Foreign Direct Investment: International Strategies by Business Groups

Jorge Pelayo Maciel, Manuel Alfredo Ortiz Barrera, Aimee Pérez Esparza


This research analyses the decision of foreign direct investment (FDI) followed by business groups, identifies two forms: acquisition and minority purchase of foreign company shares. Analyses how it affects the performance of such groups. Also includes the concentration of property since it forms part of corporate governance. In order to achieve this, a data panel analysis with information of 39 business groups and a total of 3,443 subsidiaries and that have also made FDI in a period ranging from 2012 to 2015. The findings were that the minority purchase of shares achieves a positive relationship with performance and clearly shows that the company's concentrated ownership has a negative relation to performance. 

Palabras clave

Business group; foreign direct investment; acquisitions; minority purchase of shares.

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Copyright (c) 2018 Jorge Pelayo Maciel, Manuel Alfredo Ortiz Barrera, Aimee Pérez Esparza

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MERCADOS y Negocios, Año 19, No. 38, (julio – diciembre, 2018), es una publicación semestral editada por la Universidad de Guadalajara, a través del Departamento de Mercadotecnia y Negocios Internacionales, del Centro Universitario de Ciencias Económico Administrativas (CUCEA). Con domicilio en Periférico Norte 799, módulo G-306, núcleo Los Belenes, Zapopan, Jalisco, México, C.P. 45100., Telefono 33-3770-3343 ext. 25068,, correo electrónico: Editor responsable: Juan Antonio Vargas Barraza. Reservas de Derechos al Uso Exclusivo 04-2016-111115025800-203, ISSN electrónico: 2594-0163, otorgados por el Instituto Nacional del Derecho de Autor. Responsable de la última actualización de este número: Departamento de Mercadotecnia y Negocios Internacionales del Centro Universitario de Ciencias Económico Administrativas (CUCEA), con domicilio en Periférico Norte 799, módulo G-306, núcleo Los Belenes, Zapopan, Jalisco, México, C.P. 45100, por Tania Elena González Alvarado. Fecha de la última modificación julio de 2018, con un tiraje de un ejemplar.

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