Arbeitspapier
Firm growth in multinational corporate groups
This paper formulates an econometric firm growth model that explicitly accounts for the interdependence of firm performance within corporate networks and is in line with several economic theories on firm growth. We estimate the model for national and multinational corporate groups (MNEs) using a recently introduced instrumental variable estimation procedure for peer group effects developed by Lee (2007). In our data for corporate groups the observation of fast growing young firms and slow growing old firms disappears if interdependence of firm performance within corporation networks is introduced.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Papers in Economics and Statistics ; No. 2008-10
- Klassifikation
-
Wirtschaft
Single Equation Models; Single Variables: Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions
Multinational Firms; International Business
Firm Performance: Size, Diversification, and Scope
- Thema
-
firm growth
size adjustment
corporate groups
multinational activity
peer-group effect estimation
Unternehmenswachstum
Betriebsgröße
Unternehmenskooperation
Multinationales Unternehmen
Europa
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Oberhofer, Harald
Pfaffermayr, Michael
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Innsbruck, Department of Public Finance
- (wo)
-
Innsbruck
- (wann)
-
2008
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Oberhofer, Harald
- Pfaffermayr, Michael
- University of Innsbruck, Department of Public Finance
Entstanden
- 2008