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Title: Foreign direct investment via M&A and domestic entrepreneurship: blessing or curse?
Author(s): Danakol, S.H; Estrin, S.; Reynolds, P.; Weitzel, G.U.
Publication year: 2017
Source: Small Business Economics, vol. 48, iss. 3, (2017), pp. 599-612
ISSN: 0921-898X
DOI: https://doi.org/10.1007/s11187-016-9792-z
Annotation: 30 augustus 2016
Publication type: Article / Letter to editor

Please use this identifier to cite or link to this item : http://hdl.handle.net/2066/177589   http://hdl.handle.net/2066/177589

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Subject: Institute for Management Research
Organization: Financiële economie en ondernemingsfinanciering
Journal title:
Small Business Economics
Volume: vol. 48
Issue: iss. 3
Page start: p. 599
Page end: p. 612
Abstract:
There are conflicting predictions in the literature about the relationship between FDI and entrepreneurship. This paper explores how foreign direct investment (FDI) inflows, measured by lagged cross-border mergers and acquisitions (M&A), affect entrepreneurial entry in the host economy. We have constructed a micro-panel of more than two thousand individuals in each of seventy countries, 2000–2009, linked to FDI by matching sectors. We find the relationship between FDI inflows and domestic entrepreneurship to be negative across all economies. This negative effect is much more pronounced in developed than developing economies and is also identified within industries, notably in manufacturing. Policies to encourage FDI via M&A need to consider how to counteract the prevailing adverse effect on domestic entrepreneurship.
Languages used: English (eng)

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