Expatriate Managers and Firm Performance
Better managed firms are more productive. So are foreign owned firms. Using exhaustive administrative data from Hungary 1992–2014, we study the performance of firms led by expatriate managers. Studying more than 2,000 foreign acquisitions, we compare firms that bring in foreign management to those that remain locally managed. Foreign managed firms increase their productivity faster. Larger, more capital intensive and more productive firms are more likely to receive a foreign manager. Owners from distant countries and tax havens are more likely to leave domestic management in place. Our study can help understand the modes of foreign investment and provide a link between foreign ownership and management practices.
Challenging Science and Innovation Policy Utrecht, 1-3 June 2022, hosted by Copernicus Institute of Sustainable Development, Utrecht University The “European Forum for Studies ... Read More »
Published in ‘Does EU Membership Facilitate Convergence? The Expierience of the EU’s Eastern Enlargement – Volume II’ Edited by Landesmann, Michael, Székely, Istvan P. ... Read More »
Find the full program of the online workshop here Share this:FacebookLinkedInTwitter
