Javorcik, Beata; Poelhekke, Steven - C.E.P.R. Discussion Papers - 2014
on divestments, that is, foreign affiliates that are sold to local owners. To establish a causal effect of the ownership …The literature has documented a positive effect of foreign ownership on firm performance. But is this effect due to a … decline in output, markups as well as export and import intensity. The findings are consistent with the benefits of foreign …