Click here for search results
Surviving the global financial crisis : foreign ownership and establishment performance, Volume 1
Author:Alfaro, Laura; Chen, Maggie Xiaoyang; Country:World;
Date Stored:2012/01/12Document Date:2012/01/01
Document Type:Policy Research Working PaperSubTopics:Economic Theory & Research; Investment and Investment Climate; Bankruptcy and Resolution of Financial Distress; Emerging Markets; Economic Conditions and Volatility
Language:EnglishMajor Sector:Industry, Trade and Services
Rel. Proj ID:1W-Impact Of Fdi And Multi-National Activity -- -- P129691;Region:The World Region
Report Number:WPS5946Sub Sectors:Other Industry, Trade and Services
Collection Title:Policy Research working paper ; no. WPS 5946Volume No:1

Summary: This paper examines how different establishments performed during the recent global financial crisis, focusing on the role of foreign ownership. The paper investigates how foreign ownership affected establishments' responses to negative economic shocks, using a cross-country panel dataset with detailed information on operation, location and industry for more than 12 million establishments from 2005-2008. The evidence shows that multinational subsidiaries on average fared better than local counterfactuals with similar economic characteristics. Among multinational subsidiaries, establishments with stronger production and financial linkages with parent companies showed greater resilience. Finally, in contrast to the crisis period, the impact of foreign ownership and linkages on an establishment's performance was insignificant in non-crisis years.

Official Documents
Official, scanned versions of documents (may include signatures, etc.)
File TypeDescriptionFile Size (mb)
PDF 35 pagesOfficial version*2.45 (approx.)
TextText version**
How To Order

See documents related to this project
* The official version is derived from scanning the final, paper copy of the document and is the official,
archived version including all signatures, charts, etc.
** The text version is the OCR text of the final scanned version and is not an accurate representation of the final text.
It is provided solely to benefit users with slow connectivity.

Permanent URL for this page:

© 2016 The World Bank Group, All Rights Reserved. Legal