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at the role of importing, exporting and FDI simultaneously in the context of a global economic recession. We use a tailor … is to demonstrate the disadvantage of exporting for the chances of survival of a firm during the crisis in western … outweigh their losses from exporting with their gains from importing, in what could be called an export-import hedge …
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It is well established in the literature that foreign affiliates are subject to a series of governance and assimilation costs that deteriorate their performance. This is particularly relevant for firms which have been recently acquired by foreign investors. We employ the variation in civic...
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The literature has documented a positive effect of foreign ownership on firm performance. But is this effect due to a one-time knowledge transfer or does it rely on continuous injections of knowledge? To shed light on this question we focus on divestments, that is, foreign affiliates that are...
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