Arbeitspapier
Home Firm Performance after Foreign Investments and Divestitures
Being international' has nearly become an undisputed aim for firms in a globalized world. Several papers find a positive relationship between foreign direct investment (FDI) and the home performance of firms. In this paper we address the 'FDI - export' relationship to better understand this pattern. Furthermore, by presenting first results on firm's post-divestiture employment growth at home we are able to provide a more comprehensive view on fi rm performance after stepping in and out of foreign markets. We apply a propensity score matching technique in combination with a difference-in-difference estimator to analyze the performance dynamics of French firms that invested abroad or carried out foreign divestitures during the period 2000-2007. FDI has on average a positive home firm eff ect in terms of export share, operating turnover and employment. Industry differences reveal that firms in high-tech industries experience a strong increase in their home performance, whereas firm performance in low-tech industries increases only moderately in post-investment periods. In contrast, the divestiture impact on the post-divestiture performance is rather negligible.
- ISBN
-
978-3-86788-217-0
- Sprache
-
Englisch
- Erschienen in
-
Series: Ruhr Economic Papers ; No. 193
- Klassifikation
-
Wirtschaft
International Investment; Long-term Capital Movements
Multinational Firms; International Business
Firm Behavior: Theory
Firm Performance: Size, Diversification, and Scope
- Thema
-
Foreign markets
entry and exit
firm performance
Multinationales Unternehmen
Internationale Markteintrittsstrategie
Direktinvestition
Desinvestition
Außenhandelswirtschaft
Unternehmensentwicklung
Beschäftigungseffekt
Marktanteil
Umsatz
Frankreich
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Engel, Dirk
Procher, Vivien
- Ereignis
-
Veröffentlichung
- (wer)
-
Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI)
- (wo)
-
Essen
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Engel, Dirk
- Procher, Vivien
- Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI)
Entstanden
- 2010
Ähnliche Objekte (12)
Home Firm Performance after Foreign Investments and Divestitures
Home bank intermediation of foreign direct investment
How Does Foreign Direct Investment Measure Real Investment by Foreign-owned Companies? Firm-level Analysis
How well does foreign direct investment measure real investment by foreign-owned companies? Firm-level analysis
Foreign investment regulation and firm productivity: Granular evidence from Indonesia
Firm heterogeneity, financial development, foreign direct investment, and monetary policy
Firm heterogeneity, financial development, foreign direct investment, and monetary policy
Firm-Specific Characteristics and the Timing of Foreign Direct Investment Projects
Foreign Direct Investment, Trade and Development : Firm Linkages and Knowledge Transfer
Firm-specific characteristics and the timing of foreign direct investment projects
Home Market Effects of Foreign Direct Investment: The Case of Germany
Corporate Governance and Merger and Acquisition Foreign Direct Investment: Firm-level Evidence from Japanese Foreign Direct Investment into the US
Home Firm Performance after Foreign Investments and Divestitures
Home bank intermediation of foreign direct investment
How Does Foreign Direct Investment Measure Real Investment by Foreign-owned Companies? Firm-level Analysis
How well does foreign direct investment measure real investment by foreign-owned companies? Firm-level analysis
Foreign investment regulation and firm productivity: Granular evidence from Indonesia
Firm heterogeneity, financial development, foreign direct investment, and monetary policy
Firm heterogeneity, financial development, foreign direct investment, and monetary policy
Firm-Specific Characteristics and the Timing of Foreign Direct Investment Projects
Foreign Direct Investment, Trade and Development : Firm Linkages and Knowledge Transfer
Firm-specific characteristics and the timing of foreign direct investment projects
Home Market Effects of Foreign Direct Investment: The Case of Germany
Corporate Governance and Merger and Acquisition Foreign Direct Investment: Firm-level Evidence from Japanese Foreign Direct Investment into the US
Home Firm Performance after Foreign Investments and Divestitures
Home bank intermediation of foreign direct investment
How Does Foreign Direct Investment Measure Real Investment by Foreign-owned Companies? Firm-level Analysis
How well does foreign direct investment measure real investment by foreign-owned companies? Firm-level analysis
Foreign investment regulation and firm productivity: Granular evidence from Indonesia
Firm heterogeneity, financial development, foreign direct investment, and monetary policy
Firm heterogeneity, financial development, foreign direct investment, and monetary policy
Firm-Specific Characteristics and the Timing of Foreign Direct Investment Projects
Foreign Direct Investment, Trade and Development : Firm Linkages and Knowledge Transfer
Firm-specific characteristics and the timing of foreign direct investment projects
Home Market Effects of Foreign Direct Investment: The Case of Germany