MNEs and industrial structure in host countries: A portfolio analysis of Irish manufacturing

Frank Barry, Colm Kearney

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24 Citations (Scopus)


Ireland has been very successful in attracting foreign MNEs in high-technology sectors. Although these sectors exhibit faster growth than the traditional low-technology sectors populated primarily by indigenous firms, the high-technology sectors are also more volatile. We use portfolio theory to show that Ireland s FDI strategy has led to a more diversified manufacturing sector that exhibits higher growth without a commensurate increase in volatility and risk.
Original languageEnglish
Pages (from-to)392 - 406
Number of pages15
JournalJournal of International Business Studies
Issue number3
Publication statusPublished - 2006
Externally publishedYes

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