|
|
| Titel | Foreign institutional investors and the great productivity slowdown |
| Verantwortlich | Jan Philip Schain |
| Autor/in |
Schain, Jan Philip
|
| Medientyp | Print |
| Publikationstyp | Buch |
|
Erschienen
|
2022
Düsseldorf, Germany
Heinrich-Heine-University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE)
|
| Inhalt | This article analyzes the impact of institutional investors on firm productivity duringthe financial crisis 2008/09 across European manufacturing industries. Using propen-sity score matching combined with a difference in differences estimator I find a positivesignificant effect of 2% of foreign institutional ownership. Employing a variety of prox-ies for financial constraints, the article shows that the effect is driven by industries,countries, and firms that are more financially constrained indicating that foreign insti-tutional ownership prevents the known productivity slowdown during the financial crisisby alleviating financial constraints |
| ISBN | 9783863043780 | 3863043782 |
| Umfang | 46 Seiten : Diagramme |
| Erschienen als | DICE discussion paper, Band 379 |
| Parallelausgabe |
Online-Ausgabe
ISBN:
9783863043780 |
3863043782
|
