This thesis presents three essays on the relationship between foreign direct investment (FDI) and performance. It offers new theoretical insights and empirical tests that analyze how performance is driven by competitive advantages, most notably firm-specific assets and multinationality. Using industry-level panel datasets, I explore determinants of profitability and ownership structure of US majority-owned versus non-majority-owned affiliates abroad and the relationship between FDI, research and development (RaD) and industry productivity in the Organization for Economic Cooperation and Development (OECD).In chapter 3, I measure multinationality as the share of foreign direct investment stock in an industrya#39;s total capital stock and firm-specific advantages as the Raamp;D stock divided by capital stock. I analyze how these two measures ofanbsp;...
|Title||:||Foreign Direct Investment, Performance and Competitive Advantage|
|Publisher||:||ProQuest - 2008|