Ownership Structure of Firms and Their Export Performance: Evidence from Korea

Sangho Kim and Donghyun Park
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Sangho Kim: Department of International Trade, Honam University, Gwangju 506-714, KOREA

No 1101, Economic Growth Centre Working Paper Series from Nanyang Technological University, School of Social Sciences, Economic Growth Centre

Abstract: The central objective of our paper is to empirically examine the relationship between the ownership structure of firms and their export performance using data from Korea. Due to growing globalization, export performance has become a highly influential determinant of firm performance. While a large and growing empirical literature investigates the relationship between the ownership structure and overall performance of firms, there are almost no studies which delve into the issue of whether the concentration of ownership has a positive or negative effect on export performance. The primary contribution of our study is to help remedy this serious gap in the empirical literature on ownership and performance. Our empirical results indicate that firms with more concentrated ownership are more likely to be exporters and export more.

Keywords: Exports; ownership structure; logit analysis; Tobit regression; Korea (search for similar items in EconPapers)
JEL-codes: D80 F10 G30 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2011-01
New Economics Papers: this item is included in nep-bec, nep-cse, nep-eff, nep-int and nep-sbm
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Persistent link: https://EconPapers.repec.org/RePEc:nan:wpaper:1101

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