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The paper explores the business sector and firm age effects on firm performance mediated by foreign ownership levels in … domestic firms and financial leverage by examining 146 Medium Enterprises (MEs). The results show that except for ownership …, the business sector, firm age, foreign ownership level, and financial leverage significantly influence performance …
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Seminal theories of the firm posit that firm ownership is allocated to minimize contractual inefficiencies. Yet, it … remains unclear how much the optimal ownership choice affects firm performance in practice. This paper provides a first … quantification of the gains from optimal ownership within multinational firms, by exploiting a major liberalization of China's policy …
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