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Why foreign-owned firms are different: A conceptual framework and empirical evidence for Austria
Pfaffermayr, Michael
Bellak, Christian
Christian Johannes Bellak
Michael Pfaffermayr
This study examines performance gaps among foreign-owned and domestically- owned Austrian firms. In line with earlier findings our results suggest that the positive effects of participating in a foreign multinational's network can mainly be found in productivity and profitability. A further distinction between purely national firms and multinational enterprises (MNEs) reveals that both gaps derive from gains of MNE networks rather than from ownership per se. Regardless of ownership, MNEs are more similar than MNEs and purely national firms. Gaps concerning the investment propensity and growth are primarily explained by firm characteristics rather than foreign ownership. There is no evidence of an additional bonus resulting from closer cultural proximity of German-owned firms.
Pfaffermayr, Michael & Bellak, Christian, 2000. "Why foreign-owned firms are different: A conceptual framework and empirical evidence for Austria," HWWA Discussion Papers 115, Hamburg Institute of International Economics (HWWA).
Handle: RePEc:zbw:hwwadp:26372
File URL: https://www.econstor.eu/bitstream/10419/19436/1/115.pdf
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repec:hrv:faseco:30747162 is not listed on IDEAS
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Multinational Enterprises; Industry Studies; Organisation of Production Labour Productivity;
J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
L6 - Industrial Organization - - Industry Studies: Manufacturing
F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
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