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in industries where inward FDI was encouraged, Japan MNC's affiliates in China experienced increases in their employment … model's firm-level predictions by using confidential microdata from Japan. We study the response of Japanese MNC parents and … of their affiliates in China to an exogenous change in China's openness to foreign direct investment (FDI). We find that …
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"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...
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We introduce a general quantifiable framework to study the location decisions of multinational firms. In the model, firms choose in which locations to pay the fixed costs of setting up production, taking into account potential complementarities among production locations. The firm's location...
Persistent link: https://www.econbiz.de/10014437008
We study the relationship between firm centralization and organizational reproduction in satellite locations. For decentralized firms, the ethnic compositions of inventors in satellite locations mostly resemble their host cities, with little link to the inventor composition of their parent...
Persistent link: https://www.econbiz.de/10014372481
We evaluate the 2017 Tax Cuts and Jobs Act. Combining reduced-form estimates from tax data with a global investment model, we estimate responses, identify parameters, and conduct counterfactuals. Domestic investment of firms with the mean tax change increases 20% versus a no-change baseline. Due...
Persistent link: https://www.econbiz.de/10014512034
analyzes the relation of changes in Japanese exports to levels of and changes in employment in Japanese and U.S. MNC affiliates … exports. However, production by U.S. MNC affiliates in a country often tends to reduce Japanese exports to that market. In …
Persistent link: https://www.econbiz.de/10012470135