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Financial Constraints and the Margins of FDI

Buch, Claudia M.; Kesternich, Iris; Lipponer, Alexander; … - 2009

model of multinational firms facing real and financial barriers to foreign direct investment (FDI), and we analyze their … investment decisions, an effect felt in particular by large firms. Financial constraints at the parent level matter for the …

Persistent link: https://www.econbiz.de/10010333960

Tariff Rates, Offshoring and Productivity: Evidence from German and Austrian Firm-Level Data

Hansen, Thorsten - 2010

This paper studies the impact of trade liberalization in terms of tariff cuts within the Eastern European enlargement on German and Austrian firm productivity. Unique matching of data from 1994 to 2003 suggests that tariff reductions raise parent firm productivity significantly. A ten percentage...

Persistent link: https://www.econbiz.de/10010333978

Innovation and the International Firm Structure: Theory and Evidence from German Firm-Level Data

Hansen, Thorsten - 2010

This paper studies the impact of innovation on the organizational structure. The theoretical framework predicts that a larger parental pool of knowledge raises the probability of offshoring. This holds in a national as well as an international context. However, when the producer loses...

Persistent link: https://www.econbiz.de/10010334032

Creditor Rights and Debt Allocation within Multinationals

Akbel, Basak; Schnitzer, Monika - 2009

We analyze the optimal debt structure of multinational corporations choosing between centralized or decentralized borrowing. We identify how this choice is affected by creditor rights and bankruptcy costs, taking into account managerial incentives and coinsurance considerations. We find that...

Persistent link: https://www.econbiz.de/10010334120

The use of tax havens in exemption regimes

Gumpert, Anna; Hines Jr., James R.; Schnitzer, Monika - 2012

This paper analyzes the tax haven investment behavior of multinational firms from a country that exempts foreign income …

Persistent link: https://www.econbiz.de/10010334139

Swedish Multinational Corporations: Recent Trends in Foreign Activities

Braunerhjelm, Pontus; Ekholm, Karolina; Grundberg, Lennart - 1996

This paper presents recent trends in the foreign activities of Swedish multinationals. The focus is on the distribution of production and R&D between the MNCs' domestic and foreign units, and the pattern of trade within the firms. Issues concerning entry modes and the importance of information...

Persistent link: https://www.econbiz.de/10010334710

Multinationals without Advantages

Motta, Massimo - 1996

exploiting existing ones. For this reason, foreign direct investment might occur even in the absence of exporting costs and lower …

Persistent link: https://www.econbiz.de/10010334751

Overseas R&D by Multinationals in Foreign Centers of Excellence

Fors, Gunnar; Zejan, Mario - 1996

This paper examines the determinants of overseas R&D by Swedish multinationals. Our empirical results indicate that the location of R&D abroad to a large extent is motivated by the need to adapt products and processes to conditions in the foreign markets where the firms operate. However, we also...

Persistent link: https://www.econbiz.de/10010334770

Swedish Multinationals and Competition from High- and Low-Wage Locations

Braconier, Henrik; Ekholm, Karolina - 1999

This study uses data on Swedish multinationals to estimate cross elasticities of labour demand in different locations. With a vertical decomposition of the firm's activities, whether there is substitution or complementarity between employment in different parts of the firm will depend on whether...

Persistent link: https://www.econbiz.de/10010334777

A Unified Treatment of Horizontal Direct Investment, Vertical Direct Investment, and the Pattern of Trade in Goods and Services

Markusen, James R.; Venables, Anthony J.; Eby Konan, Denise - 1996

trade costs are moderate to high. In some cases, foreign investment or trade liberalization leads to a reversal in the … direction of trade. Investment liberalization can also lead to an increase in the volume of trade and produces a strong tendency … toward factor-price equalization. Thus direct investment can be a complement to trade in both a volume-of-trade sense and in …

Persistent link: https://www.econbiz.de/10010334789