RT Journal Article
T1 Multinational activity of European firms and heterogeneity
A1 Fariñas García, José Carlos
A1 Martín Marcos, Ana
A1 Velázquez Angona, Francisco Javier
AB This paper offers an empirical assessment of the multinational activity of European firms. It takes the predictions of models of firm heterogeneity and FDI activity as a reference to explore the characteristics of multinational firms from 30 European countries. We use an original dataset, based on ORBIS, which links information of parent-affiliate pairs of firms. Our results show that more productive firms have greater multinational activity in terms of both scope, the number of foreign markets where they invest, and scale, the volume of local sales by subsidiaries active in foreign markets. The estimation of gravity equations shows that country characteristics that encourage multinational activity successively induce the entry of less productive parent firms. We confirm this asymmetry for the following variables: GDPs of the home and host countries, distance, contiguity and having a common colonial history.)
PB Wiley
SN 0378-5920
YR 2018
FD 2018-02
LK https://hdl.handle.net/20.500.14352/198
UL https://hdl.handle.net/20.500.14352/198
LA eng
NO Ministerio de Economía y Competitividad (MINECO)
DS Docta Complutense
RD 4 jul 2025