TY - JOUR
T1 - Internationalization, related party transactions, and firm ownership structure
T2 - Empirical evidence from an emerging market
AU - Agnihotri, Arpita
AU - Bhattacharya, Saurabh
N1 - Publisher Copyright:
© 2019 Elsevier B.V.
Copyright:
Copyright 2019 Elsevier B.V., All rights reserved.
PY - 2019/4
Y1 - 2019/4
N2 - This study seeks to understand the adverse impact of related party transactions (RPTs) on the internationalization of emerging economy firms. The study further explores how a firm's ownership structure moderates the relationship between RPT and internationalization. Based on a sample of 367 Indian manufacturing firms, the study finds that RPTs have a negative influence on internationalization. Business group ownership is found to strengthen the negative relationship between RPTs and internationalization, whereas foreign shareholding weakens this relationship.
AB - This study seeks to understand the adverse impact of related party transactions (RPTs) on the internationalization of emerging economy firms. The study further explores how a firm's ownership structure moderates the relationship between RPT and internationalization. Based on a sample of 367 Indian manufacturing firms, the study finds that RPTs have a negative influence on internationalization. Business group ownership is found to strengthen the negative relationship between RPTs and internationalization, whereas foreign shareholding weakens this relationship.
UR - http://www.scopus.com/inward/record.url?scp=85061188445&partnerID=8YFLogxK
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U2 - 10.1016/j.ribaf.2019.02.004
DO - 10.1016/j.ribaf.2019.02.004
M3 - Article
AN - SCOPUS:85061188445
SN - 0275-5319
VL - 48
SP - 340
EP - 352
JO - Research in International Business and Finance
JF - Research in International Business and Finance
ER -