2026-06-28T04:47:37Zhttps://docta.ucm.es/rest/oai/requestoai:docta.ucm.es:20.500.14352/1032592024-04-19T23:51:07Zcom_20.500.14352_14col_20.500.14352_15
Docta Complutense
author
Camino Mogro, Segundo
author
Bermúdez Barrezueta, Natalia
author
Armijos, Mary
2024-04-19T12:36:50Z
2024-04-19T12:36:50Z
2023-01-14
Camino-Mogro, S., Bermúdez-Barrezueta, N. & Armijos, M. Is FDI a potential tool for boosting firm’s performance? Firm level evidence from Ecuador. J Evol Econ 33, 341–391 (2023). https://doi.org/10.1007/s00191-022-00806-2
0936-9937
10.1007/s00191-022-00806-2
https://hdl.handle.net/20.500.14352/103259
1432-1386
https://doi.org/10.1007/s00191-022-00806-2
In developing countries, the evidence regarding the direct and indirect effects of FDI on economic and financial performance at the firm level is mixed. To contribute to this literature, we provide empirical evidence of direct and indirect effects of FDI on firm’s performance, using return on assets (ROA), gross revenues and gross revenues growth rate as performance measures. We examine the private formal enterprise sector in Ecuador from 2007 to 2018. Our identification strategy relies on the use of the Generalized Method of Moments (GMM) methodology for dynamic panel data which allows us to control for potential endogeneity, autocorrelation and heteroskedasticity issues. The results suggest that firms with inward FDI grow faster than their counterparts, and firms with higher amounts of FDI as a share of total revenues have on average higher levels of gross revenues. Moreover, we find negative horizontal wages and gross revenues spillover effects on gross revenues growth rates, but positive horizontal gross revenues spillover effects on ROA. There is also significant evidence of negative horizontal spillover effects in all economic sectors, whereas evidence for forward and backward spillovers is heterogeneous across them.
eng
Attribution 4.0 International
Is FDI a potential tool for boosting firm’s performance?: firm level evidence from Ecuador
journal article
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URL
https://docta.ucm.es/bitstreams/7b785c1c-c443-4c78-a673-370b30463f3d/download
File
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d26bb6c6dc754f9e797a1443a45f3577
1301838
application/pdf
s00191-022-00806-2.pdf