This paper provides new evidence on reshoring and plant closures ex-ploiting a novel dataset of Italian multinational firms surveyed throughout 2020 and 2021, the years of the Covid-19 pandemic. We find that Covid-19 did not spur large waves of reshoring nor plant closures. Even though the...

We investigate how reforms that ease or restrict human mobility affect global innovation. We leverage a unique dataset merging patent data with exhaustive information on business-related migration reforms that take place in 15 countries over 26 years, and employ a novel event study approach. Our...

The international business literature has long recognized the explanatory primacy of the upper echelon of a firm. This has resulted in an impressive volume of research examining the impact of demographic, psychographic, and experiential background of the managers on the actions and strategies of...

The traditional view of executive pay as a financial incentive to enhance firm performance that is often equated with shareholder value maximization has been put into question in the last few years. The rise of the new purpose of the corporation and stakeholder capitalism has put that...

The purpose of this paper is to examine the relations among characteristics of U.S. firms, their tendency to invest abroad, and their choice of production locations. The larger the firm, and the higher its profitability, capital intensity, technological Intensity, and the skill level ofits labor...

Emerging markets have long been the recipient of foreign direct investment (FDI) from the world’s more advanced countries. They have used this to their advantage and actively attracted inward FDI as part of their growth and development strategies. However, emerging markets have since spurred...

We examine worker training by Chinese manufacturing firms using nationally representative firm-level data from both Ethiopia and Tanzania. While Chinese firms make up a relatively small portion of the manufacturing industry in both Ethiopia and Tanzania, at the firm-level they contribute...

Cross-border companies’ mobility is issue which has been gaining public attention in Europe since the end of the 1980’s. Although it is clear, from the wording of the articles 49 and 54 of the TFEU, that companies should benefit from a freedom of establishment, in practice, the scope of this...

Why does aggregate foreign direct investment (FDI) fall with distance? We conjecture that high trade costs adversely affect FDI entry decisions in a dynamic setting, even when controlling for previous export experience in foreign markets. We test this hypothesis using Japanese firm-level data...

The paper examines the determinants of FDI profit repatriation in the Czech Republic and OECD countries as a group from 2013 to 2019. By applying the Lintner model about repatriation decisions at the national level, the paper finds the following findings. Firstly, the repatriation rate in the...