Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - The Productivity and Wage Effects of Foreign Acquisition in the United Kingdom
AU - Conyon, Martin
AU - Girma, S
AU - Thompson, S
AU - Wright, P
PY - 2002/3
Y1 - 2002/3
N2 - 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%.
AB - 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%.
U2 - 10.1111/1467-6451.00169
DO - 10.1111/1467-6451.00169
M3 - Journal article
VL - 50
SP - 85
EP - 102
JO - Journal of Industrial Economics
JF - Journal of Industrial Economics
IS - 1
ER -