In this empirical study we examine the correlation between the internationalization processes and financial performance of firms by focusing on the emerging market firms (EMNCs) that originate from the BRIC countries. We test the shape of the internationalization - performance curve and explore...

This paper studies the relationship between outward foreign direct investment (OFDI) and domestic performance for Indian firms utilizing propensity score matching combined with a difference-in-differences specification. We find modest effects on total factor productivity (TFP), but complementary...