Foreign ownership and the pursuit of global technological arbitrage opportunities; European Journal of International Management; Vol. XX, iss. X
| Parent link: | European Journal of International Management Vol. XX, iss. X.— 2021.— [20 p.] |
|---|---|
| Institutionella upphovsmän: | , |
| Övriga upphovsmän: | , , , |
| Sammanfattning: | Title screen In industries characterised by low intraindustry arbitrage opportunities, firms may extract entrepreneurial rents and ensure profitability by sourcing technological arbitrage opportunities across national borders. Foreign owners provide access to such opportunities. In the setting of 1073 Russian companies operating in the industrial machinery manufacturing industry over the course of 2013-2016, we present initial evidence suggesting that partial foreign ownership may avail international arbitrage opportunities to the firms, resulting in superior performance. The effect of arbitrage opportunities on firm performance is strongest when firms have high financial liquidity. The optimal share of foreign investor control that maximises firm performance is estimated between 39% and 51%. |
| Språk: | engelska |
| Publicerad: |
2021
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| Ämnen: | |
| Länkar: | https://dx.doi.org/10.1504/EJIM.2021.10034196 |
| Materialtyp: | Elektronisk Bokavsnitt |
| KOHA link: | https://koha.lib.tpu.ru/cgi-bin/koha/opac-detail.pl?biblionumber=665107 |
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| 200 | 1 | |a Foreign ownership and the pursuit of global technological arbitrage opportunities |f S. A. Anokhin, V. V. Spitsin, A. Yu. Trifonov, I. S. Antonova | |
| 203 | |a Text |c electronic | ||
| 300 | |a Title screen | ||
| 330 | |a In industries characterised by low intraindustry arbitrage opportunities, firms may extract entrepreneurial rents and ensure profitability by sourcing technological arbitrage opportunities across national borders. Foreign owners provide access to such opportunities. In the setting of 1073 Russian companies operating in the industrial machinery manufacturing industry over the course of 2013-2016, we present initial evidence suggesting that partial foreign ownership may avail international arbitrage opportunities to the firms, resulting in superior performance. The effect of arbitrage opportunities on firm performance is strongest when firms have high financial liquidity. The optimal share of foreign investor control that maximises firm performance is estimated between 39% and 51%. | ||
| 461 | |t European Journal of International Management | ||
| 463 | |t Vol. XX, iss. X |v [20 p.] |d 2021 | ||
| 610 | 1 | |a электронный ресурс | |
| 610 | 1 | |a труды учёных ТПУ | |
| 610 | 1 | |a foreign ownership | |
| 610 | 1 | |a arbitrage opportunities | |
| 610 | 1 | |a performance | |
| 610 | 1 | |a panel data | |
| 610 | 1 | |a собственность | |
| 610 | 1 | |a арбитраж | |
| 610 | 1 | |a панельные данные | |
| 701 | 1 | |a Anokhin |b S. A. |c economist |c Professor of Tomsk Polytechnic University, Ph.D |f 1977- |g Sergey Aleksandrovich |3 (RuTPU)RU\TPU\pers\46495 | |
| 701 | 1 | |a Spitsin |b V. V. |c economist |c Associate Professor of Tomsk Polytechnic University, Candidate of economic sciences |f 1976- |g Vladislav Vladimirovich |3 (RuTPU)RU\TPU\pers\30957 |9 15195 | |
| 701 | 1 | |a Trifonov |b A. Yu. |c physicist, mathematician |c Professor of Tomsk Polytechnic University, Doctor of physical and mathematical sciences |f 1963- |g Andrey Yurievich |3 (RuTPU)RU\TPU\pers\30754 | |
| 701 | 1 | |a Antonova |b I. S. |c specialist in the field of management |c Associate Professor of Tomsk Polytechnic University, Candidate of economic sciences |f 1985- |g Irina Sergeevna |3 (RuTPU)RU\TPU\pers\31961 |9 16021 | |
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