Going Multinational: What are the Effects on Home-Market Performance?
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Robert Jäckle
Abstract
This paper compares the home-market performance of German multinational enterprises (MNEs) and national firms, both before and after switching from national to multinational activities. Regarding the former case, our results show that future multinationals outperform domestic firms. When assessing the ex post performance of multinationals, selectivity issues must be taken into account. Applying an endogenous treatment model, it turns out that after switching, both productivity and wage growth are higher at newly founded MNEs. While capital intensities increase compared with those of national firms, employment growth rates are negatively related to switching, suggesting that home and foreign employment are substitutes.
© 2019 by Walter de Gruyter Berlin/Boston
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- Always Poor or Never Poor and Nothing in Between? Duration of Child Poverty in Germany
- Downward Wage Rigidity in Europe: A New Flexible Parametric Approach and Empirical Results
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Artikel in diesem Heft
- Survey on the Shadow Economy and Undeclared Earnings in OECD Countries
- Always Poor or Never Poor and Nothing in Between? Duration of Child Poverty in Germany
- Downward Wage Rigidity in Europe: A New Flexible Parametric Approach and Empirical Results
- Going Multinational: What are the Effects on Home-Market Performance?
- Euro-Area Yield Curve Reaction to Monetary News
- Consumer Expenditures and Home Production at Retirement – New Evidence from Germany
