Javorcik, Beata K. Smarzynska; Poelhekke, Steven - 2014
The literature has documented a positive effect of foreign ownership on firm performance. But is this effect due to a … on divestments, that is, foreign affiliates that are sold to local owners. To establish a causal effect of the ownership … characteristics is available two years before and three years after the ownership change and for which observationally similar control …