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-border versus foreign affiliate sales. We find that for firms in our sample productivity is both a statistically significant and …
Persistent link: https://www.econbiz.de/10009535116
similar control plants exist. The results indicate that divestment is associated with a drop in total factor productivity …
Persistent link: https://www.econbiz.de/10010461272
This paper assesses sources of productivity spillovers in China's electric and electronic manufacturing industry using … important reliance on technology. In particular, the paper focuses on the role of other firms' productivity as well as … productivity shifters in affecting own firm-level total factor productivity. In addition, this paper examines the possible …
Persistent link: https://www.econbiz.de/10010356360
upgrading in foreign-acquired firms. We reveal substantial productivity gains within foreign-acquired firms and we show that …
Persistent link: https://www.econbiz.de/10011929606
This paper explores the effects of tax provisions aimed at restricting multinationals' tax planning on foreign direct investment (FDI). Using a unique dataset which allows us to observe the worldwide activities of a large panel of multinational firms, we test how limitations of interest tax...
Persistent link: https://www.econbiz.de/10010257227
Persistent link: https://www.econbiz.de/10003462031
This paper examines the link between a firm’s ownership of productive assets and its choice of foreign-market entry strategy. We find that, controlling for industry- and country-specific characteristics, the most productive firms (i.e., those owning the most assets) will enter through...
Persistent link: https://www.econbiz.de/10003301155
Persistent link: https://www.econbiz.de/10003462218
This article aims at analyzing the link between subsidiaries' capital structure and taxation in Europe. First we introduce a trade-off model, which studies a MNCs' financial strategy and shows how debt policy allows multinational groups to shift profits from low-tax to high-tax jurisdictions. By...
Persistent link: https://www.econbiz.de/10003944704
Using a large data set of European firms, this paper provides evidence that operations at multinational headquarters are significantly more profitable than operations at their foreign subsidiaries. The effect turns out to be robust and quantitatively large. Our findings suggest that the...
Persistent link: https://www.econbiz.de/10003922612