Bhaumik, Sumon Kumar; Driffield, Nigel; Pal, Sarmistha - In: Journal of International Business Studies 41 (2010) 3, pp. 437-450
This paper examines the impact of ownership structures of emerging-market firms, which are shaped by local institutions, on the decision of these firms to undertake outward FDI. Our results suggest that family firms and firms with concentrated ownerships (both ubiquitous in emerging markets) are...