Diaspora Ownership and International Technology Licensing by Emerging Market Firms
| العنوان: | Diaspora Ownership and International Technology Licensing by Emerging Market Firms |
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| المؤلفون: | Larissa Rabbiosi, Aleksandra Gregoric, Grazia D. Santangelo |
| المصدر: | Journal of International Business Studies. 52(4):671-691 |
| بيانات النشر: | Palgrave Macmillan, 2021. |
| سنة النشر: | 2021 |
| مصطلحات موضوعية: | Economics and Econometrics, Signaling theory, Strategy and Management, Homeland, International business, Emerging market firms, Instrumental variables estimation, Diaspora, Market economy, Management of Technology and Innovation, 0502 economics and business, Economics, Matched sample, Business and International Management, Emerging markets, Transaction cost, 05 social sciences, Liability, Equity (finance), General Business, Management and Accounting, Liability of origin, Subnational environments, International technology licensing, 050211 marketing, Diaspora ownership, 050203 business & management |
| الوصف: | The liability of origin makes participation in international technology licensing challenging for emerging market firms. We draw on signaling theory to propose that diaspora ownership – diaspora members’ equity investments in their homeland firms – constitutes a reliable third-party signal of emerging market firms’ trustworthiness, which facilitates the access of these firms to international technology licensing. We further hypothesize that the efficacy of diaspora ownership as a third-party signal varies with the firm’s subnational context. Specifically, the relevance of diaspora ownership signal increases with the degree of homogeneity of the within-industry R&D effort in the firm’s sub-national location. This is because, under these conditions, additional signals are required to differentiate between local firms operating in the same industry. In contrast, the diaspora ownership signal has a smaller effect in dysfunctional institutional contexts due to their prohibitive transaction costs. We test our arguments on a matched sample of 597 Indian firms operating between 2006 and 2015, and find general support for the predicted relationships. Our study advances research on the liability of origin of emerging market firms, the work on subnational dimension of international business, and the literature on the benefits diasporans bring to their homelands and resident countries. |
| اللغة: | English |
| تدمد: | 1478-6990 0047-2506 |
| URL الوصول: | https://explore.openaire.eu/search/publication?articleId=doi_dedup___::a481afcdd715e1d3dd815a440e13a92f https://doi.org/10.1057/s41267-020-00324-y |
| حقوق: | OPEN |
| رقم الأكسشن: | edsair.doi.dedup.....a481afcdd715e1d3dd815a440e13a92f |
| قاعدة البيانات: | OpenAIRE |
Find this article in full text from Springer Verlag. | تدمد: | 14786990 00472506 |
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