firms to serve foreign markets either through exports or local subsidiary sales (FDI). These modes of market access involve … serve the overseas market via FDI. The Paper then explores several implications of the individual firms’ decisions for … aggregate export and FDI sales relative to the domestic and foreign market sizes. In particular, it is shown that firm level …

the literature to include a new group of variables related to FDI, namely the degree of foreign ownership and technology …

counterparts. We also examine the effect of the acquisition of a domestic establishment by a foreign owner on returns to scale and … counterfactual and to determine the post-acquisition changes in RTS and productivity that can be attributed to the incidence of … acquisition, rather than to changes in other external conditions. In both sectors, acquisition has a negative effect on RTS …

foreign ownership and plant productivity. To control for the possible endogeneity of the FDI decision, a difference … become visible in the acquisition year and continue in subsequent periods. After three years, the acquired plants outperform … the control group in terms of productivity by 34 percentage points. The data also suggest that the rise in productivity is …

the home country effects of FDI are, to a large extent, determined by the home country’s economic environment. …

This Paper studies cross-border acquisitions and greenfield entry in a multi-firm setting. Acquisition entry is more …