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In many industries, firms usually have two choices when expanding into new markets: They can either build a new plant (greenfield entry) or they can acquire an existing incumbent. In the U.S. cement industry, the comparative advantage (e.g., TFP or size) of entrants versus incumbents and...
Persistent link: https://www.econbiz.de/10010333032
foreign direct investment on the labour productivity of domestic firms. A key policy change during this time period was the … foreign firm ownership and BEE on labour productivity. Regardless of the empirical specification we find no spill over effects … and no evidence that a greater degree of BEE compliance by foreign firms influences labour productivity. …
Persistent link: https://www.econbiz.de/10010282180
establishments that are always foreign-owned have significantly higher labour productivity than those that remain under domestic … ownership. In addition, labour productivity improves faster over time and faster with age in foreign-owned establishments. The … difference in labour productivity is matched by an equivalent difference in levels of investment per employee. Establishments …
Persistent link: https://www.econbiz.de/10010292962
This paper examines the relationship between foreign ownership and productivity, paying particular attention to two … productivity than foreign multinationals, but the difference is less stark in the service sector than in the production sector, and …
Persistent link: https://www.econbiz.de/10010293090
separately. The results showed a diametrically opposing impact of productivity and profitability on the takeover likelihood. This …
Persistent link: https://www.econbiz.de/10010294465
linking this to productivity, which turns out to be important. The paper also provides an example of modeling productivity …
Persistent link: https://www.econbiz.de/10010294881
first order stochastic dominance it is shown that, in line with this hypothesis, the productivity distribution of foreign …
Persistent link: https://www.econbiz.de/10010295451
This paper examines the link between a firm's owership of productive assets and its choice of foreign-market entry strategy. We find that, controlling for industry- and country-specific characteristics, the most productive firms (i.e., those owning the most assets) will enter through greenfield...
Persistent link: https://www.econbiz.de/10010296254
is increasing in its productivity, with the most productive multinationals choosing not to rely on a foreign partner at …
Persistent link: https://www.econbiz.de/10010296282
how firm-specific characteristics affect each decision. We find that total factor productivity is a significant …
Persistent link: https://www.econbiz.de/10010296286