We examine the process of internationalisation of firms, contributing to the knowledge on the factors behind a successful entry and operation in the export markets using duration analysis. Rich longitudinal micro-level data on Finnish manufacturing plants allow an in-depth analysis of the life cycle of exporting plants over a time span of up to 25 years. In the first part of the analysis, we focus on the factors that explain the duration of time until entering plants start to export. The second part of the study concentrates on the duration of time until exit from the export markets. Our special focus is on the effects of foreign ownership, human capital and industry spillovers on export market entry and exit.
We examine the process of internationalisation of firms, contributing to the knowledge on the factors behind a successful entry and operation in the export markets using duration analysis. Rich longitudinal micro-level data on Finnish manufacturing plants allow an indepth analysis of the life cycle of exporting plants over a time span of up to 25 years. In the first part of the analysis, we focus on the factors that explain the duration of time until entering plants start to export. The second part of the study concentrates on the duration of time until exit from the export markets. Our special focus is on the effects of foreign ownership, human capital and industry spillovers on export market entry and exit.JEL Classification: F14, F23, L25.
The novel Finnish Longitudinal OWNer-Employer-Employee (FLOWN) database was used to analyze how the characteristics of owners and employees relate to firm performance as determined by labor productivity, survival and employment growth. Focusing on the role of the owner's formal education and previous experience as an employee, the results show that previous experience in a high-productivity firm strongly predicts high productivity and probability of survival for the entrepreneur's new firm. This can be interpreted as evidence of knowledge spillover through labor mobility. Strikingly, firms established in times of intensive excess job reallocation were found to exhibit superior productivity performance in the later phases of their life cycles.
Purpose -The purpose of this paper is to examine the determinants of labour market outcomes after the initial vocational basic education (ISCED 3). Design/methodology/approach -A multinomial logit model is used for examining the effect of school resources and other factors on students' post-schooling outcomes defined as employment, further studies, non-employment and dropping out. Analysis has been done by using unique linked register data on students, their parents, teachers, educational organisations and business companies in Finland.Findings -The results indicate that teaching expenditures do not matter but teachers' characteristics have a role to play. Teachers with a university degree increase the employment probability of the students, whereas the formal competence of the teachers does not have such positive effects. The students' characteristics and performance in comprehensive schools play an important role in determining the outcomes. Local business conditions affect the outcomes of boys but less those of girls. The official quality evaluations adopted in recent years seem to pay attention especially to such aspects of education production that are important for providing capabilities for further studies but less so for employability. Originality/value -Employability seems to be a great challenge to the initial vocational basic education. The findings for local business conditions give support to the view that measures of education policy do not suffice but need to be complemented with those of regional or employment policy, for example, policies aiming to increase regional mobility of the labour force. Such complementary tools are particularly important for boys.
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