Governments frequently offer multinational companies various incentives in the hope that they will generate benefits to the local economy. But evidence of these benefits remains inconclusive. Do foreign owners actually improve technical efficiency at acquired firms or are they driven more by...

Governments frequently offer multinational companies various incentives in the hope that they will generate benefits to the local economy. But evidence of these benefits remains inconclusive. Do foreign owners actually improve technical efficiency at acquired firms or are they driven more by...

This study hypothesises that the level of foreign equity participation is a key determinant of the multinational wage premium. In particular, the breakdown of equity in a foreign investment project determines the extent to which a multinational parent company transfers proprietary assets to its...