Research and Publications
The Global Corporate Patent Dataset have been used in the following publications.
Pedro Matos, Jan Bena, Miguel A Ferreira, Pedro Pires
As the world economy has become increasingly globalized and complex, it’s not obvious what effects foreign investors — say, Chinese investors in an American company or American investors in a British company — have on the companies whose stock they hold. Is it possible that these foreign investors provide pools of capital that firms can access in order to produce stronger companies or do they behave more like a swarm of locusts, resulting in nearsighted corporate policymaking?
Jan Bena, Miguel A Ferreira, Pedro Matos, Pedro Pires
This paper challenges the view that foreign investors lead firms to adopt a short-term orientation and forgo long-term investment. Using a comprehensive sample of publicly listed firms in 30 countries over the period 2001–2010, we find instead that greater foreign institutional ownership fosters long-term investment in tangible, intangible and human capital. Foreign institutional ownership also leads to significant increases in innovation output.