Foreign Ownership and Firm Survival: First Evidence for Enterprises in Germany

35 Pages Posted: 24 Dec 2011

See all articles by Joachim Wagner

Joachim Wagner

University of Lueneburg - Institute of Economics; Max Planck Society for the Advancement of the Sciences - Max Planck Institute for Economics; IZA Institute of Labor Economics

John Philipp Weche Gelübcke

affiliation not provided to SSRN

Abstract

This paper documents the relationship between foreign ownership and firm survival for enterprises in Germany using unique tailor-made new representative data that merge information from surveys performed by the Statistical Offices, from administrative data collected by the Tax Authorities and from a commercial data provider. It contributes to the literature by providing the first evidence on the role of foreign ownership for firm survival in Germany, one of the most important destination countries for foreign direct investments. Our micro-econometric analysis reveals a ceteris paribus higher risk of exit for foreign owned firms in West Germany but not in East Germany.

Keywords: foreign ownership, firm survival, Germany

JEL Classification: F23, L60

Suggested Citation

Wagner, Joachim and Weche Gelübcke, John Philipp, Foreign Ownership and Firm Survival: First Evidence for Enterprises in Germany. IZA Discussion Paper No. 6207, Available at SSRN: https://ssrn.com/abstract=1976538

Joachim Wagner (Contact Author)

University of Lueneburg - Institute of Economics ( email )

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IZA Institute of Labor Economics

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John Philipp Weche Gelübcke

affiliation not provided to SSRN

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