KTI Seminar – 08/11 – Miklós Koren

08/11/2018 - 08/11/2018 14:00 - 16:00

Venue: MTA HTK 1097 Budapest, Tóth Kálmán u. 4. Ground Floor room K 11-12

Miklós Koren

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.

Felhasználási feltételek
Impresszum
Intézményünk országos és nemzetközi hálózati kapcsolatát az NIIF program biztosítja
Magyar Tudományos Akadémia Közgazdaság- és Regionális Tudományi Kutatóközpont Közgazdaság-tudományi Intézet
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