The research on the location choice for Foreign Direct Investment (FDI) is traditionally restricted to a choice between … considered it is mostly limited to Greenfield investments. The vast majority of FDI, however, takes place in the form of cross …-border Mergers & Acquisitions (M&As), and for this form of FDI (empirical) research on location choice within countries has been …

Using a detailed and large data set on cross-border merger and acquisitions we discuss the relationship between theory … and observed empirical characteristics: (i) most FDI is in the form of M&As, (ii) firms engaged in M&As seem to be 'market …-seeking', (iii) M&As come in waves (the most recent wave is still unfolding), (iv) economic integration (international deregulation …

within the firm. The welfare analysis illustrates that larger countries are better off after the merger. By contrast, smaller … countries may lose, if the pre-merger production cost differential across firms is negligible and/or a post-merger technology … effects of a merger. In this respect, the main result of the paper is that an adjustment of plant location in space can …

The multinationalization of corporate investment in recent years has given rise to a number of international tax … capital and so facilitate investment. Both the welfare effects of and the optimal response to international tax planning are …

direct investment (FDI) in a given host country is moderated significantly, and even in some cases eliminated, when MNEs have …

countries, rather than for its international clients, and on the literature on foreign direct investment (FDI), which emphasizes …-financial multinationals. The paper builds on the literature on international banks which has primarily focused on the implications for host … significant costs of investment. Using a new detailed data set of non-stationary sector-level outward FDI, this paper finds that …