Foreign Ownership and Long-term Survival

Does foreign ownership enhance or decrease a firm's chances of survival? Over the 100 year period 1895-2005 this paper compares the survival of foreign subsidiaries in Denmark to a control sample of domestically owned companies matched by industry and firm size. We find evidence of a significant survival premium among foreign-owned companies, particularly for early entrants like Siemens, Philips, Kodak, Ford, or Goodyear, which have been active...