Ownership structure, strategic controls and export intensity of foreign-invested firms in transition economies

• 成果类型: Article
• 署名作者: Filatotchev, Igor; Stephan, Johannes; Jindra, Bjoern
• 署名单位: City St Georges, University of London; Leibniz Association; Leibniz Institut fur Wirtschaftsforschung Halle (IWH)
• 刊物名称: JOURNAL OF INTERNATIONAL BUSINESS STUDIES
• ISSN/ISSBN: 0047-2506
• DOI: 10.1057/palgrave.jibs.8400404
• 发表日期: 2008
• 页码: 1133-1148
• 关键词: FDI; subsidiaries; Ownership structure; strategy; Export Intensity

摘要

This paper examines the relationships between foreign ownership, managers' independence in decision-making and exporting of foreign-invested firms in five European Union accession countries. Using a unique, hand-collected data set of 434 foreign-invested firms in Poland, Hungary, Slovenia, Slovakia and Estonia, we show that foreign investors' ownership and control over strategic decisions are positively associated with export intensity, measured as the proportion of exports to total sales. The study also analyzes specific governance and control configurations in foreign-invested firms, showing that foreign equity and foreign control over business functions are complementary in terms of their effects on export intensity.