Surviving the crisis: foreign multinationals vs domestic firms
AbstractStarting from the observation that all firms in Ireland (foreign and domestic in manufacturing and services industries) were hit by the crisis, the paper asks whether there is a difference in the behaviour of foreign and domestic firms. One hypothesis is that foreign multinationals are less linked into the Irish economy, so more likely to leave once the economy is hit by a negative shock. The paper discusses background hypotheses before giving empirical evidence from firstly aggregate data, and secondly firm-level observations. The analysis of the latter suggests that foreign firms are not more likely to leave during the crisis than Irish firms. Some policy conclusions are offered in the paper
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Bibliographic InfoPaper provided by Kiel Institute for the World Economy in its series Kiel Working Papers with number 1700.
Length: 23 pages
Date of creation: May 2011
Date of revision:
firm survival; financial crisis; Ireland;
Find related papers by JEL classification:
- F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
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- Wagner, Joachim & Weche Gelübcke, John Philipp, 2011.
"Foreign Ownership and Firm Survival: First Evidence for Enterprises in Germany,"
IZA Discussion Papers
6207, Institute for the Study of Labor (IZA).
- Joachim Wagner & John Philipp Weche Gelübcke, 2012. "Foreign Ownership and Firm Survival: First Evidence for Enterprises in Germany," Economie Internationale, CEPII research center, issue 132, pages 117-139.
- Joachim Wagner & John P. Weche Geluebcke, 2011. "Foreign Ownership and Firm Survival: First evidence for enterprises in Germany," Working Paper Series in Economics 221, University of Lüneburg, Institute of Economics.
- Antonios Georgopoulos & Felicitas Nowak-Lehmann D. & Vasilios Sogiakas, 2013. "Survival Characteristics and Adjustment of MNE Affiliates in the European Integrated Market," Ibero America Institute for Econ. Research (IAI) Discussion Papers 225, Ibero-America Institute for Economic Research.
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