Foreign subsidiary performance and market efficiency effects are estimated and confronted in this paper using a rich firm-level panel for Polish manufacturing. Besides estimating total factor productivity, other performance measures are calculated and contrasted such as labor productivity,...

Infant industries have come to be associated with behind the frontier technologies in developing countries. This paper takes a fresh look at the infant industry problem and in the more contemporary perspective of developed-emerging economy competition in lead markets such as for example the...

The objective of the paper is to investigate the relative performance of firms with and without foreign capital participation in Turkey. The focus is solely on investment performance as the leading pro-cyclical economic and financial sentiment indicator. Having access to a unique longitudinal...