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Competition for internal funds within multinational banks: Foreign affiliate lending in the crisis
Düwel, Cornelia; Frey, Rainer - Deutsche Bundesbank - 2012
We investigate how the lending activities of a multinational bank's affiliates located abroad are affected by funding difficulties in view of the financial crisis. For this, we consider transaction-induced changes in long-term lending to the private sector of 40 countries by the affiliates of...
Persistent link: https://www.econbiz.de/10010984726
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Testing the O-ring theory for FDI
Engemann, Martina; Lindemann, Henrike - Deutsche Bundesbank - 2013
foreign direct investment (FDI). In this paper, we therefore adopt the idea of Kremer (1993) and Costinot et al. (2011) of a …
Persistent link: https://www.econbiz.de/10010957096
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Banking across borders
Niepmann, Friederike - Deutsche Bundesbank - 2013
banks' foreign asset and liability holdings as well as foreign direct investment in the banking sector. It highlights the …
Persistent link: https://www.econbiz.de/10010957150
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Knowledge sourcing: legitimacy deficits for MNC subsidiaries?
Schmidt, Tobias; Sofka, Wolfgang - Deutsche Bundesbank - 2009
Multinational corporations (MNC) search increasingly for lead market knowledge and technological expertise around the globe. We investigate whether their subsidiaries gain access to these valuable sources of host country knowledge to the same degree as domestic rivals. We develop a theoretical...
Persistent link: https://www.econbiz.de/10005083060
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Location choice and employment decisions: a comparison of German and Swedish multinationals
Becker, Sascha O.; Ekholm, Karolina; Jäckle, Robert; … - Deutsche Bundesbank - 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/10005083075
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Taxes and the financial structure of German inward FDI
Ramb, Fred; Weichenrieder, Alfons J. - Deutsche Bundesbank - 2005
The paper analyses the financial structure of German inward FDI. From a tax perspective, intra-company loans granted by the parent should be all the more strongly preferred over equity the lower the tax rate of the parent and the higher the tax rate of the German affiliate. From our study of a...
Persistent link: https://www.econbiz.de/10005083077
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Business cycles and FDI: evidence from German sectoral data
Buch, Claudia M.; Lipponer, Alexander - Deutsche Bundesbank - 2005
Globalization has effected business cycle developments in OECD countries and has increased activities of firms across national borders. This paper analyzes whether these two developments are linked. We use a new firm-level dataset on the foreign activities of German firms to test whether foreign...
Persistent link: https://www.econbiz.de/10005083107
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The effect of FDI on job separation
Muendler, Marc-Andreas; Becker, Sascha O. - Deutsche Bundesbank - 2007
performance to vary with foreign direct investment (FDI) and shows that the foreign expansion itself is the dominant explanatory …
Persistent link: https://www.econbiz.de/10005083120
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Foreign (in)direct investment and corporate taxation
Wamser, Georg - Deutsche Bundesbank - 2008
This paper investigates the role of corporate taxation with respect to a multinational's investment decision, in which … the multinational can pursue either a direct or an indirect investment strategy. The latter involves at least three … theoretical predictions and suggest that tax effects differ, depending on the investment regime. The endogeneity of the structural …
Persistent link: https://www.econbiz.de/10005083123
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How would formula apportionment in the EU affect the distribution and the size of the corporate tax base? An analysis based on German multinationals
Fuest, Clemens; Hemmelgarn, Thomas; Ramb, Fred - Deutsche Bundesbank - 2006
Deutsche Bundesbank's Foreign Direct Investment data (MiDi) and corporate balance sheet data (Ustan and Hoppenstedt) for the …
Persistent link: https://www.econbiz.de/10005083141