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Individual attitudes towards the impact of multinational corporations on local businesses: how important are individual characteristics and country-level traits?

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  • J. Daniels
  • M. Wang
  • M. C. S. Wong

Abstract

We study the importance of individual characteristics and national factors influencing individual attitudes towards the impact of multinational corporations on local businesses. Our sample includes more than 40 000 respondents in 29 countries from the 2003 National Identity Survey conducted by the International Social Survey Programme. We find that individual demographic factors and socioeconomic status, such as gender, age, income and education, are strong predictors of their attitudes. For example, income and education are positively associated with favourable attitudes towards the impact of multinational corporations (MNCs) on local businesses while age is negatively associated with individual attitudes towards MNCs. In addition, hierarchical ordered logit model results show that approximately 8% of total variations in individual attitudes around our sample mean are not explained by differences in personal traits. Instead, they are due to country-level heterogeneity such as, but not limited to, different degrees of openness or different aggregate income.

Suggested Citation

  • J. Daniels & M. Wang & M. C. S. Wong, 2016. "Individual attitudes towards the impact of multinational corporations on local businesses: how important are individual characteristics and country-level traits?," Applied Economics Letters, Taylor & Francis Journals, vol. 23(7), pages 526-531, May.
    • Handle: RePEc:taf:apeclt:v:23:y:2016:i:7:p:526-531
    DOI: 10.1080/13504851.2015.1085631
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    Cited by:

    1. Ito, Banri & Tanaka, Ayumu & Jinji, Naoto, 2023. "Why do people oppose foreign acquisitions? Evidence from Japanese individual-level data," Japan and the World Economy, Elsevier, vol. 66(C).
    2. Franco, Chiara & Marin, Giovanni & Pietrovito, Filomena, 2022. "Exposure to FDI and attitudes towards multinational enterprises: do M&A impact?," Economics & Statistics Discussion Papers esdp22085, University of Molise, Department of Economics.
    3. Chiara Franco & Giovanni Marin & Filomena Pietrovito, 2023. "Exposure to FDI and attitudes towards multinational enterprises: Do M&A matter?," The World Economy, Wiley Blackwell, vol. 46(6), pages 1648-1669, June.

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