Ownership Structure and Productivity of Multinationals

61 Pages Posted: 7 Feb 2018 Last revised: 2 Jan 2019

See all articles by Cagatay Bircan

Cagatay Bircan

European Bank for Reconstruction and Development (EBRD)

Date Written: August 1, 2017

Abstract

Governments frequently offer multinational companies various incentives in the hope that they will generate benefits to the local economy. But evidence of these benefits remains inconclusive. Do foreign owners actually improve technical efficiency at acquired firms or are they driven more by profit and market power? Do multinationals generate efficiency gains regardless of ownership structure or are some structures more beneficial to the local economy than others? This paper aims to answer these questions and document how multinational ownership affects productivity, competition and selection in the local economy.

Keywords: productivity, acquisitions, ownership structure, foreign direct investment

JEL Classification: D23, F23, L23

Suggested Citation

Bircan, Cagatay, Ownership Structure and Productivity of Multinationals (August 1, 2017). EBRD Working Paper No. 203, Available at SSRN: https://ssrn.com/abstract=3119150

Cagatay Bircan (Contact Author)

European Bank for Reconstruction and Development (EBRD) ( email )

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