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- Title
The productivity and wage effects of foreign acquisition in the United Kingdom.
- Authors
Conyon, Martin J.; Girma, Sourafel; Thompson, Steve; Wright, Peter W.
- Abstract
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%.
- Subjects
UNITED Kingdom; FOREIGN business enterprises; WAGES; LABOR productivity
- Publication
Journal of Industrial Economics, 2002, Vol 50, Issue 1, p85
- ISSN
0022-1821
- Publication type
Article
- DOI
10.1111/1467-6451.00169