THE ROLE OF THE FOREIGN OWNERSHIP IN JOB AND EMPLOYEE FLOWS

In the global world, the special focus of the paper is on the potential effects of foreign ownership on job and employee flows during the recent economic crisis. The initial hypothesis is that the foreign-owned economic subjects may be more often subject to the excessive negative effect caused by the economic downturn compared with those of domestic ownership. Keeping this in mind, we quantify the extended set of employment indicators concerning job creation and job destruction as well as hires and separations according to the ownership of the economic subjects running their businesses in the Czech Republic in the period 2007-2010 and discuss which economic subjects have suffered the consequences of the current crisis. The results show that job destruction varied more than job creation which corresponds to cyclical asymmetry investigated by previous studies.