Page 263 - Invited Paper Session (IPS) - Volume 1
P. 263

IPS129 Claudia V. et al.
                •  A separately maintained database for enterprises that have previously
                    been identified through the FDI or Mergers and Acquisitions surveys.
                    This  database  includes  minority  share  relationships  that  are  not
                    included in the IDBR and D&B.
                •  The FDI population is also updated regularly using information from
                    the ONS Mergers and Acquisitions Survey, which is conducted on a
                    quarterly basis.
                •  FDI estimation methods predict values for all non-sampled businesses,
                    allowing  for  analysis  of  sampled  and  non-sampled  businesses  at  a
                    microdata level.

            Decision tree
                The FDI population and IDBR were matched to produce a dataset of cross-
            border FDI variables along with economic variables and UK employment and
            turnover for enterprise groups in the inward FDI population. More detail on
            the methods used to match the two dataset is available here.
                It was also not possible to match all the inward FDI population to the IDBR,
            as some entities did not have enterprise identifiers, such as banks and bank
            holding companies (aggregates provided by the Bank of England), residential
            property, and public corporations. There were also some enterprises in the
            remainder of the FDI population that could not be linked to the IDBR – which
            were  part  of  the  separately  maintained  FDI  population.  Domestic  balance
            sheet data are also not available via  the IDBR; therefore,  the decision tree
            utilised turnover as a proxy for physical UK operations.
                Utilising the data available, the below decision tree was produced utilising
            the definition from the IMF Task Force on SPEs with data available at the time
            of analysis.




























                                                               252 | I S I   W S C   2 0 1 9
   258   259   260   261   262   263   264   265   266   267   268