Firms : Extending the Theoretical Lens of Firm-Specific Advantages. / Li, Ming Hua; Cui, Lin ; Lu, Jiangyong .

Proceedings of the 55th Annual Meeting of the Academy of International Business. ed. / Patricia McDougall-Covin; Tunga Kiyak. East Lansing, MI : Academy of International Business, 2013. p. 257 (Academy of International Business. Annual Meeting. Proceedings, Vol. 55).

Research output: Chapter in Book/Report/Conference proceeding › Conference abstract in proceedings › Research › peer-review

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T1 - Corporate Ownership Reform and Foreign Market Entry of Emerging Market Firms

AU - Li, Ming Hua

AU - Cui, Lin

AU - Lu, Jiangyong

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N2 - Few studies have examined the effects of corporate ownership reform on emerging market firms’ advantages and capabilities for outward FDI. By linking the implications of such reform to the configuration of resources, organizational attributes, and strategic orientation of firms we advance an extended FSA framework incorporating the dynamics of organizational ambiguity to analyze EM firms’ internationalization behavior. We validate our model by conducting an empirical study of 973 publicly listed Chinese firms spanning 8 years from 2002-2009. The findings suggest that various types of reformed shareholding have different effects on firms’ proclivity for outward FDI. We also find evidence of synergies and misalignments between ownership derivedFSAs and other firm specific organizational features including foreign managerial experience and business group affiliation.

AB - Few studies have examined the effects of corporate ownership reform on emerging market firms’ advantages and capabilities for outward FDI. By linking the implications of such reform to the configuration of resources, organizational attributes, and strategic orientation of firms we advance an extended FSA framework incorporating the dynamics of organizational ambiguity to analyze EM firms’ internationalization behavior. We validate our model by conducting an empirical study of 973 publicly listed Chinese firms spanning 8 years from 2002-2009. The findings suggest that various types of reformed shareholding have different effects on firms’ proclivity for outward FDI. We also find evidence of synergies and misalignments between ownership derivedFSAs and other firm specific organizational features including foreign managerial experience and business group affiliation.

M3 - Conference abstract in proceedings

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SP - 257

BT - Proceedings of the 55th Annual Meeting of the Academy of International Business

A2 - McDougall-Covin, Patricia

A2 - Kiyak, Tunga

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Li MH, Cui L, Lu J. Corporate Ownership Reform and Foreign Market Entry of Emerging Market Firms: Extending the Theoretical Lens of Firm-Specific Advantages. In McDougall-Covin P, Kiyak T, editors, Proceedings of the 55th Annual Meeting of the Academy of International Business. East Lansing, MI: Academy of International Business. 2013. p. 257. (Academy of International Business. Annual Meeting. Proceedings, Vol. 55).