Multinationals as Stabilisers? Economic Crisis, Access to Finance, and Employment Growth
以智利经济放缓为例，比较跨国公司与本土企业在危机中的就业反应，发现跨国公司更可能退出但存活的外企裁员较少，不完全支持其稳定器作用。
This article examines the comparative response of multinationals and domestic firms to an economic crisis, using the empirical setting of a well defined case of economic slowdown in Chile. We find that employment in manufacturing plants has been drastically reduced during the economic crisis. Our findings reveal that multinationals are more likely to exit contributing to the employment contraction during the crisis, but surviving foreign firms experience lower employment reductions than domestic enterprises. These results are not fully consistent with the idea that multinationals are less affected by an economic crisis and that they may act as stabilisers.