2018
DOI: 10.1515/rebs-2018-0066
|View full text |Cite
|
Sign up to set email alerts
|

Influence of Local Versus Foreign Corporations, as Shareholders, on Financial Performance of Romanian Listed Companies

Abstract: In the actual context of global mobility of investors and capitals, diverse categories of local and foreign shareholders (institutional investors, governmental agencies, corporations or individual investors) influence business activities, management and results of the owned entities. Shareholders' monitoring ability is related to their interests and their involvement in the investee's business. This study contributes to the on-going debate referring to local and foreign shareholders and investigates the influe… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
1
1

Citation Types

0
2
0

Year Published

2023
2023
2023
2023

Publication Types

Select...
1

Relationship

0
1

Authors

Journals

citations
Cited by 1 publication
(2 citation statements)
references
References 30 publications
0
2
0
Order By: Relevance
“…In addition to the dominance of state ownership, EFMs compete to attract foreign investments as foreign ownership is commonly associated with innovation, knowledge and the transfer of best practices. Corporate foreign investors are primarily attracted by opportunities and resources provided by host countries (Taran and Mironiuc, 2018). The conventional view in the literature is that foreign ownership has a positive influence on firm performance compared with domestic ownership because foreign investors pick large and well-established companies with lower information asymmetry problems (Dahlquist and Robertsson, 2001) and often bring superior technological know-how (Masso et al, 2013).…”
Section: Ownership Structure and Corporate Performancementioning
confidence: 99%
See 1 more Smart Citation
“…In addition to the dominance of state ownership, EFMs compete to attract foreign investments as foreign ownership is commonly associated with innovation, knowledge and the transfer of best practices. Corporate foreign investors are primarily attracted by opportunities and resources provided by host countries (Taran and Mironiuc, 2018). The conventional view in the literature is that foreign ownership has a positive influence on firm performance compared with domestic ownership because foreign investors pick large and well-established companies with lower information asymmetry problems (Dahlquist and Robertsson, 2001) and often bring superior technological know-how (Masso et al, 2013).…”
Section: Ownership Structure and Corporate Performancementioning
confidence: 99%
“…By contrast, domestic investors are accustomed to the domestic business environment, regulations, culture, local potential and country-level facilities (Taran and Mironiuc, 2018). The general perception is that domestic owners have a strong interest in recovering their investments and earning dividend gains (Iwasaki and Mizobata, 2018).…”
Section: Literature Review and Hypothesis Developmentmentioning
confidence: 99%