{"id":114904,"date":"2024-01-22T19:05:30","date_gmt":"2024-01-22T18:05:30","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/114904\/"},"modified":"2024-11-07T04:25:54","modified_gmt":"2024-11-07T03:25:54","slug":"the-extent-characteristics-and-impacts-of-fdi-and-multinational-firm-activities-a-firm-level-analysis","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/114904\/","title":{"rendered":"The Extent, Characteristics and Impacts of FDI and Multinational Firm Activities. A Firm Level Analysis"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-114904","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The study examines the impact of Austrian outward foreign direct investments (FDI) on home based parent company employment. The analysis is based on the AMADEUS firm-level database and an improved methodology where matching methods are applied and the difference-in-difference estimator. In this way we are able to overcome the major shortcomings of earlier studies on the home market effects of Austrian outward FDI, which included data on foreign direct investors only leading to biased estimates and preventing the deduction of causal relationships. Overall the results indicate that investing abroad strengthens the employment performance in the home country. This is also true for Austrian foreign direct investments in Eastern European locations. We also analyse the major factors determining the firms' decision to invest abroad as well as decisions on the degree of multinationality, which we measure by the number of foreign affiliates owned. Firm size, firm age, the capital intensity and the number of shareholders are significant determinants for the number of subsidiaries. The analysis also corroborates theoretical results establishing the fact that foreign direct investment activities are driven by firm specific advantages and a superior productivity performance in the pre-investment period. Thus, firms that start foreign activities are ex-ante different from non-investing purely domestic firms.","onlinedate":"2011-01-20 01:00:00","lang":"English","publication_series":"FIW \u2013 Forschungsschwerpunkt Internationale Wirtschaft","publication_date":"20091201","publication_date_year":"","publication_date_full":false,"publication_num_pages":"33","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":340291,"zip":null,"link":"","monthly_report":false,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"","journal":"","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[81966],"research_groups":[3491],"collaboration":"","persons":[4397,3907],"persons_data":"[{\"personId\":4397,\"personName\":\"Martin Falk\",\"organisationNames\":[]},{\"personId\":3907,\"personName\":\"Yvonne Wolfmayr\",\"organisationNames\":[]}]","clients":[10674],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_bookanthology rendering_apa rendering_bookanthology_apa\\\"><span>Falk, M.<\\\/span><span>, &amp; Wolfmayr, Y.<\\\/span> (2009). <span><em>The Extent, Characteristics and Impacts of FDI and Multinational Firm Activities. A Firm Level Analysis<\\\/em><\\\/span>. (FIW \u2013 Forschungsschwerpunkt Internationale Wirtschaft). WIFO. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.fiw.ac.at\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.fiw.ac.at<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_bookanthology rendering_vancouver rendering_bookanthology_vancouver\\\"><span>Falk M<\\\/span><span>, Wolfmayr Y<\\\/span>. <span class=\\\"title\\\"><span>The Extent, Characteristics and Impacts of FDI and Multinational Firm Activities. A Firm Level Analysis<\\\/span><\\\/span>. WIFO; 2009.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_bookanthology rendering_bibtex rendering_bookanthology_bibtex\\\"><div>@book{bfa48c9112b042a288e9c53417d24d63,<\\\/div><div>  title     = \\\"The Extent, Characteristics and Impacts of FDI and Multinational Firm Activities. A Firm Level Analysis\\\",<\\\/div><div>  abstract  = \\\"The study examines the impact of Austrian outward foreign direct investments (FDI) on home based parent company employment. The analysis is based on the AMADEUS firm-level database and an improved methodology where matching methods are applied and the difference-in-difference estimator. In this way we are able to overcome the major shortcomings of earlier studies on the home market effects of Austrian outward FDI, which included data on foreign direct investors only leading to biased estimates and preventing the deduction of causal relationships. Overall the results indicate that investing abroad strengthens the employment performance in the home country. This is also true for Austrian foreign direct investments in Eastern European locations. We also analyse the major factors determining the firms' decision to invest abroad as well as decisions on the degree of multinationality, which we measure by the number of foreign affiliates owned. Firm size, firm age, the capital intensity and the number of shareholders are significant determinants for the number of subsidiaries. The analysis also corroborates theoretical results establishing the fact that foreign direct investment activities are driven by firm specific advantages and a superior productivity performance in the pre-investment period. Thus, firms that start foreign activities are ex-ante different from non-investing purely domestic firms.\\\",<\\\/div><div>  author    = \\\"Martin Falk and Yvonne Wolfmayr\\\",<\\\/div><div>  year      = \\\"2009\\\",<\\\/div><div>  month     = dec,<\\\/div><div>  language  = \\\"English\\\",<\\\/div><div>  series    = \\\"FIW \u2013 Forschungsschwerpunkt Internationale Wirtschaft\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_bookanthology rendering_ris rendering_bookanthology_ris\\\"><p>TY  - BOOK<\\\/p><p>T1  - The Extent, Characteristics and Impacts of FDI and Multinational Firm Activities. A Firm Level Analysis<\\\/p><p>AU  - Falk, Martin<\\\/p><p>AU  - Wolfmayr, Yvonne<\\\/p><p>PY  - 2009\\\/12<\\\/p><p>Y1  - 2009\\\/12<\\\/p><p>N2  - The study examines the impact of Austrian outward foreign direct investments (FDI) on home based parent company employment. The analysis is based on the AMADEUS firm-level database and an improved methodology where matching methods are applied and the difference-in-difference estimator. In this way we are able to overcome the major shortcomings of earlier studies on the home market effects of Austrian outward FDI, which included data on foreign direct investors only leading to biased estimates and preventing the deduction of causal relationships. Overall the results indicate that investing abroad strengthens the employment performance in the home country. This is also true for Austrian foreign direct investments in Eastern European locations. We also analyse the major factors determining the firms' decision to invest abroad as well as decisions on the degree of multinationality, which we measure by the number of foreign affiliates owned. Firm size, firm age, the capital intensity and the number of shareholders are significant determinants for the number of subsidiaries. The analysis also corroborates theoretical results establishing the fact that foreign direct investment activities are driven by firm specific advantages and a superior productivity performance in the pre-investment period. Thus, firms that start foreign activities are ex-ante different from non-investing purely domestic firms.<\\\/p><p>AB  - The study examines the impact of Austrian outward foreign direct investments (FDI) on home based parent company employment. The analysis is based on the AMADEUS firm-level database and an improved methodology where matching methods are applied and the difference-in-difference estimator. In this way we are able to overcome the major shortcomings of earlier studies on the home market effects of Austrian outward FDI, which included data on foreign direct investors only leading to biased estimates and preventing the deduction of causal relationships. Overall the results indicate that investing abroad strengthens the employment performance in the home country. This is also true for Austrian foreign direct investments in Eastern European locations. We also analyse the major factors determining the firms' decision to invest abroad as well as decisions on the degree of multinationality, which we measure by the number of foreign affiliates owned. Firm size, firm age, the capital intensity and the number of shareholders are significant determinants for the number of subsidiaries. The analysis also corroborates theoretical results establishing the fact that foreign direct investment activities are driven by firm specific advantages and a superior productivity performance in the pre-investment period. Thus, firms that start foreign activities are ex-ante different from non-investing purely domestic firms.<\\\/p><p>M3  - Study<\\\/p><p>T3  - FIW \u2013 Forschungsschwerpunkt Internationale Wirtschaft<\\\/p><p>BT  - The Extent, Characteristics and Impacts of FDI and Multinational Firm Activities. A Firm Level Analysis<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Extent, Characteristics and Impacts of FDI and Multinational Firm Activities. 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