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Foreign Ownership and Firm Survival: First Evidence for Enterprises in Germany

  • Joachim Wagner
  • John Philipp Weche Gelübcke

This paper documents the relationship between foreign ownership and firm survival for enterprises in Germany using unique tailor-made new representative data that merge information from surveys performed by the Statistical Offices, from administrative data collected by the Tax Authorities and from a commercial data provider. It contributes to the literature by providing the first evidence on the role of foreign ownership for the survival of enterprises in Germany, one of the most important destination countries for foreign direct investments. Our micro-econometric analysis reveals a ceteris paribus higher risk of exit for foreign-owned firms.

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File URL: http://www.cepii.fr/IE/resumeEI.asp?NoDoc=4846
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Article provided by CEPII research center in its journal International Economics/Economie Internationale.

Volume (Year): (2012)
Issue (Month): 132 ()
Pages: 117-139

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Handle: RePEc:cii:cepiei:2012-q4-132-4
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  17. Silviano Esteve-Pérez & Juan Máñez-Castillejo & Juan Sanchis-Llopis, 2008. "Does a “survival-by-exportingâ€\x9D effect for SMEs exist?," Empirica, Springer, vol. 35(1), pages 81-104, March.
  18. Silviano Pérez & Amparo Llopis & Juan Llopis, 2004. "The Determinants of Survival of Spanish Manufacturing Firms," Review of Industrial Organization, Springer, vol. 25(3), pages 251-273, 08.
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  20. Jiatao Li & Stephen Guisinger, 1991. "Comparative Business Failures of Foreign-Controlled Firms in the United States," Journal of International Business Studies, Palgrave Macmillan, vol. 22(2), pages 209-224, June.
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  23. John P. Weche Geluebcke, 2011. "Foreign Ownership and Firm Performance in German Services: First Evidence based on Official Statistics," Working Paper Series in Economics 213, University of Lüneburg, Institute of Economics.
  24. Jovanovic, Boyan, 1982. "Selection and the Evolution of Industry," Econometrica, Econometric Society, vol. 50(3), pages 649-70, May.
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