Why Foreign-owned Firms are Different: A Conceptual Framework and Empirical Evidence for Austria

Pfaffermayr, Michael; Bellak, Christian

doi:10.1057/9780230503434_2

Cited by 63 publications

(40 citation statements)

References 19 publications

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“…To these authors, multinationality matters more than foreignness in explaining productivity, an opinion corroborated by Piscitello and Rabbiosi. These results are in line with Pfaffermayr and Bellak (2000), who found that the productivity and profitability gap could not be explained by foreign ownership per se, but by belonging to a multinational network permitting effective exploitation of FSAs.…”

Section: Outward Fdi and Public Policysupporting

confidence: 91%

FDI and multinationals: patterns, impacts and policies

Tavares¹,

Young

2005

International Journal of the Economics of Business

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Section: Outward Fdi and Public Policysupporting

confidence: 91%

FDI and multinationals: patterns, impacts and policies

Tavares¹,

Young

2005

International Journal of the Economics of Business

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“…Our data shows that, in 1988, SMEs represented 98% of total manufacturing 6 Panel data models allow us to assess firm growth measures longitudinally, rather than cross-sectionally. The literature points that cross-sectional measurement of firm performance is insufficient and that it should be measured longitudinally, due to the importance of time the dimension (e.g., Pfaffermayr and Bellak 2002;Hult et al 2008). 7 Eurostat -Statistics in focus (31/2008) -Industry, Trade and Services firms, accounting for 64% of total employment.…”

Section: Data Methodology and Variablesmentioning

confidence: 99%

Employment and SMEs during crises

Varum

Rocha

2011

Small Bus Econ

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The current economic crisis has raised concerns about the persistent increasing duration of unemployment. Although lay-offs at large firms normally make headlines during crises, we still know little about the potential impact of firm size on firms' adjustment behavior under a crisis context. We study firm size effects on employment growth during economic slowdowns, using a rich microeconomic database for the 1988-2007 period in the Portuguese manufacturing industry. The results show that economic downturns impacted negatively upon firm growth. This negative impact is found to be higher for larger firms, either during or also immediately after crisis periods. Small and medium sized enterprises (SMEs) emerge as potential stabilizers in downturn periods. However, larger firms seem to be able to quickly recover from downturn periods.Our results contribute to the scarce literature on these matters and also to the understanding of the Portuguese case, where there are a great number of SMEs which secure the majority of jobs. These first results may be useful as SMEs play a determinant role in other economies of the European Union (EU).

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“…Some evidence suggests that firms pertaining to a group are more likely to cooperate for innovation or outsource R&D because they may be able to use their internal networks to recruit and supervise external R&D partners or providers of technology (Molero and Heijs, 2002;Segarra-Blasco and Arauzo-Carod, 2008;Teirlinck, et al, 2010). A different technology sourcing behaviour of MNE subsidiaries might not be due to the foreign ownership per se, but rather the fact that those firms operate within a company network (Pfaffermayr and Bellak, 2002). In this respect, foreign subsidiaries could follow patterns of technology sourcing similar to domestic firms belonging to a company group.…”

mentioning

confidence: 99%

Foreign Subsidiaries and Technology Sourcing in Spain

Holl

Rama

2014

Industry and Innovation

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Abstract. Firms acquire external technological knowledge via different channels. In this paper we compare the technology sourcing via R&D outsourcing, R&D outsource offshoring, domestic cooperation for innovation and international cooperation for innovation of foreign subsidiaries and domestic firms. Because the different technology sourcing choices are potentially correlated we apply a multivariate probit specification which allows for systematic correlations among the different choices. The results show that the different technology sourcing choices are indeed interdependent and that foreign subsidiaries show a different pattern of external technology sourcing. Compared to affiliated domestic companies, foreign subsidiaries show a smaller propensity for external technology sourcing via R&D outsourcing from independent firms in the host country, for R&D outsource offshoring, and for international cooperation for innovation. In contrast, foreign subsidiaries show a greater propensity for domestic cooperation for innovation.

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Why Foreign-owned Firms are Different: A Conceptual Framework and Empirical Evidence for Austria

Cited by 63 publications

References 19 publications

FDI and multinationals: patterns, impacts and policies

FDI and multinationals: patterns, impacts and policies

Employment and SMEs during crises

Foreign Subsidiaries and Technology Sourcing in Spain

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