The Performance of Foreign Affiliates in German Manufacturing: Evidence from a new Database

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The Performance of Foreign Affiliates in German Manufacturing: Evidence from a new Database. / Weche Gelübcke, John Philipp.
In: Review of World Economics, Vol. 149, No. 1, 03.2013, p. 151-182.

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@article{a6761ab79401417f9ed055db0b8c0d3e,
title = "The Performance of Foreign Affiliates in German Manufacturing: Evidence from a new Database",
abstract = "This study presents the first investigation into the performance of foreign-controlled enterprises in German manufacturing, based on new micro-data from official statistics. A comprehensive set of performance variables is examined, not only by comparing unconditional mean values but also by accounting for other determinants and differences across distributions. The analysis reveals a foreign ownership performance premium with regard to productivity, research and development, export intensities, and average wages. Only profitability seems not to differ from German-owned enterprises. Results are verified by varying comparison groups of indigenous firms and separating for high- and low-tech sectors. Furthermore, a breakdown by country of origin and type of group head shows considerable heterogeneity within the group of foreign-controlled affiliates in Germany. ",
keywords = "Economics, Firm performance, Foreign ownership, Inward FDI, Multinational enterprise",
author = "{Weche Gel{\"u}bcke}, {John Philipp}",
year = "2013",
month = mar,
doi = "10.1007/s10290-012-0142-1",
language = "English",
volume = "149",
pages = "151--182",
journal = "Review of World Economics",
issn = "1610-2878",
publisher = "Springer",
number = "1",

}

RIS

TY - JOUR

T1 - The Performance of Foreign Affiliates in German Manufacturing

T2 - Evidence from a new Database

AU - Weche Gelübcke, John Philipp

PY - 2013/3

Y1 - 2013/3

N2 - This study presents the first investigation into the performance of foreign-controlled enterprises in German manufacturing, based on new micro-data from official statistics. A comprehensive set of performance variables is examined, not only by comparing unconditional mean values but also by accounting for other determinants and differences across distributions. The analysis reveals a foreign ownership performance premium with regard to productivity, research and development, export intensities, and average wages. Only profitability seems not to differ from German-owned enterprises. Results are verified by varying comparison groups of indigenous firms and separating for high- and low-tech sectors. Furthermore, a breakdown by country of origin and type of group head shows considerable heterogeneity within the group of foreign-controlled affiliates in Germany.

AB - This study presents the first investigation into the performance of foreign-controlled enterprises in German manufacturing, based on new micro-data from official statistics. A comprehensive set of performance variables is examined, not only by comparing unconditional mean values but also by accounting for other determinants and differences across distributions. The analysis reveals a foreign ownership performance premium with regard to productivity, research and development, export intensities, and average wages. Only profitability seems not to differ from German-owned enterprises. Results are verified by varying comparison groups of indigenous firms and separating for high- and low-tech sectors. Furthermore, a breakdown by country of origin and type of group head shows considerable heterogeneity within the group of foreign-controlled affiliates in Germany.

KW - Economics

KW - Firm performance

KW - Foreign ownership

KW - Inward FDI

KW - Multinational enterprise

UR - http://www.scopus.com/inward/record.url?scp=84873746387&partnerID=8YFLogxK

U2 - 10.1007/s10290-012-0142-1

DO - 10.1007/s10290-012-0142-1

M3 - Journal articles

VL - 149

SP - 151

EP - 182

JO - Review of World Economics

JF - Review of World Economics

SN - 1610-2878

IS - 1

ER -