“…In recent years, MNEs attracted increasing attention in the theoretical and empirical IO‐literature. In particular, one strand within the empirical firm growth literature argues that firm growth dynamics differ between purely domestically oriented companies and subsidiaries of MNEs (see, Buckley et al ., ; Cantwell and Sanna‐Randaccio, ; Bloningen and Tomlin, ; Pearce, ; Belderbos and Zou, ; Papanastassiou et al ., ; Oberhofer and Pfaffermayr, ) . Furthermore, exporting firms as well as MNEs are exposed to different domestic and non‐domestic business type fluctuations.…”