The article entitled “Foreign influence, control, and indirect ownership: Implications for productivity spillovers” investigates how the presence of ‘controlled’ foreign firms affect the productivity of domestic firms in the same industry. The authors posit that ‘controlled’ foreign firms will generate larger productivity spillovers than non-controlled foreign firms. The article analyses a firm-level panel dataset of 575,844 manufacturing firms (2,343,495 observations) across 20 European countries to test our proposition.
Full reference: McGaughey, S.L., Raimondos, P. & la Cour, L. Foreign influence, control, and indirect ownership: Implications for productivity spillovers. J Int Bus Stud 51, 1391–1412 (2020). https://doi.org/10.1057/s41267-020-00350-w