This paper studies the effect of FDI firms' financial advantages on firm productivity in host countries and examines the related policy implications. If FDI firms face lower financing costs but have higher fixed production costs than local firms, a simple Melitz-type model predicts that because...

Many emerging markets offer financial incentives to attract foreign direct investment, believing that such investment provides advanced technology or management skills. However, it appears developing economies such as China could benefit more from multinational corporations' financial resources

To examine the effect of foreign direct investment, this paper compares the post-acquisition performance changes of foreign- and domestic-acquired firms in China. Unlike previous studies, we investigate the purified effect of foreign ownership by using domestic-acquired firms as the control...

To examine the effect of foreign direct investment, this paper compares the post-acquisition performance changes of foreign- and domestic-acquired firms in China. Unlike previous studies, we investigate the purified effect of foreign ownership by using domestic-acquired firms as the control...

Policy makers in emerging market countries have provided fiscal and financial incentives for foreign firms to set up affiliates in their jurisdiction. One reason for preferential treatment for FDI is that the inflow of massive foreign capital with short investment horizon (i.e., hot money) has...

n terms of economic fluctuations, it is well recognized that the effects of an economic crisis have a detrimental impact on the entry, growth, decline, and exit of firms. In addition, the magnitude of the impact varies both within and between industries depending on the size and other...

[Korean Abstract] 본 연구는 글로벌 금융위기와 코로나19 위기 등 주요 경제위기에 따른 기업 및 산업에 대한 영향을 살펴본다. 글로벌 상위기업, 국내 대기업, 국내 중소규모 사업체 등에 대해 다양한 층위에서 분석을 시행한 후...