Also found in: Encyclopedia.
DOMFDistributed Object Management Facility
Copyright 1988-2018, All rights reserved.
References in periodicals archive ?
In the first case spillovers from FDI rely on real externalities since they represent the set of productivity benefits due to the technological transfer from parent firms to foreign affiliates which in turn leaks out to DOMFs. The second type of spillovers from FDI are expected to occur via the competition effect in the product market.
This means that Italian firms with foreign ownership have an approximately 70 % increased risk of failure with respect to DOMFs when they operate in the manufacturing sectors (column i) and a 43 % higher risk when they belong to service sectors (column ii).
Thus, within both low and high-tech industries, foreign ownership exerts a strongly negative influence on the survival of firms suggesting that the behaviour and strategies of MNEs differ from those of DOMFs. In particular, in the low- and medium-low-technology industries, the hazard of exit is approximately 67 % higher for FMNEs than DOMFs.
In the manufacturing sector, DOMFs operating in the high- and medium-high-technology industries are the ones that benefit from horizontal spillovers: the foreign presence acts to increase the survival of domestic firms.
On the one hand, in high- and medium-high-technology industries the foreign presence across downstream industries negatively affects the survival of DOMFs, suggesting that inputs produced locally by FMNEs might be less adapted to local requirements and cause difficulties when integrated into the production chain.