Table 2.

Geographic assets of large firms by country

Region No. of firmsForeign to total assets (F/T; %)Intraregional assets (R/T; %)
Country199920082017199920082017199920082017
North America19216014923.230.533.780.675.571.4
Canada12141143.545.361.687.180.772.5
Mexico242N/A60.7N/AN/A70.5100
USA17814213622.127.730.680.374.970.9
Europe16418613849.050.659.070.971.059.5
Austria269.988.5
Belgium351N/A61.2N/AN/A56.920.7
Denmark2159.655.384.858.8
Finland22165.153.987.087.395.330.6
France37403056.854.656.967.769.961.6
Germany37392946.845.658.175.378.971.5
Hungary1N/AN/A
Ireland1294.571.052.218.4
Italy1010751.644.355.585.983.170.0
Luxembourg11N/AN/AN/A59.6
The Netherlands9101376.863.968.468.772.752.1
Norway21128.446.053.892.459.353.8
Poland144.499.2
Portugal2N/AN/A
Russia2848.814.133.7100.094.894.8
Spain5129N/A45.561.6N/A74.558.3
Sweden46393.961.687.1N/A80.064.7
Switzerland11131281.791.777.458.349.345.7
Turkey11N/AN/AN/AN/A
UK41292436.547.647.368.159.450.6
Asia Pacific13914520119.724.716.983.182.788.9
Australia79718.222.218.287.887.890.9
China1037109N/A21.96.3N/A88.195.7
India177<10.022.412.0>90.0>90.089.7
Indonesia1N/AN/A
Japan107685119.226.529.082.779.977.9
Malaysia111N/AN/A25.1N/AN/A74.9
Singapore23N/AN/A74.565.0
South Korea12141530.520.914.280.485.691.4
Taiwan166N/A30.760.5N/A73.895.5
Thailand11N/AN/AN/AN/A
Total49549148828.436.032.578.775.575.4
Other regions5912N/AN/A24.4N/AN/A79.3
Brazil367N/AN/A13.8N/AN/A81.4
Israel11N/A71.6N/A46.0
Saudi Arabia11N/A14.5N/A85.5
South Africa11N/AN/AN/AN/A
UAE1N/AN/A
Venezuela111N/AN/A8.4N/AN/A99.9
Total50050050028.436.032.478.775.575.5

Note(s): Calculated based on annual reports. Firms in Hong Kong are included in China. Rio Tinto, Royal Dutch Shell and Unilever are considered as firms in UK

Source(s): Authors’ own work

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