RT Dissertation/Thesis
T1 Foreign direct investiments as the driver of performance for companies from emerging markets
T2 Inversiones extranjeras directas como el conductor de rendimiento para empresas de mercados emergentes
A1 Bykova, Anna
K1 5310.07 Inversión Exterior
K1 5310.09 Relaciones Comerciales Internacionales
AB The key research questions addressed in the PhD thesis are: (1) whether foreign ownership plays the enhancing role in the company performance in the context of emerging markets and in frame of special external conditions – economic downturn?; (2) are any underlying factors that make foreign ownership substantial in such a relationship? (3) are any internal specific features that firms from emerging should have in order to be able to get benefits? Our results will show that shareholders from countries with more developed financial systems (in terms of banking development) reinforce the positive effect of exports on firm performance. Consequently, these shareholders provide exporting firms with the financial support need to alleviate possible financial constraints in domestic markets. Moreover, we expect that a foreign partner may transfer a part of its “creditworthiness” to the domestic company in order to facilitate better financial conditions. In the same vein, by having more international relations, exporting firms are less tied to the domestic cycle and less subject to financial constraints, which result from strict monetary policies and recessions at home. Finally, we hypothesize that dynamic capabilities enhance affiliates learning processes. Therefore, FDI should consider not as financial assets but also as one of knowledge transfer channels. The expected results from PLS-SEM that if a company would like to improve their performance via capital from foreign investors, dynamic capability is fundamental part of successful partnership. For getting benefits, local companies should look for not only financial capital but for knowledge from foreign partners. Thus, it becomes increasingly important for local firms to invest in learning activities for reducing the knowledge gap between MNEs and affiliates, and thereby be able to absorb knowledge and discover opportunities and threats, thus efficiently reconfiguring their resources. Overall, the findings of the study will provide substantial support for our conceptual framework. Specifically, the results would be demonstrated that dynamic capabilities are powerful tools that can indirectly lead to superior performance via significant changes to a firm’s resource base, as positive indirect effect of FDI.
YR 2020
FD 2020-02-17
LK http://hdl.handle.net/11093/1437
UL http://hdl.handle.net/11093/1437
LA eng
DS Investigo
RD 05-dic-2024