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.
Lüneburg : Institut für Volkswirtschaftslehre der Universität Lüneburg, 2011. (Working Papers in Economics; No. 216).Research output: Working paper › Working papers
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RIS
TY - UNPB
T1 - The Performance of Foreign Affiliates in German Manufacturing: Evidence from a new Database
AU - Weche Gelübcke, John Philipp
PY - 2011/11
Y1 - 2011/11
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 was examined not only by comparing unconditional mean values but also by accounting for other determinants and differences across distributions. The analysis revealed a foreign ownership performance premium with regard to productivity, R&D and export intensities, and average wages. Only profitability did not seem to differ from German-owned enterprises. Results were 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 ownership showed considerable heterogeneity 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 was examined not only by comparing unconditional mean values but also by accounting for other determinants and differences across distributions. The analysis revealed a foreign ownership performance premium with regard to productivity, R&D and export intensities, and average wages. Only profitability did not seem to differ from German-owned enterprises. Results were 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 ownership showed considerable heterogeneity of foreign-controlled affiliates in Germany.
KW - Economics
KW - foreign ownership
KW - firm performance
KW - inward FDI
KW - multinational enterprise
M3 - Working papers
T3 - Working Papers in Economics
BT - The Performance of Foreign Affiliates in German Manufacturing: Evidence from a new Database
PB - Institut für Volkswirtschaftslehre der Universität Lüneburg
CY - Lüneburg
ER -