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The Trade and Welfare Effects of Mergers in Space
Egger, Hartmut; Egger, Peter - CESifo - 2008
This paper analyzes the consequences of cross-border mergers in a spatial framework, thereby distinguishing three channels of influence: a price increase due to the elimination of product market competition, an adjustment in plant location which reduces overall transportation cost expenditures,...
Persistent link: https://www.econbiz.de/10005766141
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Multinational Capital Structure and Tax Competition
Wrede, Matthias - CESifo - 2010
This paper analyzes tax competition when welfare maximizing jurisdictions levy source-based corporate taxes and multinational enterprises choose tax-efficient capital-to-debt ratios. Under separate accounting, multinationals shift debt from low-tax to high-tax countries. The Nash equilibrium of...
Persistent link: https://www.econbiz.de/10008534028
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Location Choice and Employment Decisions: A Comparison of German and Swedish Multinationals
Becker, Sascha O.; Ekholm, Karolina; Jaeckle, Robert; … - CESifo - 2005
Using data for German and Swedish multinational enterprises (MNEs), this paper assesses international employment patterns. It analyzes determinants of location choice and the degree of substitutability of labor across locations. Countries with highly skilled labor forces attract German MNEs, but...
Persistent link: https://www.econbiz.de/10005094319
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The Effect of FDI on Job Separation
Becker, Sascha O.; Muendler, Marc-Andreas - CESifo - 2006
A novel linked employer-employee data set documents that expanding multinational enterprises retain more domestic jobs than competitors without foreign expansions. In contrast to prior research, a propensity score estimator allows enterprise performance to vary with foreign direct investment...
Persistent link: https://www.econbiz.de/10005196232
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The Multinational Wage Premium and Wage Dynamics
Orefice, Gianluca; Sly, Nicholas; Toubal, Farid - CESifo - 2015
Using detailed administrative data linking French firms and workers over the years 2002-2007, we document a distinct U-shaped pattern in worker-level wages surrounding the time their employer is acquired by a foreign firm, with a dip in earnings observed for several years before domestic firms...
Persistent link: https://www.econbiz.de/10011205373
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No Guarantees, No Trade: How Banks Affect Export Patterns
Niepmann, Friederike; Schmidt-Eisenlohr, Tim - CESifo - 2014
This study provides evidence that shocks to the supply of trade finance have a causal effect on U.S. exports. The … a U.S. bank’s share of the trade finance market in a country is, the larger should be the effect on exports to that …’s supply of letters of credit increases export growth, on average, by 1.5 percentage points. The effect is larger for exports …
Persistent link: https://www.econbiz.de/10010948822
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Foreign Market Entry under Incomplete Contracts
Seidel, Tobias - CESifo - 2010
I show in this paper that incomplete contracts affect a firm’s decision about serving foreign customers through exports …
Persistent link: https://www.econbiz.de/10008727292
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Exports, Foreign Direct Investment and the Costs of Corporate Taxation
Keuschnigg, Christian - CESifo - 2007
-off between exports and foreign direct investment as alternative modes of foreign market access. The paper derives comparative …
Persistent link: https://www.econbiz.de/10005094313
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Dynamic Entry and Exit Linkages in the Brazilian Manufacturing Industry: An Econometric Investigation
Resende, Marcelo; Ribeiro, Eduardo P.; Zeidan, Rodrigo M. - CESifo - 2013
The paper investigates dynamic linkages between entry and exit rates in Brazilian manufacturing in the context of 231 (4-digits) industries during the 1996-2005 period. The empirical analysis focuses on the estimation of a dynamic panel data for entry and exit rates and controls for the business...
Persistent link: https://www.econbiz.de/10010877663
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On the Choice of Royalty Rule to Cover Fixed Costs in Input Joint Ventures
Fjell, Kenneth; Foros, Oystein; Kind, Hans Jarle - CESifo - 2013
In a model where two competing downstream firms establish an input joint venture (JV), we analyze how different royalty rules for covering fixed costs affect channel profits. Under running royalties (regardless of whether based on predicted or actual output), the downstream firms’ perceived...
Persistent link: https://www.econbiz.de/10010877877