Journal Article
Foreign direct investment: financial benefits could surpass gains in technology
Wang, Jian; Wang, Xiao; Koech, Janet (2015-10)
Many emerging markets offer financial incentives to attract foreign direct investment, believing that such investment provides advanced technology or management skills. However, it appears developing economies such as China could benefit more from multinational corporations? financial resources.
Economic Letter , Volume 10 , Issue 9 , Pages 1-4

Working Paper
Benefits of foreign ownership: evidence from foreign direct investment in china
Wang, Jian; Wang, Xiao (2014-09-01)
To examine the effect of foreign direct investment, this paper compares the post-acquisition performance changes of foreign- and domestic-acquired firms in China. Unlike previous studies, we investigate the purified effect of foreign ownership by using domestic-acquired firms as the control group. After controlling for the acquisition effect that also exists in domestic acquisitions, we find no evidence in the data that foreign ownership can bring productivity gains to target firms. In contrast, a strong and robust finding is that foreign ownership significantly improves target firms' ...
Globalization Institute Working Papers , Paper 191