Firms’ FDI ownership: The influence of government ownership and legislative connections

@article{Pan2014FirmsFO,
  title={Firms’ FDI ownership: The influence of government ownership and legislative connections},
  author={Yigang Pan and Lefa Teng and Atipol Bhanich Supapol and Xiongwen Lu and Dan Huang and Zhennan Wang},
  journal={Journal of International Business Studies},
  year={2014},
  volume={45},
  pages={1029-1043}
}
The level of ownership in an overseas subsidiary has been an important issue in international business. Existing literature, based on transaction cost theory, predicts that firms prefer higher ownership for subsidiaries located in favorable foreign institutional environments. We propose two moderating factors to this prediction: governments as owners of firms and firms’ legislative connections. We hypothesized that the level of subsidiary ownership was less affected by the heterogeneity of… CONTINUE READING

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