Multinationals and firm heterogeneity: a non-parametric test
This paper, dealing with heterogeneity among multinationals, examines the performance differences between and within foreign owned firms and domestic multinationals in Italy. For the empirical analysis a non-parametric approach based on the concept of first order stochastic dominance has been applied. Results indicate a higher level of labour productivity and a higher average wage for foreign owned firms in respect to domestic multinational firms, which dominate in terms of return on sales and leverage. Robust results are found within domestic multinationals, the parent firms investing only in developed countries show a better performance than those investing only in less developed countries and are characterised by lower leverage. With respect to foreign owned firms, the evidence in favour of US owned firms, in respect to European owned firms, is not so clear. Finally, using a linear regression analysis, it is found that domestic multinationals investing both in developed and less developed countries seem to be the more productive firms.
|Date of creation:||Nov 2007|
|Contact details of provider:|| Postal: via dei Caniana, 2 - 24127 BERGAMO|
Phone: 0039 035 2052111
Web page: http://www.unibg.it/struttura/en_struttura.asp?cerca=en_dse_intro
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Bee Yan Aw & Sukkyun Chung & Mark J. Roberts, 1998. "Productivity and the Decision to Export: Micro Evidence from Taiwan and South Korea," NBER Working Papers 6558, National Bureau of Economic Research, Inc.
When requesting a correction, please mention this item's handle: RePEc:brg:wpaper:0706. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (University of Bergamo Library)
If references are entirely missing, you can add them using this form.