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Performance of mid-size internationalized Indian firms: evaluating the role of family control

Faisal M. Ahsan and Ajay Singal
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Faisal M. Ahsan: Senior Manager; TATA Motors Limited, Lucknow, India
Ajay Singal: Associate Professor; Institute of Management Technology, Dubai, UAE

Asian Journal of Empirical Research, 2019, vol. 9, issue 12, 387-400

Abstract: The rapidly growing and gradual emergence of multinational firms from the Indian sub-continent now calls for thorough re-understandings of extant theories and existing ideologies of the ?internationalization? process. We would initially assess the three-stage model of internationalization in the context of mid-size Indian firms and intend to investigate the relationship between performance and degree of internationalization. Based on the longitudinal dataset (2005-12) of publicly listed firms, our findings suggested that mid-size firms remained stuck up in the first stage of internationalization and accordingly exhibit a downward-sloping relationship between internationalization?s degree and performance. Most of the mid-size firms continued to show a predominantly family-controlled stance, and the impact of family ownership shows negative effects on the degree of internationalization. By examining the performance heterogeneity in family-owned firms towards internationalization, this paper enriches the existing body of research and assume it to be a prolific addition in the literature on international expansion.

Keywords: Mid-size Indian firms; Internationalization; Family control (search for similar items in EconPapers)
Date: 2019
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