Quotation Oesterle, Michael-Jörg, Richta, Hannah Noriko, Fisch, Jan Hendrik. 2013. The influence of ownership structure on internationalization. International Business Review 22 (1), 187-201.


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Abstract

Common reasons mentioned for a firm's internationalization are related to advantages for the firm. However, if firms are conceptualized as political coalitions, this view does not seem to be sufficient to explain why and to what extent firms internationalize. A principal-agent theoretical approach focusing the ownership-stake-related motivations and bargaining power of owners plus the range of actions managers can employ in different ownership situations offers an alternative explanation. We consequently studied the influences of ownership structure – defined as the concentration of ownership – on a firm's degree of internationalization and the main regions of international diversification. Overall, we conclude that the relationship is non-linear. To test our hypotheses, we utilize panel data for the 102 largest German manufacturing firms from 1990 to 2006. The analysis confirms our assumptions.

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Publication's profile

Status of publication Published
Affiliation External
Type of publication Journal article
Journal International Business Review
Citation Index SSCI
WU Journalrating 2009 A
WU-Journal-Rating new STRAT-B, WH-B
Language English
Title The influence of ownership structure on internationalization
Volume 22
Number 1
Year 2013
Page from 187
Page to 201
Reviewed? Y
DOI http://dx.doi.org/10.1016/j.ibusrev.2012.03.007

Associations

People
Fisch, Jan Hendrik (Details)
External
Oesterle, Michael-Jörg (University of Stuttgart, Germany)
Richta, Hannah Noriko (University of Augsburg, Germany)
Organization
Global Business and Trade DP (Details)
International Business (Details)
Research areas (ÖSTAT Classification 'Statistik Austria')
5307 Business and management economics (Details)
5344 Foreign trade (Details)
5350 Innovation research (Details)
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