Abstract
Emerging market firms are at disadvantage in the international markets for technology due to their liability of emergingness which reduces their attractiveness as contractual partners. We propose diaspora ownership as a credible and informative indicator of quality and trustworthiness which homeland firms leverage to license technology from abroad. We suggest also that this reputational effect depends on subnational firm location characteristics. We test our argument on a matched sample of 588 Indian manufacturing firms operating between 2006 and 2015. Our empirical results confirm our expectations in support of the value of ownership-based connections between diasporans and their homeland firms.
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