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Profit Shifting and Investment Effects : The Implications of Zero-Taxable Profits

Koethenbuerger, Marko - 2018

Recent empirical research documents a tendency of affiliates of multinational enterprises to bunch around zero reported profit. Setting up a model that allows for profitable and loss-making affiliates of multinationals, we show that profit shifting to a low-tax country as well as a loss-related,...

Persistent link: https://www.econbiz.de/10012921411

Former Foreign Affiliates : Cast Out and Outperformed?

Javorcik, Beata Smarzynska - 2015

The literature has documented a positive effect of foreign ownership on firm performance. But is this effect due to a one-time knowledge transfer or does it rely on continuous injections of knowledge? To shed light on this question we focus on divestments, that is, foreign affiliates that are...

Persistent link: https://www.econbiz.de/10013030495

World Market Access of Emerging-Market Firms : The Role of Foreign Ownership and Access to External Finance

Raff, Horst - 2013

This paper uses micro-data from the World Bank Investment Climate Surveys 2002-2006 to investigate how foreign ownership and access to external finance affect the likelihood of manufacturers in emerging markets to export and/or import. Applying propensity score matching to control for...

Persistent link: https://www.econbiz.de/10013078522

There's No Place Like Home : The Profitability Gap between Headquarters and their Foreign Subsidiaries

Dischinger, Matthias; Riedel, Nadine - 2021

quantitatively large. Our findings suggest that the profitability gap is partly driven by agency costs which arise if value … communication and travel costs over the last decade, the profitability gap is shown to decline over time. Apart from that, our … profitability gap. We discuss various implications of our findings …

Persistent link: https://www.econbiz.de/10013316283

Multinationals, Minority Ownership and Tax-Efficient Financing Structures

Schindler, Dirk - 2013

This paper presents a theory model that simultaneously accounts for the financing decisions and ownership structure in affiliates of multinational firms. We find that affiliates of multinationals have higher internal and overall debt ratios and lower rental rates of physical capital than...

Persistent link: https://www.econbiz.de/10013094791

Tax-Response Heterogeneity and the Effects of Double Taxation Treaties on the Location Choices of Multinational Firms

Behrendt, Simon - 2018

This paper examines location choices of multinational enterprises (MNEs). We particularly focus on the consequences of double taxation treaties (DTTs) and corporate profit taxes on the probability to choose a location. DTTs have become a key policy instrument used by countries to regulate...

Persistent link: https://www.econbiz.de/10012924353

Intellectual Property Rights, Multinational Firms and Technology Transfers

Biancini, Sara - 2018

Intellectual Property Rights (IPR) protect firms from imitation and are considered crucial to promote innovation and technological diffusion. This paper examines the impact of IPR on import sourcing decisions of multinationals. We consider a framework in which firms offshore production of an...

Persistent link: https://www.econbiz.de/10012929260

What is a Foreign Firm? Implications for Productivity Spillovers

mcgaughey, sara - 2018

When searching for productivity spillovers from foreign firms, a firm is typically classified as foreign using a low threshold of direct foreign ownership. Instead, we advocate an ‘ultimate owner' definition because (i) ultimate ownership includes indirect ownership links that are prevalent in...

Persistent link: https://www.econbiz.de/10012913192

Contagious Exporting and Foreign Ownership : Evidence from Firms in Shanghai Using a Bayesian Spatial Bivariate Probit Model

Baltagi, Badi H. - 2018

and among foreign-owned firms, respectively, amplify shocks to the profitability of these activities to a large extent …

Persistent link: https://www.econbiz.de/10012916953

Profit Shifting and FDI Restrictions

Lebrand, Mathilde - 2016

Tariffs have almost completely disappeared but various restrictions on foreign entry remain for multinationals. Many trade agreements and Bilateral Investment Treaties (BITs) have been signed to lower tariffs and reduce the risks of expropriation. Why do we see so few agreements removing FDI...

Persistent link: https://www.econbiz.de/10012989626

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