Arbeitspapier
International ownership and SMEs in Middle Eastern and African economies
Empirical evidence suggests that international ownership of local firms supports firm performance and growth through various channels such as financing, technology transfer, and improved access to international markets. This is particularly true for small and medium-sized enterprises (SMEs) that otherwise may lack access to a variety of vital resources. At the same time small and medium-sized enterprise (SME) formation may promote economic development. The relationship between firm performance and international ownership has been well explored for firms in developed economies but this is not the case for firms - including SMEs - in Africa and the Middle East. Largely due to lack of relevant cross-country financial data, existing literature on African and Middle-Eastern firms has presented survey-based evidence on firm performance while evidence based on detailed financial information remains lacking. The present paper aims at filling this research gap. We identify African and Middle-Eastern SMEs operating in the formal sector and examine the impact of ownership structure on firm performance. We use cross-sectional financial data covering about 25,500 companies - including about 30% SMEs - in 69 African and Middle-Eastern countries for the years 2006 to 2015. Our results indicate that international ownership has significant positive association with firm performance. For internationally-owned SMEs this appears to be true despite lower levels of equity and debt capital, implying that internationally-owned firms use international resources - other than capital - more efficiently!
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Papers ; No. 22
- Klassifikation
-
Wirtschaft
- Thema
-
KMU
Eigentümerstruktur
Unternehmenserfolg
Mittlerer Osten
Afrika
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Baliamoune-Lutz, Mina
Basuony, Mohamed A. K.
Lutz, Stefan
Mohamed, Ehab K. A.
- Ereignis
-
Veröffentlichung
- (wer)
-
Frankfurt University of Applied Sciences, Fachbereich Wirtschaft und Recht
- (wo)
-
Frankfurt a. M.
- (wann)
-
2022
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Baliamoune-Lutz, Mina
- Basuony, Mohamed A. K.
- Lutz, Stefan
- Mohamed, Ehab K. A.
- Frankfurt University of Applied Sciences, Fachbereich Wirtschaft und Recht
Entstanden
- 2022
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