0531503 20240103224315.420200810235959.9 85090662712 000558748300004 40 s. P cav_un_epca*02554460015-1920702 (2020)172-212Univerzita Karlova v Praze multinational enterprise (MNE) foreign direct investment (FDI) European firms spillovers international trade cav_un_auth*0333001 Hanousek J. CZ cav_un_auth*0312139 Kočenda Evžen UTIA-B Ekonometrie Department of Econometrics E E Department of Econometrics CZ Ústav teorie informace a automatizace AV ČR, v. v. i. cav_un_auth*0349733 Vozárová P. CZ http://library.utia.cas.cz/separaty/2020/E/kocenda-0531503.pdf https://journal.fsv.cuni.cz/mag/article/show/id/1459 We analyze the impact of multinational enterprises (MNEs), via their foreign direct investment, on domestic firms in 30 European host economies, from 2001 to 2013. We incorporate international industrial and trade linkages into a standard theoretical framework and test them empirically on a unique dataset compiled from the Amadeus, Eurostat, UNComtrade and BACI data sources, aggregated at industry level. While controlling for horizontal, vertical, and export channels at the upstream and downstream levels, we show that the presence of MNEs significantly affects domestic firms by changing the degree of competition and improving productivity. The impact is not always positive, as domestic firms are often crowded-out, but the negative effect for an average firm is mostly small. WOS AH 50000 50200 50202 2021 3 RVO:67985556 http://hdl.handle.net/11104/0310651 S 3+4 Article Business Finance A BUSINESS.FINANCE 0.725 0.05 8 0.00015 0.124 268 24 0.246 42.38 0.82 66 Q3 0.646 20 Q4 0.337 8.6 Q4 Q4 0.33 Q4 8.636 2020 85090662712 SCOPUS PUBMED 000558748300004 WOS cav_un_epca*0255446 Finance a úvěr-Czech Journal of Economics and Finance 0015-1920 0015-1920 Roč. 70 č. 2 2020 172 212 Univerzita Karlova v Praze