| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP9434 |
| DP9434 Quantifying Productivity Gains from Foreign Investment | |
| Bent E Sørensen; Sebnem Kalemli-Ozcan; Vadym Volosovych; Christian Fons-Rosen; Carolina Villegas-Sanchez | |
| 发表日期 | 2013-04-21 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | We revisit the relationship between foreign investment and productivity of acquired firms. First, we construct a panel firm-level dataset for eight advanced European countries covering domestic and foreign acquisitions together with detailed balance sheet information for the years 1999-2012. Second, we address the challenge of identifying a causal relation. To that end, we compare foreign to domestic acquisitions in addition to accounting for the impact of majority versus minority acquisitions after controlling for country and sector trends. The productivity of foreign acquired affiliates increases modestly after four years, but only when majority stakes are acquired by foreigners. Our results are driven by foreign acquisitions and not by foreign divestment. |
| 主题 | International Macroeconomics ; International Trade and Regional Economics |
| 关键词 | Multinationals Selection Majority ownership Advanced countries |
| URL | https://cepr.org/publications/dp9434 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/538270 |
| 推荐引用方式 GB/T 7714 | Bent E Sørensen,Sebnem Kalemli-Ozcan,Vadym Volosovych,et al. DP9434 Quantifying Productivity Gains from Foreign Investment. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
