TY - JOUR
T1 - The Dual Effects of State Ownership on Export Activities of Emerging Market Firms
T2 - An Inducement–Constraint Perspective
AU - Wu, Jie
AU - Zhao, Hongxin
N1 - Acknowledgments: The first author would like to acknowledge the financial support provided by Chinese Social Science Fund (#14BGL029) and Planning Fund of the Ministry of Education of China (#12YJA790147) for this research
PY - 2015/6/30
Y1 - 2015/6/30
N2 - In this study, we integrate resource dependence theory and agency theory to argue that state ownership has a dual (inducement and constraint) effect on emerging market firms’ export performance. Building on this inducement-constraint framework, we hypothesize a non-linear relationship between state ownership and export performance of emerging market firms that is further moderated by the varying levels of home country government effectiveness. Using cross-sectional data of 4,239 firms from 16 emerging economies, as well as panel data of more than 10,000 Chinese exporting firms, we find supporting evidence for these hypotheses. The theoretical development and empirical findings of this study highlight the complex and dynamic relationship between state ownership, government effectiveness, and export performance among firms from emerging economies.
AB - In this study, we integrate resource dependence theory and agency theory to argue that state ownership has a dual (inducement and constraint) effect on emerging market firms’ export performance. Building on this inducement-constraint framework, we hypothesize a non-linear relationship between state ownership and export performance of emerging market firms that is further moderated by the varying levels of home country government effectiveness. Using cross-sectional data of 4,239 firms from 16 emerging economies, as well as panel data of more than 10,000 Chinese exporting firms, we find supporting evidence for these hypotheses. The theoretical development and empirical findings of this study highlight the complex and dynamic relationship between state ownership, government effectiveness, and export performance among firms from emerging economies.
KW - Emerging economies
KW - Export intensity
KW - Government effectiveness
KW - Institutional environment
KW - State ownership
UR - http://www.scopus.com/inward/record.url?scp=84931564866&partnerID=8YFLogxK
U2 - 10.1007/s11575-014-0231-6
DO - 10.1007/s11575-014-0231-6
M3 - Article
AN - SCOPUS:84931564866
VL - 55
SP - 421
EP - 451
JO - Management International Review
JF - Management International Review
SN - 0938-8249
ER -
