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dc.contributor.authorAlvarez, Robertoen_US
dc.contributor.authorGörg, Holgeren_US
dc.date.accessioned2009-12-11T15:09:27Z-
dc.date.available2009-12-11T15:09:27Z-
dc.date.issued2009en_US
dc.identifier.citation18 1 45-51 International review of economics & finance : IREF 1059-0560en_US
dc.identifier.pidoi:10.1016/j.iref.2008.02.011en_US
dc.identifier.urihttp://hdl.handle.net/10419/28860-
dc.description.abstractThis paper investigates three main questions: are affiliates of foreign multinationals more likely to exit than domestic firms? Does the exit probability of multinationals depend on its export orientation?, and Does the presence of multinationals affect the survival of other firms in the economy? Our results show that foreign plants are more likely to exit the economy, controlling for other firm and industry characteristics, only during the late 1990s, a period when the Chilean economy experience a massive slowdown. Our data also suggest that only domestic market oriented multinationals responded to this negative shock by being more “footloose”. We also find that the presence of multinationals has a positive effect on plant survival in the early 1990s. This positive effect, however, is fully captured by productivity, once controlling for TFP in our exit regressions we do not find any further impact of multinational presence on a plant's probability of exit.en_US
dc.language.isoengen_US
dc.subject.jelF2en_US
dc.subject.jelL6en_US
dc.subject.ddc330en_US
dc.subject.keywordExiten_US
dc.subject.keywordSurvivalen_US
dc.subject.keywordMultinationalsen_US
dc.subject.keywordForeign direct investmenten_US
dc.subject.keywordExportingen_US
dc.titleMultinationals and plant exit: evidence from Chileen_US
dc.typeArticleen_US
dc.identifier.ppn589740407en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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