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Internationalization, related party transactions, and firm ownership structure: Empirical evidence from an emerging market

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  • Agnihotri, Arpita
  • Bhattacharya, Saurabh

Abstract

This study seeks to understand the adverse impact of related party transactions (RPTs) on the internationalization of emerging economy firms. The study further explores how a firm’s ownership structure moderates the relationship between RPT and internationalization. Based on a sample of 367 Indian manufacturing firms, the study finds that RPTs have a negative influence on internationalization. Business group ownership is found to strengthen the negative relationship between RPTs and internationalization, whereas foreign shareholding weakens this relationship.

Suggested Citation

  • Agnihotri, Arpita & Bhattacharya, Saurabh, 2019. "Internationalization, related party transactions, and firm ownership structure: Empirical evidence from an emerging market," Research in International Business and Finance, Elsevier, vol. 48(C), pages 340-352.
    • Handle: RePEc:eee:riibaf:v:48:y:2019:i:c:p:340-352
    DOI: 10.1016/j.ribaf.2019.02.004
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