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AbstractThis paper tests for differences in performance between foreign‐owned and domestically owned firms in a sample of manufacturing and services firms from 19 sub‐Saharan African countries. Results indicate that foreign‐owned firms perform significantly better than domestically owned ones in sub‐Saharan Africa across several performance measures, with the foreign‐ownership premia usually being larger for services firms. The results further indicate that firms owned by a transnational corporation perform better than those owned by individual foreign entrepreneurs, although there is little evidence of differences in performance between joint ventures and wholly owned foreign enterprises. Copyright © 2014 John Wiley & Sons, Ltd.

We consider the relationship between how a firm serves foreign markets and performance, using survey data on manufacturing and services firms for African countries. Results for manufacturing industries indicate a clear productivity ordering with firms undertaking outward Foreign Direct Investment (FDI) performing best, followed by exporters and domestically oriented firms. Results for services firms are more nuanced, indicating that while exporters and firms undertaking outward FDI are more productive than domestically oriented firms, there is no significant difference in productivity between these two types of firms (some evidence suggests that the productivity of exporters is larger than that for firms undertaking outward FDI). Adapted from the source document.