Models dealing with cross-border acquisitions versus greenfield investment usually assume that the entry of a foreign … relative to acquisition when the local market structure adjusts to foreign entry through local entry or exit than when it is … fixed. The entering foreign firm may do better or worse under free entry versus a fixed market structure depending on its …

We estimate and attempt to explain the evolution of the taxes paid by U.S. multinationals on their foreign profits … after-tax returns. Foreign taxes fell abruptly after the first Gulf War. In sectors other than oil, the effective foreign … havens. The low foreign taxes paid by U.S. multinationals can explain half of the U.S. cross-border return differential …

The U.S. Bureau of Economic Analysis (BEA) estimates the return on investments of foreign subsidiaries of U ….S. multinational companies over the period 1982--2006 averaged 9.4 percent annually after taxes; U.S. subsidiaries of foreign … foreign and domestic locations. Used abroad, it generates profits for foreign subsidiaries with no foreign direct investment …

Japanese firms that were acquired by foreign firms improves after the acquisition. In our previous study for the Japanese …) and profit rates than M&As by domestic firms. However, it may argued that firms acquired by foreign firms showed better … performance simply because foreign investors acquired more promising Japanese firms than Japanese investors did. In order to …

others serve foreign markets through exports and/or FDI. When overseas production offers no cost advantages, our model … predicts that investors should be more productive than exporters. An extension allowing for low-cost foreign production can …

Anecdotal evidence suggests that new CEOs with foreign backgrounds direct their firms to become more international in … foreign-connected CEOs. Robust to a variety of specifications, we find that a U.S. firm's switch from a U.S. to a foreign CEO … leads to substantial increases in the firm's proportion of its foreign assets and foreign affiliate sales. In fact, our …

Case studies of export behavior suggest that firms who penetrate foreign markets reduce entry costs for other potential … associated with one firm's export activity reduce the cost of foreign market access for other firms. We identify two potential …