Foreign Institutional Ownership and R&amp;D Activities: Evidence from High-tech French Firms

Gharbi, Sami; Othmani, Hidaya

doi:10.1177/0972150920978125

Cited by 3 publications

(4 citation statements)

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“…Recent ownership trends suggest that foreign institutional investors are gaining importance in international stock markets (Gharbi & Othmani, 2020;Nashier & Gupta, 2016). They have realized substantial investments, mainly in emerging markets (Cheng et al, 2016).…”

Section: Literature Reviewmentioning

confidence: 99%

“…This monitoring role can derive from the disciplinary effect exerted by institutional owners on corporate insiders. Many studies have supported the "monitoring role" of institutional owners to enhance firm value (Lin & Fu, 2017;Othmani & Sahut, 2010), to promote long-term corporate investments (Bena et al, 2017;Gharbi & Othmani, 2020), to reduce managers' entrenchment (Pathan et al, 2021) and to encourage good corporate governance practices (Chen et al, 2018). The active behaviours of institutional investors should be more assertive for the case of foreign institutional investors.…”

Section: Advantages Of Foreign Institutional Investors Ownershipmentioning

confidence: 99%

“…In contrast, foreign institutional owners have more independent positions and fewer conflicts of interests. They can proceed to reduce managerial entrenchment and promote corporate growth (Chen et al, 2018;Gharbi & Othmani, 2020, Lin & Fu, 2017.…”

Section: Advantages Of Foreign Institutional Investors Ownershipmentioning

confidence: 99%

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Foreign institutional ownership and bank performance: Evidence from Tunisia

Othmani

2022

African Development Review

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This paper aims to investigate the effect of foreign institutional investors on banks' performance for the case of a developing African country. Previous studies on the impact of foreign institutional investors on banks' corporate governance and performance are inconclusive. The sample includes a unique dataset of Tunisian banks during the period 2005-2020. First, this study uses panel data regressions with fixed or random individual effects. Then it adopts the GMM system technique to account for potential endogeneity problems and the dynamic nature of the panel data. The results support a positive relationship between foreign institutional ownership and banks' performance as measured by Tobin's Q and Return On Equity. They indicate that banks with more foreign institutional ownership perform better. Foreign institutional investors are considered as good monitors. They facilitate the transfer of technology and the development of new products and services. These findings contribute to the literature by providing empirical evidence on the role of foreign institutional investors in the banking sector for an African emerging economy, where the studies on this matter are scarce. Policymakers and bank managers in emerging economies should attract foreign institutional investors to benefit from their experience and enhance bank performance.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Advantages Of Foreign Institutional Investors Ownershipmentioning

confidence: 99%

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Foreign institutional ownership and bank performance: Evidence from Tunisia

Othmani

2022

African Development Review

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“…On the other hand, asymmetrical information theory postulates that foreign and domestic institutional ownership can signal a positive relationship between foreign institutional ownership, domestic institutional ownership and dividend payout policy. Foreign institutional shareholders are typically large and sophisticated institutions with the resources and skills to gather value-relevant information and prudently invest their holdings (Gul, Kim, & Qiu, 2010), whereas domestic institutional shareholders benefit from an information advantage due to proximity to investee firms that allows them to have more and better information concerning investee firms (Gharbi & Othmani, 2020). Thus, both foreign and domestic institutional shareholders can induce managers to pay dividends.…”

Section: Discussionmentioning

confidence: 99%

Institutional Ownership And Dividend Payout Policy In Kenya

Buigut

2023

JBMR

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This purpose of this study is to investigate the effect of institutional ownership on dividend payout policy among listed firms in Kenya. The study used a sample of 40 Kenyan listed firms over the period of 2009-2019 collected from published audited financial statements. To test the hypothesized relationships, this study used the fixed effect and random effect panel data. The study used a sample of 40 Kenyan listed firms over the period of 2009-2019 collected from published audited financial statements. To test the hypothesized relationships, this study used the fixed effect and random effect panel data. The empirical findings indicate that foreign and domestic institutional ownerships are significant and positively associated with dividend payout policy

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The role of dynamic capabilities in the development of organisational ambidexterity and its effect on timely responsiveness in emerging market high‐tech firms

Ng,

Ahmed

2024

R & D Management

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Although organisational ambidexterity (hereafter referred to as ambidexterity) allows emerging market high‐tech firms (EMHTFs) to align themselves with existing markets and to explore and seize new market opportunities to retain their competitiveness in rapidly changing business environments, little is known about how ambidexterity is developed and the role that dynamic capabilities play in the development of ambidexterity. We examine how dynamic capabilities, specifically, sensing and reconfiguring capabilities, influence the development of ambidexterity and the effect of ambidexterity on timely responsiveness. We also investigate the moderating effects of firm characteristics (i.e. firm size, sector, age, and status) and environmental turbulence (i.e. market, competitive, and technological turbulence) on both relationships. We find that the application of sensing and reconfiguring capabilities enables EMHTFs to develop ambidexterity and that ambidexterity improves timely responsiveness. Additionally, the relationship between the use of sensing capability and ambidexterity and between ambidexterity and timely responsiveness, appear robust across varying levels of market, competitive, and technological turbulence, and regardless of firm size, sector, age, and status. Furthermore, while EMHTFs across different sectors, age groups, and status benefit from using the reconfiguring capability to develop ambidexterity, we find that large firms benefit more than SMEs as the resource availability advantage of large firms allow them to reconfigure resources to support ambidextrous orientations in various ways. Hence, large firms can develop greater ambidexterity than SMEs, whose scarce resources limit how they can reconfigure resources to support ambidextrous orientations.

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Foreign Institutional Ownership and R&D Activities: Evidence from High-tech French Firms

Cited by 3 publications

References 49 publications

Foreign institutional ownership and bank performance: Evidence from Tunisia

Foreign institutional ownership and bank performance: Evidence from Tunisia

Institutional Ownership And Dividend Payout Policy In Kenya

The role of dynamic capabilities in the development of organisational ambidexterity and its effect on timely responsiveness in emerging market high‐tech firms

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