Does Foreign Ownership Matter? Russian Experience

Yudaeva, Ksenia; Козлов, К. В.; Melentieva, Natalya; Ponomareva, Natalya

doi:10.2139/ssrn.257081

Cited by 33 publications

(24 citation statements)

References 22 publications

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“…These spillover effects of knowledge transfer (technology, management, and expertise) are the main reasons for their positive influence of exporting and foreign ownership on firm growth. Studies from TEs such as Russia support views that foreign ownership has a positive effect on firm performance (Djankov and Murrell 2002;Yudaeva et al 2003). Foreign ownership contributes to import of advanced technologies, training, and vertical technology transfers through diffusing technology, and more importantly, for developing countries capital investment (Taymaz and Özler 2007) and TEs (Hashi and Krasniqi 2011).…”

Section: Managerial Capacities Strategy and Growth Aspirationmentioning

confidence: 99%

Small firm growth in a post-conflict environment: the role of human capital, institutional quality, and managerial capacities

Krasniqi

Mustafa²

2016

Int Entrep Manag J

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Drawing on concepts from earlier theories of firm growth (Gibrat's Law -GL, Jovanovic's Learning Theory-JLT, Resource Based View-RBV, and Institutional Theory-IT) this paper empirically tests the large sets of variables as predictors of small firm growth that accounts for wide range of factors affecting small firm growth in Kosova (human capital, institutional quality, and managerial capacities). Using data from a sample of 1606 entrepreneurs based on three pooled SME surveys this study controls for potential biases in other studies in transition economies (TEs) that overlooked internal factors compared to institutional factors. Findings based on Probit and Tobit models show that growth aspirations, managerial capacities and training are among the most significant variables associated with growth. Among the institutional quality variables, only corruption appears to be significant and negatively associated with growth. Other important factors for explaining a small firm growth are firm size and age, and export involvement. This study contributes to literature on small firms growth in TEs and highlights several managerial and policy implications to foster a small firm growth.

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Section: Managerial Capacities Strategy and Growth Aspirationmentioning

confidence: 99%

Small firm growth in a post-conflict environment: the role of human capital, institutional quality, and managerial capacities

Krasniqi

Mustafa²

2016

Int Entrep Manag J

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“…Nonetheless, these positive effects are not consistently found in developing countries and tend to be negative in Central and Eastern European Countries. Djankov and Hoekman (2000) find negative spillovers in the Czech Republic, Yudaeva et al (2003) report positive horizontal but negative vertical spillovers in Russia, while Konings (2001) finds negative spillovers to domestic firms in Bulgaria and Romania, but no spillover effects in Poland. Girma et al (2001) report no evidence for spillovers on average but instead, they find evidence for spillovers to firms with a low technology gap with MNEs.…”

Section: Literature Reviewmentioning

confidence: 99%

The Impact of Foreign Direct Investments on SMEs’ Development

Tülüce

Doğan

2014

Procedia - Social and Behavioral Sciences

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Foreign direct investment (FDI) is a crucial factor in international economic integration. FDI creates direct, stable and long-lasting links between economies. It promotes the transfer of new technology and know-how between countries, and provides the host economy to promote its products more widely in international markets. FDI is also an extra funding source for investment and, under the right policy environment, it can be an important channel for development of SMEs. Increased FDI inflows to a country can create several positive economic effects. Among others, FDI can affect labour and capital markets, trade patterns and economic growth. It is well known from the theory of host country effects of FDI that in order for FDI to occur, the multinational enterprise (MNE) must have some firm specific advantages compared to the enterprises in the host economy. These firm specific advantages may result in technology transfer from the parent firm to its affiliate in the host country of investment and related spillover effects in the host economy by firms. We survey the recent theoretical and empirical literature, but restrict our attention to the productivity changes that are induced by increased FDI inflows. We review both the aggregate productivity effects, as well as the spillover effects of FDI on SMEs.

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“…Only very recently research on intersectoral externalities has emerged (Barrios and Strobl, 2002;Schoors and van der Tol, 2002;Damijan et al, 2003;Yudaeva et al, 2003;Kugler, 2005). Measurement difficulties seem to be the main reason for this scarce attention.…”

Section: Introductionmentioning

confidence: 99%

Foreign Direct Investment Spillovers in Portugal: Additional Lessons from a Country Study

2007

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This paper investigates the impact of foreign direct investment (FDI) on the productivity of Portuguese manufacturing sectors. It improves on previous studies by considering the choice of the most appropriate interval of the technological gap for spillovers diffusion. Sectoral variation in the coefficients of the spillover effect is also allowed for. Idiosyncratic factors are identified by means of a fixed effects panel model and positive inter-sectoral spillovers are also examined. Significant spillovers require a proper technological differential between foreign and domestic producers and favourable sectoral characteristics. They may occur in modern industries in which the foreign firms have a clear, but not too sharp, edge on the domestic ones. Agglomeration effects are also a pertinent specific influence. Ce texte examine les r�percussions des investissements directs �trangers (IDE) sur la productivit� des secteurs manufacturiers au Portugal. La sp�cification du mod�le est am�lior�e par le choix de l'intervalle le plus appropri� de l'�cart technologique pour la diffusion des spillovers. Nous tenons �galement compte des variations sectorielles dans les coefficients de spillovers; des facteurs sectoriels idiosyncrasiques sont identifi�s au moyen d'un mod�le � effets fixes. Les spillovers intersectoriels positifs sont examin�s. Des spillovers importants requi�rent un v�ritable �cart technologique entre producteurs �trangers et domestiques ainsi que des caract�ristiques sectorielles favorables. Ils peuvent se produire dans les industries modernes o� les entreprises �trang�res jouissent d'une sup�riorit� nette, mais pas trop marqu�e. Les effets d'agglom�ration exercent aussi une influence sp�cifique pertinente.

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Does Foreign Ownership Matter? Russian Experience

Cited by 33 publications

References 22 publications

Small firm growth in a post-conflict environment: the role of human capital, institutional quality, and managerial capacities

Small firm growth in a post-conflict environment: the role of human capital, institutional quality, and managerial capacities

The Impact of Foreign Direct Investments on SMEs’ Development

Foreign Direct Investment Spillovers in Portugal: Additional Lessons from a Country Study

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