Description
Book SynopsisForeign ownership is an ongoing national policy issue for Canadians, and a matter of utmost concern in the public mind. Recently, the issue has been hotly debated in sectors as diverse as telecommunications, mining, technology, retail, steel, and aerospace.
Foreign Ownership of Canadian Industry, A.E. Safarian''s classic investigation into the behaviour of branch-plant firms in Canada, has proven an enduring and important analysis of this national policy problem and is now back in print. This third edition of Foreign Ownership of Canadian Industry features a new preface contextualizing Safarian''s influential work against contemporary economic issues and policies. As the question of foreign takeovers becomes increasingly critical not only in Canada but in other countries as well, Safarian emphasizes the continuity of concerns over who owns a country''s industries.
Table of ContentsChapter 1 - Introduction Direct investment in the Canadian economy The controversy about the international firm Chapter 2 - The Statistical Background to the study The nature of the interviews and questionnaire Comparisons of respondent firms with all direct investment companies Cross-classifications of the variables Chapter 3 - The Managers and Their Powers The senior executives The board of directors The management or executive committee Other methods of maintaining contact with the affiliate The delegation of powers The degree of decentralization of responsibility The degree of supervision Chapter 4 - The Exports of Subsidiary Companies The evidence on private international trade restriction The export pattern of direct investment companies The nature of the export sales organization The effect of affiliation on exports External pressures on foreign-owned firms Chapter 5 - The Imports of Subsidiary Companies The import pattern of direct investment companies Policy and organization with regard to purchasing The effect of affiliation on purchases Chapter 6 - The Transfer of Knowledge The performance of research by the respondent companies The nature of the Canadian research programs Access to the parent's knowledge Chapter 7 - Comparative Costs of Production Unit production costs compared with affiliates Broader issues regarding efficiency Chapter 8 - The Pattern of Ownership and Finance The ownership of voting stock Sources of funds Payment of dividends The United States guidelines program Chapter 9 - Nationality of Ownership and Performance of the Firm Degrees of foreign ownership and performance The nature of the resident-owned firms in this study Senior personnel Marketing and purchasing Research and development Ownership and finance Further tests of difference regarding performance Chapter 10 - Concluding Comments Appendices A - Additional tables by country of control B - Questionnaires and letters to non-resident owned and resident-owned companies Bibliography Index
