Proceedings of the International Conference on Economics, Management and Accounting (ICEMAC 2021)

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Examine the Effect of State Ownership on the Relationship Between Internationalization and Technical Efficiency During 2015 ASEAN Economic Community: Evidence from Singapore-Listed Firms

Authors
Esti Kusuma Astadiyani1, Wei-Hwa Pan2, *
1National Yunlin University of Science and Technology
2Associate Professor, Department of Business Administration, National Yunlin University of Science and Technology
*Corresponding author. E-mail: panwh@yuntech.edu.tw
Corresponding Author
Wei-Hwa Pan
Available Online 10 February 2022.
DOI
10.2991/aebmr.k.220204.006How to use a DOI?
Keywords
Internationalization; Technical Efficiency; Economy Integration; State Ownership
Abstract

Since the industry transformation in 1965, Singapore established state-owned enterprises known as government-linked corporations to overcome the lack of private sector expertise and spearhead the development of its economy. Furthermore, Singapore proposed the “quasi-entrepreneur” strategy, encouraging firms to expand abroad. As a result, this research investigates the role of the government in the link between the degree of internationalization and technological efficiency in Singapore-listed enterprises. The study also examines the impact of the 2015 ASEAN Economic Community (AEC) on the relationship between those variables by dividing the periods into pre-economic integration and post-economic integration periods. Three hypotheses are developed and tested using Generalized least square (GLS) in Stata v.15, implemented on a sample of 117 firms across 31 industries from 2011-2020. The result shows an inverted U-shaped relationship between internationalization and technical efficiency, and firms with a low degree of state ownership outperform those with a high degree of state ownership. Furthermore, the finding suggests that economic integration affects the relationship between internationalization, technical efficiency, and degree of state ownership.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the International Conference on Economics, Management and Accounting (ICEMAC 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
10 February 2022
ISBN
10.2991/aebmr.k.220204.006
ISSN
2352-5428
DOI
10.2991/aebmr.k.220204.006How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

risenwbib
TY  - CONF
AU  - Esti Kusuma Astadiyani
AU  - Wei-Hwa Pan
PY  - 2022
DA  - 2022/02/10
TI  - Examine the Effect of State Ownership on the Relationship Between Internationalization and Technical Efficiency During 2015 ASEAN Economic Community: Evidence from Singapore-Listed Firms
BT  - Proceedings of the International Conference on Economics, Management and Accounting (ICEMAC 2021)
PB  - Atlantis Press
SP  - 44
EP  - 55
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220204.006
DO  - 10.2991/aebmr.k.220204.006
ID  - Astadiyani2022
ER  -