Similar Search Results

Internationalization and the evolution of corporate valuation

Levine, Ross - 2005

"By documenting the evolution of Tobin's "q" before, during, and after firms internationalize, this paper provides evidence on the bonding, segmentation, and market timing theories of internationalization. Using new data on 9,096 firms across 74 countries over the period 1989-2000, we find that...

Persistent link: https://www.econbiz.de/10010522397

Conceptual Aspects of Global Value Chains

Antràs, Pol - 2019

I offer an overview of some key conceptual aspects associated with the rise of global value chains (GVCs). I outline a series of alternative interpretations and definitions of what the rise of GVCs entails, and I trace the implications of these alternative conceptualizations for the measurement...

Persistent link: https://www.econbiz.de/10012480483

Globalization and Pandemics

Antràs, Pol - 2020

We develop a model of human interaction to analyze the relationship between globalization and pandemics. Our framework …

Persistent link: https://www.econbiz.de/10012481143

De-Globalisation? Global Value Chains in the Post-COVID-19 Age

Antràs, Pol - 2020

This paper evaluates the extent to which the world economy has entered a phase of de-globalisation, and it offers some speculative thoughts on the future of global value chains in the post-COVID-19 age. Although the growth of international trade flows relative to that of GDP has slowed down...

Persistent link: https://www.econbiz.de/10012482334

The Global Agglomeration of Multinational Firms

Alfaro, Laura - 2009

The explosion of multinational activities in recent decades is rapidly transforming the global landscape of industrial production. But are the emerging clusters of multinational production the rule or the exception? What drives the offshore agglomeration of multinational firms in comparison to...

Persistent link: https://www.econbiz.de/10012463073

Capital Flows in a Globalized World : The Role of Policies and Institutions

Alfaro, Laura - 2005

We describe the patterns of international capital flows in the period 1970 - 2000. We then examine the determinants of capital flows and capital flows volatility during this period. We find that institutional quality is an important determinant of capital flows. Historical determinants of...

Persistent link: https://www.econbiz.de/10012466976

Offshoring in a Knowledge Economy

Antràs, Pol - 2005

globalization. Globalization leads to better matches for all southern workers but only for the best northern workers. As a result …, we show that globalization increases wage inequality in the South but not necessarily in the North. We also study how … globalization affects the size distribution of firms and the patterns of consumption and trade in the global economy …

Persistent link: https://www.econbiz.de/10012467591

Internationalization and the Evolution of Corporate Valuation

Levine, Ross - 2005

By documenting the evolution of Tobin's "q" before, during, and after firms internationalize, this paper provides evidence on the bonding, segmentation, and market timing theories of internationalization. Using new data on 9,096 firms across 74 countries over the period 1989-2000, we find that...

Persistent link: https://www.econbiz.de/10012467664

Migration, Spillovers,and Trade Diversion : The Impact of Internationalization on Stock Market Liquidity

Levine, Ross - 2003

What is the impact of firms that cross-list, issue depositary receipts, or raise capital in international stock markets on the liquidity of remaining firms in domestic markets? Using a panel of over 3,200 firms from 55 countries during 1989-2000, we find that internationalization reduces the...

Persistent link: https://www.econbiz.de/10012469086

Global Value Chains

Antràs, Pol; Chor, Davin - National Bureau of Economic Research - 2021

This paper surveys the recent body of work in economics on the importance of global value chains (GVCs) in shaping international trade flows and multinational activity. On the empirical front, we begin reviewing several variants of the "macro approach" to measuring the relevance of global...

Persistent link: https://www.econbiz.de/10012496102