Third, prior research indicates that competitive behavior in emerging economies would vary between foreign and local firms due to, for example, differences in decision-making processes and market segments (Chang & Park, 2012; Gadiesh et al., 2007). In our data, the correlations between ownership types and most dependent and independent variables are insignificant. However, future research may explore more meticulously the differences in strategic behaviors in firms with different types of ownership that directly compete with each other.
Third, prior research indicates that competitive behavior in emerging economies would vary between foreign and local firms due to, for example, differences in decision-making processes and market segments (Chang & Park, 2012; Gadiesh et al., 2007). In our data, the correlations between ownership types and most dependent and independent variables are insignificant. However, future research may explore more meticulously the differences in strategic behaviors in firms with different types of ownership that directly compete with each other.
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