Firm heterogeneity and the market scope of European multinational activity
comunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8643
comunitat-uji-handle3:10234/8644
comunitat-uji-handle4:
INVESTIGACIONMetadatos
Título
Firm heterogeneity and the market scope of European multinational activityFecha de publicación
2017-09Editor
ElsevierCita bibliográfica
ALGUACIL, Maite; MARTÍ, Josep; ORTS, Vicente. Firm heterogeneity and the market scope of European multinational activity. International Review of Economics & Finance, 2017, vol. 51, p. 645-659.Tipo de documento
info:eu-repo/semantics/articleVersión de la editorial
http://www.sciencedirect.com/science/article/pii/S1059056017301053Versión
info:eu-repo/semantics/publishedVersionPalabras clave / Materias
Resumen
This paper examines the relationship between the characteristics of European firms and the market scope of their international activity. We show, theoretically, that when markets can be served by exports or through ... [+]
This paper examines the relationship between the characteristics of European firms and the market scope of their international activity. We show, theoretically, that when markets can be served by exports or through foreign affiliates, a strict hierarchy of firm characteristics and the number of markets they invest in or exports can only be established for firms engaged in foreign direct investment (FDI), but not for exporters. Empirically, our findings confirm the significant role of firm heterogeneity in the structure of European international activity, as well as the increasing relationship between firm characteristics and the number of markets in which they operate. Additionally, in line with our predictions, the estimates reveal the existence of heterogeneous effects and non-linearities in this relationship, with important differences between exporters and firms engaging in FDI. [-]
Proyecto de investigación
Spanish Ministerio de Economía y Competitividad (ECO2014-58975-P) ; Universitat Jaume I (UJI-B2016-53).Derechos de acceso
© 2017 Elsevier Inc. All rights reserved.
http://rightsstatements.org/vocab/InC/1.0/
info:eu-repo/semantics/openAccess
http://rightsstatements.org/vocab/InC/1.0/
info:eu-repo/semantics/openAccess
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