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....

We revisit the relationship between foreign investment and productivity of acquired firms. First, we construct a panel firm-level dataset for eight ad- vanced European countries covering domestic and foreign acquisitions together with detailed balance sheet information for the years 1999–2012....

We study the impact of foreign direct investment (FDI) on total factor productivity (TFP) of domestic firms using a new, representative firm-level data set spanning six countries. A novel finding is that firm-level spillovers from foreign firms to domestic companies can be significantly...