Third world multinationals : The case of Malaysia.
Analisis, 6 (1&2).
Although literature on Multinational Corporations is abundant, research on those MNCs originating from the Third World is scant. In fact, there has been no systematic study of MNCs originating from Malaysia thus far. This paper attempts to fill that gap. The purpose of the paper is to, first, identify companies from Malaysia that could be referred to as MNCs, and secondly, to determine some salient characteristics that distinguish the MNCs from purely domestic ones. The study uses a qualitative approach for the first part and a quantitative one, i.e. using the logit model for the second part. The results revealed that 207 of the 436 companies listed in the main board of the Kuala Lumpur Stock Exchange met all the requirements necessary for an MNC. Multinational companies are spread across all continents around the globe. The results also indicated that the size of the firm, measured in terms of assets, increased the likelihood that a firm is a multinational. Other characteristics such as profitability and age of the firm are not statistically significant.
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