Foreign Ownership and Long-term Survival

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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


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