File Download

There are no files associated with this item.

  Links for fulltext
     (May Require Subscription)
Supplementary

Article: Trade-induced competition and ownership dynamics

TitleTrade-induced competition and ownership dynamics
Authors
Issue Date2023
Citation
Journal of Development Economics, 2023, v. 160, p. 102979 How to Cite?
AbstractThis paper documents a causal effect of trade-induced competition on firms’ ownership dynamics using the largest trade liberalization China has experienced, its accession to the World Trade Organization. By exploiting varying degrees of tariff reductions across industries, we find that firms that are more affected by competitive shocks experience a larger relative increase in their foreign ownership compared with those less affected. In addition, we find a stronger (weaker) effect for firms with a greater (lesser) demand for external financing and technology, which indicates the strategic role of foreign shareholders in empowering domestic firms to obtain financing and new technologies in a competitive market.
Persistent Identifierhttp://hdl.handle.net/10722/322141

 

DC FieldValueLanguage
dc.contributor.authorHu, Q-
dc.contributor.authorLi, W-
dc.contributor.authorLin, C-
dc.contributor.authorWei, L-
dc.date.accessioned2022-11-14T08:15:07Z-
dc.date.available2022-11-14T08:15:07Z-
dc.date.issued2023-
dc.identifier.citationJournal of Development Economics, 2023, v. 160, p. 102979-
dc.identifier.urihttp://hdl.handle.net/10722/322141-
dc.description.abstractThis paper documents a causal effect of trade-induced competition on firms’ ownership dynamics using the largest trade liberalization China has experienced, its accession to the World Trade Organization. By exploiting varying degrees of tariff reductions across industries, we find that firms that are more affected by competitive shocks experience a larger relative increase in their foreign ownership compared with those less affected. In addition, we find a stronger (weaker) effect for firms with a greater (lesser) demand for external financing and technology, which indicates the strategic role of foreign shareholders in empowering domestic firms to obtain financing and new technologies in a competitive market.-
dc.languageeng-
dc.relation.ispartofJournal of Development Economics-
dc.titleTrade-induced competition and ownership dynamics-
dc.typeArticle-
dc.identifier.emailLin, C: chenlin1@hku.hk-
dc.identifier.authorityLin, C=rp01808-
dc.identifier.doi10.1016/j.jdeveco.2022.102979-
dc.identifier.hkuros342101-
dc.identifier.volume160-
dc.identifier.spage102979-
dc.identifier.epage102979-

Export via OAI-PMH Interface in XML Formats


OR


Export to Other Non-XML Formats