Corporate Performance: Does Ownership Matter? A Comparison of Foreign- and Domestic-Owned Firms in Greece and Portugal

被引：0
|
作者：
Natália Barbosa
Helen Louri
机构：
[1] Universidade do Minho,Escola de Economia e Gestão
[2] Athens University of Economics and Business,undefined
来源：
Review of Industrial Organization | 2005年 / 27卷
关键词：
Manufacturing industry; quantile regression; multinational corporations; profitability;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
The paper investigates whether multinational corporations (MNCs) operating in Portugal and Greece perform differently than domestic firms. Departures from normality of firms’ profitability motivated the use of quantile regression. The results suggest that ownership ties do not make a significant difference with respect to performance of firms in Portugal. Results are similar for firms in Greece. Only when firms in the upper quantiles of gross profits are compared, MNCs are found to significantly perform better than domestic firms. MNCs have to compensate for their liability of foreigness that in spite of their technological advantages they cannot persistently outperform domestic rivals.
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页码：73 / 102
页数：29
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