MULTINATIONALS’ PRODUCTIVITY ADVANTAGE: SCALE OR TECHNOLOGY?
研究将外国跨国公司的生产率优势分解为技术效应和规模效应，通过分析外资收购国内企业的影响，发现收购的正向效应主要来自技术效率变化而非规模变化，且目标企业的收购前生产率影响技术转移速度。
This study decomposes the productivity advantage of foreign multinationals into a technology and a scale effect and analyses the causal relationship between foreign ownership and these two components. This is done by analyzing the effects of an acquisition of a domestic establishment by a foreign multinational, using a combined propensity score matching and difference‐in‐differences estimation. The main results show that any positive impact of acquisition is predominantly due to changes in technical efficiency and not in scale and that the preacquisition productivity of the target plays a role in mediating the rate of technology transfer from the multinational.