Exposure to FDI and attitudes towards multinational enterprises: do M&A impact?

Chiara Franco (), Giovanni Marin and Filomena Pietrovito ()

Economics & Statistics Discussion Papers from University of Molise, Department of Economics

Abstract: While the formation of preferences towards flows of trade has been quite deeply investigated, the effect of the presence of (multinational enterprises) MNE on local business and their distributional effects have scantly been taken into consideration. The aim of the paper is that of investigating the role of MNE penetration for the formation of individual's preferences towards MNE. We combine individual's information on attitudes and perceptions of MNE from the International Social Survey Programme (2003 and 2013) with an indicator of occupational exposure to MNE based on data on mergers and acquisitions (M&A) from Securities Data Company Platinum database (Thomson Financial). Using an ordered probit model, we find that the role of MNE penetration is crucial to understand the way people think about MNE, even controlling for individual socioeconomic characteristics and for the presence of MNE in the occupation-country. We additionally find that this impact is particularly relevant for people more inclined to the presence of immigrants in their country and for residents in countries with high levels of employment protection.

Keywords: Exposure to FDI; Individual attitude; Survey data; Ordered probit (search for similar items in EconPapers)
JEL-codes: F20 F23 (search for similar items in EconPapers)
Pages: 36
Date: 2022-04-26
New Economics Papers: this item is included in nep-int
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Published in The World Economy, 46(6), 1648-1669, https://doi.org/10.1111/twec.13332

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