Foreign Ownership and Long-term Survival

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dc.contributor.author	Thomsen, Steen	en_US
dc.contributor.author	Kronborg, Dorte	en_US
dc.date.accessioned	2009-02-04T10:24:06Z
dc.date.available	2009-02-04T10:24:06Z
dc.date.issued	2006-07-17T00:00:00Z	en_US
dc.identifier.uri	http://hdl.handle.net/10398/6624
dc.description.abstract	Does foreign ownership enhance or decrease a firm’s chances of survival? Over the 100 year period 1895-2001 this paper compares the survival of foreign subsidiaries in Denmark to a control sample matched by industry and firm size. We find that foreign-owned companies have higher survival probability. On average exit risk for domestic companies is 2.3 times higher than for foreign companies. First movers like Siemens, Philips, Kodak, Ford, GM or Goodyear have been active in the country for almost a century. Relative foreign survival increases with company age. However, the foreign survival advantage appears to be eroded by globalization, it decreases over time and disappears at the end of the century.	en_US
dc.format.extent	32 s.	en_US
dc.language	eng	en_US
dc.relation.ispartofseries	Working paper;2006-060	en_US
dc.subject.other	subsidiaries	en_US
dc.subject.other	denmark	en_US
dc.title	Foreign Ownership and Long-term Survival	en_US
dc.type	wp	en_US
dc.accessionstatus	modt06jul17 mielmo	en_US
dc.contributor.corporation	Copenhagen Business School. CBS	en_US
dc.contributor.department	Center for Corporate Governance	en_US
dc.contributor.departmentshort	CCG	en_US
dc.contributor.departmentuk	Center for Statistics	en_US
dc.contributor.departmentukshort	CST	en_US
dc.idnumber	x656517564	en_US
dc.publisher.city	København	en_US
dc.publisher.year	2006	en_US