performance to vary with foreign direct investment (FDI) and shows that the foreign expansion itself is the dominant explanatory …

, passive investment, and active investment of multinational firms, using high-quality administrative data on virtually all … German-based multinationals. We use two main identification strategies, based on: (1) synthetic control methods, and (2 … multinational affiliates. Additionally, an ACE increases intra-group lending and other forms of passive investment but has no …

profit. Setting up a model that allows for profitable and loss-making affiliates of multinationals, we show that profit …-tax country induces bunching. Such bunching promotes investment incentives in the low-tax as well as the high-tax country. In … equilibrium, affiliates might over-invest and the bunching-related investment effects generate a tendency for too high profit …

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

This paper investigates the benefits of banks' direct investment in foreign subsidiaries and branches for non …-financial multinationals. The paper builds on the literature on international banks which has primarily focused on the implications for host … countries, rather than for its international clients, and on the literature on foreign direct investment (FDI), which emphasizes …

affect employment. Our strategy detects salient adjustments at the extensive margin for German MNEs. With every percentage …

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 … rise in optimal corporate tax rates, and a decline in multinational investment. Thus fears of a quot;race to the bottomquot …

owning the most assets) will enter through greenfield investment, less productive ones will choose Mamp;A, and the least …