Firm growth in multinational corporate groups

Arbeitspapier

This paper formulates an econometric firm growth model that explicitly accounts for interdependence of growth performance within multinational corporate networks. We apply a recently introduced IV-estimation procedure for peer group effects to directly test for externalities within multinational corporate networks. Using European firm level data, our results reveal positive externalities within vertically organized multinational networks, while they are negative for horizontally organized ones. In the former case, multinational corporate groups are more stable and adjust faster on average. In the latter case, externalities lead to more heterogeneity in the firm growth processes within the network and slower average size adjustment.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Working Papers in Economics and Finance ; No. 2010-07

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Single Equation Models; Single Variables: Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions ; Multinational Firms; International Business ; Organization of Production ; Firm Performance: Size, Diversification, and Scope
• Thema: Firm growth ; Size Adjustment ; Multinational Corporate Groups ; Peer Group Effect Estimation

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Oberhofer, Harald ; Pfaffermayr, Michael
• Ereignis: Veröffentlichung
• (wer): University of Salzburg, Department of Social Sciences and Economics
• (wo): Salzburg
• (wann): 2010

Weitere Informationen

• Handle: http://hdl.handle.net/10419/71855
• Letzte Aktualisierung: 10.03.2025, 11:45 MEZ