Showing 1 - 10 of 1,104
Governments play a central role in facilitating economic development. Yet while economists have long emphasized the importance of government quality, historically they have paid less attention to the internal workings of the state and the individuals who provide the public services. This paper...
Persistent link: https://www.econbiz.de/10012456846
Anecdotal evidence suggests that new CEOs with foreign backgrounds direct their firms to become more international in their operations. We examine this hypothesis formally using data on U.S. S&P-500 manufacturing firms from 1992 through 1997 and biographical information on CEOs' birth and...
Persistent link: https://www.econbiz.de/10012469175
A distinct feature of MNCs is a three-tier organizational structure: foreign managers (FMs) supervise domestic managers …
Persistent link: https://www.econbiz.de/10012533356
, and market opportunities. This know-how can be reallocated across countries as managers acquire control of factors of …
Persistent link: https://www.econbiz.de/10012465581
Managerial delegation is essential for firm growth. While firms in poor countries often shun outside managers and …
Persistent link: https://www.econbiz.de/10012456767
"spinouts": managers of input divisions can start their own firms, making customized inputs formerly provided internally subject … lead to inefficiently low entry. Vertically integrated firms can fight back by hiring managers for their input divisions …
Persistent link: https://www.econbiz.de/10012458936
This paper examines the question of whether less-developed countries' (LDCs') experiences with foreign direct investment (FDI) systematically different from those of developed countries (DCs). We do this by examining three types of empirical FDI studies that typically do not distinguish between...
Persistent link: https://www.econbiz.de/10012468315
This paper assesses the evidence regarding the effects of multinational production on wages and working conditions in developing countries. It is motivated by recent controversies concerning whether multinational firms in developing countries exploit workers by paying low wages and subjecting...
Persistent link: https://www.econbiz.de/10012469029
local managers learn the multinational's technology and can defect to start a rival firm. If contract enforcement leads the …
Persistent link: https://www.econbiz.de/10012472357
Internationalized production, that is, production in a country controlled by firms based in another country, grew from about 4.5% of world output in 1970 to over 7% in 1995. The importance of internationalized output fell substantially in developing countries until around 1990 but has been been...
Persistent link: https://www.econbiz.de/10012472403