Ownership Structure and Export Performance: Firm-Level Evidence from the Republic of Korea

25 Pages Posted: 21 Feb 2012

See all articles by Sangho Kim

Sangho Kim

Honam University

Donghyun Park

Asian Development Bank - Economic Research

Date Written: December 1, 2011

Abstract

The central objective of our paper is to empirically examine the relationship between the ownership structure of firms and their export performance. To do so, we use data from the Republic of Korea, a classic example of successful export-oriented industrialization. While a large and growing empirical literature investigates the relationship between the ownership structure and overall performance of firms, there are almost no studies that 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 Korean firms with more concentrated ownership are more likely to be exporters, and to export more.

Keywords: exports, ownership structure, logit analysis, tobit regression, Republic of Korea, corporate structure

JEL Classification: F10, G30, D80

Suggested Citation

Kim, Sangho and Park, Donghyun, Ownership Structure and Export Performance: Firm-Level Evidence from the Republic of Korea (December 1, 2011). Asian Development Bank Economics Working Paper Series No. 295, Available at SSRN: https://ssrn.com/abstract=2008554 or http://dx.doi.org/10.2139/ssrn.2008554

Sangho Kim (Contact Author)

Honam University ( email )

College Of Business
Gwangju, 506-714
Korea
82 62 940 5394 (Phone)
82 62 940 5116 (Fax)

Donghyun Park

Asian Development Bank - Economic Research ( email )

6 ADB Avenue, Mandaluyong City 1550
Metro Manila
Philippines

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