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We examine the effect of foreign institutional investors on firm innovation. Using firm-level data across 26 non-U.S. economies between 2000 and 2010, we show that foreign institutional ownership has a positive, causal effect on firm innovation. We further explore three possible underlying...
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" type of foreign investment - greenfield knowledge intensive FDI - on domestic entry. Our results suggest that, in the short … run, this type of FDI is positively related to the entry rate in the host country, if the domestic sector is either …
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