In CASE Network Studies and Analyses Publication No. 391, Camilla Jensen contributes to the literature on the impact of foreign direct investment on firm performance in emerging markets.  The study distinguishes between the direct (within firm) and indirect (across firm within industry) effects emanating from the presence of a foreign ownership class; it evaluates foreign subsidiary performance, market efficiency effects, labor productivity and employment growth, as well as estimates markup levels using a rich panel of manufacturing firm case studies. 

Pay More, Earn Less, Work Harder - New Evidence on Foreign Subsidiary Performance and Market Efficiency in Emerging Markets