ABSTRACT

The role of foreign ownership of an enterprise in impacting their performance is a vital policy issue for Africa. In this paper, panel data for manufacturing firms is used to investigate that role in Nigeria. After controlling for unobserved firm heterogeneity, inputs simultaneity, measurement errors and possible selection bias, I find that foreign ownership has a positive, but statistically insignificant, effect on total factor productivity (TFP). However, foreign-owned firms operate on a far larger scale than domestic ones, with much higher levels of employment, capital intensity and labour productivity. As it is labour productivity that determines the ability of firms to pay higher wages, the evidence presented in this paper suggests it is their ability to operate at higher scale, rather than having higher TFP, is what characterises foreign-owned firms in Nigeria.

中文翻译：

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真的有外国所有制生产力优势吗？尼日利亚制造公司的证据

摘要

对非洲而言，外国所有权对企业绩效的影响是至关重要的政策问题。在本文中，制造业公司的面板数据用于调查尼日利亚的角色。在控制了未观察到的公司异质性，输入的同时性，度量误差和可能的选择偏差之后，我发现外资拥有权对全要素生产率（TFP）产生积极的影响，但在统计上微不足道。但是，外资公司的经营规模要比国内公司大得多，其就业，资本密度和劳动生产率要高得多。由于劳动生产率决定着企业支付更高工资的能力，因此本文提供的证据表明，企业拥有更高规模的经营能力而不是拥有更高的全要素生产率，