Corporate performance : does ownership matter? A comparison of foreign - and domestic - owned firms in Greece and Portugal
Autor(a) principal: | |
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Data de Publicação: | 2003 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/1822/11259 |
Resumo: | The paper investigates whether multinational corporations (MNCs) operating in Portugal and Greece perform differently than domestic firms using two samples. The first contains 2651 and the second 523 firms operating in Greece in 1997 and Portugal in 1992 respectively. Departures from normality of firms' profitability motivated the adoption of the robust technique of quantile regression. The estimation results suggest that ownership ties do not make a significant difference with respect to performance of firms operating in Portugal. Results were similar for firms operating in Greece and only when firms in the upper quantiles of gross profits were compared, MNCs were found to significantly perform better than domestic firms. It is probably because MNCs have to compensate for their liability of foreigness that in spite of their technological advantages they cannot persistently outperform their domestic rivals. |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Corporate performance : does ownership matter? A comparison of foreign - and domestic - owned firms in Greece and PortugalMultinational corporationsProfitabilityManufacturing industryQuantile regressionThe paper investigates whether multinational corporations (MNCs) operating in Portugal and Greece perform differently than domestic firms using two samples. The first contains 2651 and the second 523 firms operating in Greece in 1997 and Portugal in 1992 respectively. Departures from normality of firms' profitability motivated the adoption of the robust technique of quantile regression. The estimation results suggest that ownership ties do not make a significant difference with respect to performance of firms operating in Portugal. Results were similar for firms operating in Greece and only when firms in the upper quantiles of gross profits were compared, MNCs were found to significantly perform better than domestic firms. It is probably because MNCs have to compensate for their liability of foreigness that in spite of their technological advantages they cannot persistently outperform their domestic rivals.Fundação para a Ciência e a Tecnologia (FCT)Universidade do Minho. Núcleo de Investigação em Microeconomia Aplicada (NIMA)Universidade do MinhoBarbosa, NatáliaLouri, Helen2003-102003-10-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/1822/11259engBARBOSA, Natália ; LOURI, Helen - " Corporate performance : does ownership matter? A comparison of foreign - and domestic - owned firms in Greece and Portugal" [Em linha]. Braga : Núcleo de Investigação em Microeconomia Aplicada, 2003. [Consult. 14 Dez. 2010]. Disponível em WWW:<URL:http://nima.eeg.uminho.pt/uploads/EEG161107NIMA26.pdf>.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-21T12:20:24Zoai:repositorium.sdum.uminho.pt:1822/11259Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T19:13:31.595578Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Corporate performance : does ownership matter? A comparison of foreign - and domestic - owned firms in Greece and Portugal |
title |
Corporate performance : does ownership matter? A comparison of foreign - and domestic - owned firms in Greece and Portugal |
spellingShingle |
Corporate performance : does ownership matter? A comparison of foreign - and domestic - owned firms in Greece and Portugal Barbosa, Natália Multinational corporations Profitability Manufacturing industry Quantile regression |
title_short |
Corporate performance : does ownership matter? A comparison of foreign - and domestic - owned firms in Greece and Portugal |
title_full |
Corporate performance : does ownership matter? A comparison of foreign - and domestic - owned firms in Greece and Portugal |
title_fullStr |
Corporate performance : does ownership matter? A comparison of foreign - and domestic - owned firms in Greece and Portugal |
title_full_unstemmed |
Corporate performance : does ownership matter? A comparison of foreign - and domestic - owned firms in Greece and Portugal |
title_sort |
Corporate performance : does ownership matter? A comparison of foreign - and domestic - owned firms in Greece and Portugal |
author |
Barbosa, Natália |
author_facet |
Barbosa, Natália Louri, Helen |
author_role |
author |
author2 |
Louri, Helen |
author2_role |
author |
dc.contributor.none.fl_str_mv |
Universidade do Minho |
dc.contributor.author.fl_str_mv |
Barbosa, Natália Louri, Helen |
dc.subject.por.fl_str_mv |
Multinational corporations Profitability Manufacturing industry Quantile regression |
topic |
Multinational corporations Profitability Manufacturing industry Quantile regression |
description |
The paper investigates whether multinational corporations (MNCs) operating in Portugal and Greece perform differently than domestic firms using two samples. The first contains 2651 and the second 523 firms operating in Greece in 1997 and Portugal in 1992 respectively. Departures from normality of firms' profitability motivated the adoption of the robust technique of quantile regression. The estimation results suggest that ownership ties do not make a significant difference with respect to performance of firms operating in Portugal. Results were similar for firms operating in Greece and only when firms in the upper quantiles of gross profits were compared, MNCs were found to significantly perform better than domestic firms. It is probably because MNCs have to compensate for their liability of foreigness that in spite of their technological advantages they cannot persistently outperform their domestic rivals. |
publishDate |
2003 |
dc.date.none.fl_str_mv |
2003-10 2003-10-01T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/1822/11259 |
url |
http://hdl.handle.net/1822/11259 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
BARBOSA, Natália ; LOURI, Helen - " Corporate performance : does ownership matter? A comparison of foreign - and domestic - owned firms in Greece and Portugal" [Em linha]. Braga : Núcleo de Investigação em Microeconomia Aplicada, 2003. [Consult. 14 Dez. 2010]. Disponível em WWW:<URL:http://nima.eeg.uminho.pt/uploads/EEG161107NIMA26.pdf>. |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Universidade do Minho. Núcleo de Investigação em Microeconomia Aplicada (NIMA) |
publisher.none.fl_str_mv |
Universidade do Minho. Núcleo de Investigação em Microeconomia Aplicada (NIMA) |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799132574522540032 |