The productivity and wage effects of foreign acquisition in the United Kingdom
UNSPECIFIED. (2002) The productivity and wage effects of foreign acquisition in the United Kingdom. JOURNAL OF INDUSTRIAL ECONOMICS, 50 (1). pp. 85-102. ISSN 0022-1821Full text not available from this repository.
This paper provides a systematic empirical analysis of the impact of foreign ownership on productivity and wages in the United Kingdom. Using a specially constructed database for the period 1989-1994, it uses ownership change (acquisition) to control for unobserved differences between plants. It finds that foreign firms pay equivalent employees 3.4% more than domestic firms, though this is wholly attributable to their higher levels of productivity. Firms which are acquired by foreign companies exhibit an increase in labour productivity of 13%.
|Item Type:||Journal Article|
|Subjects:||H Social Sciences > HG Finance
H Social Sciences > HC Economic History and Conditions
|Journal or Publication Title:||JOURNAL OF INDUSTRIAL ECONOMICS|
|Publisher:||BLACKWELL PUBL LTD|
|Number of Pages:||18|
|Page Range:||pp. 85-102|
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