| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w18920 |
| 来源ID | Working Paper 18920 |
| Quantifying Productivity Gains from Foreign Investment | |
| Christian Fons-Rosen; Ṣebnem Kalemli-Özcan; Bent E. Sørensen; Carolina Villegas-Sanchez; Vadym Volosovych | |
| 发表日期 | 2013-03-21 |
| 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 | Macroeconomics ; Business Cycles ; International Economics ; Trade ; International Finance ; Development and Growth ; Development |
| URL | https://www.nber.org/papers/w18920 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/576595 |
| 推荐引用方式 GB/T 7714 | Christian Fons-Rosen,Ṣebnem Kalemli-Özcan,Bent E. Sørensen,et al. Quantifying Productivity Gains from Foreign Investment. 2013. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w18920.pdf（530KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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