---
title: "The Impact of Foreign Ownership on Company Growth"
authors:
  - name: "Ali-Yrkkö, Jyrki"
    url: "https://www.etla.fi/henkilot/ali-yrkko-jyrki/"
    sameAs:
      - "https://orcid.org/0009-0005-2977-6878"
date_published: "2007-04-02"
series: "Discussion Papers no."
series_number: "1081"
language: "fi"
publisher: "ETLA Economic Research"
pdf_url: "https://www.etla.fi/wp-content/uploads/2012/09/dp1081.pdf"
keywords:
  - "yrityskauppa"
  - "perustaminen"
  - "ulkomainen"
  - "ulkomaalaisomistus"
  - "työllisyys"
  - "kasvu"
  - "kansainvälinen"
  - "Suomi"
  - "kehittyminen"
identifier: "https://www.etla.fi/julkaisut/id/Discussion-Papers-no.-1081"
---

# The Impact of Foreign Ownership on Company Growth

**Published:** 2007-04-02  
**Categories:** Publications  
**Tags:** Discussion Papers, employment, Finland, growth  
**URL:** https://www.etla.fi/en/publications/dp1081-en/

This study analyses foreign-owned companies operating in Finland.
 Between 2001 and 2003 760 foreign companies either established a new site or
 acquired an existing unit in Finland. The goal of this paper is to study the develop-
 ment of these units. The results of statistical analyses are two-fold. First, estab-
 lished foreign-owned units (greenfields) have increased their employment annually
 on average 13-15 percent more than domestic-owned units established in the same
 period. Furthermore in terms of net sales, foreign-owned units grew, on average,
 10-12 percent more rapidly than domestic units. Second, the impact of foreign
 ownership differs between greenfield investment and acquisitions. The results sug-
 gest that the impact of ownership change on employment and on net sales is simi-
 lar in domestic-to-foreign deals as in other deals.

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