Going multinational what are the effects on home market performance?
Zsfassung in dt. Sprache
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| Format: | UnknownFormat |
| Sprache: | eng |
| Veröffentlicht: |
Frankfurt am Main
Dt. Bundesbank
2006
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| Schriftenreihe: | Discussion paper / Deutsche Bundesbank Series 1, Studies of the Economic Research Centre
03/2006 |
| Schlagworte: | |
| Online Zugang: | Inhaltsverzeichnis http://opus.zbw-kiel.de/volltexte/2006/4240/pdf/200603dkp.pdf |
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Tag hinzufügen | Zusammenfassung: | Zsfassung in dt. Sprache A number of recent studies and evidence for the existence of a persistent performance gap between multinational enterprises (MNE) and their domestic competitors. Therefore, the question arises whether successful firms become MNEs or whether going abroad improves home market performance. This paper investigates to what extent MNEs have superior performance characteristics, both prior to and after they have switched from national to multinational activities. In the first case results are quite clear: Future multinationals outperform domestic firms. Since self-selection occurs, an endogenous treatment approach is necessary for comparing ex-post performance of firms. Using probit estimates of the decision to become a MNE, Heckman's (1978) treatment model is applied to account for potential endogeneity issues. The results suggest that after switching, both productivity and wage growth are higher for newly founded MNEs than for national firms. Employment growth is superior before switching but does not exhibit significantly higher ex-post growth rates. Moreover, capital intensities at multinationals evolve towards the use of capital. |
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| Beschreibung: | Literaturverz. S. 33 - 34 |
| Beschreibung: | 43 S. Tab., graph. Darst. 30 cm |
| ISBN: | 3865581129 3-86558-112-9 |