Foreign ownership and firm performance in Sub-Saharan Africa

IF 1.6 Q3 BUSINESS Transnational Corporations Review Pub Date : 2022-06-02 DOI:10.1080/19186444.2022.2078630
A. Webster, Godwin Okafor, Ciara Barrow
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引用次数: 2

Abstract

Abstract Our study investigates the effects of foreign ownership on firm performance with respect to profitability, productivity, export intensity, and skills acquisition in Sub-Saharan African (SSA) countries. This is particularly important given that in the last three decades, the stock of FDI has increased by over 20,000% in SSA countries. To achieve the objectives of this paper, we employed firm- and country-level data from the World Bank Enterprise Surveys and the World Bank Development Indicators, respectively. Results of the least squares dummy variable (LSDV) and propensity score matching (PSM) estimations showed that foreign ownership was positively associated with higher levels of financial profitability, productivity, exports, and skilled labour acquisition. Policy implications were deduced from the findings.
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撒哈拉以南非洲的外资所有权和公司绩效
本文研究了撒哈拉以南非洲(SSA)国家外资所有权对企业绩效的影响,包括盈利能力、生产率、出口强度和技能获取。这一点尤其重要,因为在过去三十年中,南非洲国家的外国直接投资存量增加了20,000%以上。为了实现本文的目标,我们分别采用了来自世界银行企业调查和世界银行发展指标的企业和国家层面的数据。最小二乘虚拟变量(LSDV)和倾向得分匹配(PSM)估计的结果显示,外资所有权与更高水平的财务盈利能力、生产率、出口和熟练劳动力获取呈正相关。从调查结果中推断出政策含义。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
5.20
自引率
5.70%
发文量
37
期刊最新文献
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