The impact of foreign direct investment on new firm survival in the UK: evidence for static versus dynamic industries |
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| Authors: | Andrew Burke Holger Görg Aoife Hanley |
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| Institution: | (1) Bettany Centre for Entrepreneurial Performance & Economics, Cranfield School of Management, Cranfield, Bedford,, MK43 OAL, UK;(2) University of Nottingham, Nottingham, UK |
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| Abstract: | The paper examines the impact of Foreign Direct Investment (FDI) on the survival of business start-ups. FDI has potential
for both negative displacement/competition effects as well as positive knowledge spillover and linkage effects on new ventures.
We find a net positive effect for the whole dataset. However, a major contribution of the paper is to outline and test an
argument that this effect is likely to be comprised of a net negative effect in dynamic industries (high churn: firm entry
plus exit relative to the stock of firms) alongside a net positive effect in static (low churn) industries. We find evidence
to support this view. The results identify new effects of globalisation on enterprise development with associated challenges
for industrial policy.
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| Keywords: | New firms Foreign direct investment Dynamic industries |
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