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Title: Foreign ownership and firm hazard during crises: the moderating role of industry’s technological intensity
Author: Varum, Celeste Amorim
Rocha, Vera Catarina
Silva, Hélder Valente da
Keywords: Crisis
Foreign ownership
Technological complexity
Issue Date: Dec-2010
Abstract: Despite foreign and domestic firms have been found to differ on survival and exit risks during crises, we believe that other factors may moderate this foreignness effect, as the technological intensity of the industry. The results show that foreign firms operating in more technology-intensive industries face lower hazards during crises, so the resulting competitive advantage may offset the uncertainty inherent in innovative activities. The conclusions are important for policymakers and managers.
Peer review: yes
ISSN: 1681- 8997
Appears in Collections:DEGEI - Artigos

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