UNU-MERIT/MGSoG joint seminar: “Investment Liberalization, Technology Take-off and Export Market Entry: Does Foreign Ownership Structure Matter?
In this seminar, Prof. Sourafel Girma, University of Nottingham, will discuss a study that examined the role of foreign ownership structure in stimulating export market entry and R&D investment during a period of investment liberalization following China’s accession to WTO in 2001.
Focusing on firms with no prior exporting and R&D experience, the study evaluated the causal effects of foreign acquisitions on the likelihood of exporting and investing in R&D for the first time. The research uncovered strong effects on export activity post-acquisition for all types of foreign ownership structure, and found that targets taken over with a less than 100 percent share of foreign ownership experience a higher likelihood of R&D, especially in the year of acquisition. The results suggest that joint ventures between foreign owners and Chinese firms can contribute positively to China’s “science and technology take-off”.
For more information, see the Calendar of upcoming events on the UNU-MERIT website.
Sourafel Girma is Professor of Industrial Economics in the School of Economics, University of Nottingham (UK). His main research interest is in applied microeconometrics, with special focus on international economics, industrial organization and industrial economics.He has been active in the field of knowledge transfer and policy advice, with consultancy work for the Department of Trade and Industry, UK Trade and Investment and the Treasury. For several years he was econometric advisor to HM Revenue and Customs.