Identifying patterns of outward foreign direct investments: Some empirical evidence

This paper uses industry level panel data of all Austrian affiliates operating abroad during the period 1992–2005 to investigate the determinants of performance, as reflected by the number of affiliates, their productivity and returns on patents and licenses. The determinants of each performance indicator are found to be different. Moreover, the determinants vary further when the full dataset is disaggregated into manufacturing and service sectors.