Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/201335
Title (translated): 
The Role of the Largest Companies and Their Value Chains in the Economy
Authors: 
Ali-Yrkkö, Jyrki
Seppälä, Timo
Mattila, Juri
Year of Publication: 
2016
Series/Report no.: 
ETLA Report 53
Abstract (Translated): 
This report analyzes the role of the largest companies in the Finnish economy. According to the results, the ten largest companies in terms of their value added together produce 7,6 % of the Finnish GDP. In addition, these companies generate notable multiplicative effects in the economy. According to the findings, the productivity and the growth rates of the ten largest companies clearly surpass the economy average. In this study, it was also analyzed what kinds of macroeconomic effects will generated by Metsä Fibre’s investment into their new bioproduct factory in Äänekoski, Finland. The calculations were conducted for the construction phase and the production phase individually. According to these analyses, the construction phase alone will generate a positive impact on employment reaching thousands of man-years. However, the true significance of the investment will only become evident in the production phase, since not all investments of equal scale produce similar macroeconomic effects. Besides the characteristics of the examined industries, the size of these effects also depends on which countries acquisitions are made from.
Subjects: 
Large
Largest
Companies
Firms
GDP
Productivity
Gross domestic product
Concentration
Multiplier effect
Investment
Pulp
Äänekoski
Group
Granular
Concentration
JEL: 
F23
L25
E22
M21
L11
Document Type: 
Research Report
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