The Productivity and Wage Effects of Foreign Acquisition in the United Kingdom

Conyon, Martin J, et al
Authors registered in the RePEc Author Service: Peter William Wright () and Martin J. Conyon ()

Journal of Industrial Economics, 2002, vol. 50, issue 1, pages 85-102

Abstract: This paper provides a systematic empirical analysis of the impact of foreign ownership on productivity and wages in the United Kingdom. Using a specially constructed database for the period 1989-94, it uses ownership change (acquisition) to control for unobserved differences between plants. It finds that foreign firms pay equivalent employees 3.4% more than domestic firms, though this is wholly attributable to their higher levels of productivity. Firms which are acquired by foreign companies exhibit an increase in labour productivity of 13%. Copyright 2002 by Blackwell Publishing Ltd

Date: 2002
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