Similar Search Results

Vertical foreign direct investment : make, sell and (not) buy

Milliou, Chrysovalantou; Sandonís, Joel - 2016

According to conventional wisdom, multinational firms undertake vertical FDI in order to take advantage of cross-border factor cost differences and source the inputs from abroad at better terms. Recent empirical findings though document that this is not always the case. We provide theoretical...

Persistent link: https://www.econbiz.de/10011565578

The structure of multinational firms' international activities

Davies, Ronald B.; Markusen, James R. - 2020

The structure of a multinational firm, that is how its affiliates relate to one another, is critical for understanding where multinationals locate, how policy affects them, and their resilience to localized shocks. Here, we review the two main structures: horizontal investments which replicate...

Persistent link: https://www.econbiz.de/10012174819

Upstream horizontal mergers and efficiency gains

Milliou, Chrysovalantou; Pavlou, Apostolis - 2009

We study upstream horizontal mergers and their potential efficiency gains. We show that an upstream horizontal merger can give rise to two efficiency-enhancing effects when firms trade through two-part tariffs. It increases R&D investments and decreases wholesale prices when downstream...

Persistent link: https://www.econbiz.de/10010484491

Manufacturers mergers and product variety in vertically related markets

Milliou, Chrysovalantou; Sandonís, Joel - 2014

We study final product manufacturers’ incentives to introduce new products into the market and how they are affected by a merger among them. We show that when manufacturers distribute their products through multi-product retailers, a manufacturers merger, although it leads to an increase in...

Persistent link: https://www.econbiz.de/10010388531

How far away is an intangible? : services FDI and distance

Davies, Ronald B.; Guillin, Amélie - 2011

Foreign direct investment (FDI) in services has grown significantly in recent years. Evidence of spatial relationships in FDI decisions have been provided for goods manufacturing by utilizing physical distance-based measures of trade costs. This paper investigates spatial interactions for...

Persistent link: https://www.econbiz.de/10009307953

The location of cross-border mergers & acquisitions in the USA

Brakman, Steven; Garretsen, Harry; Marrewijk, Charles van - 2015 - First version: October 2014, this version: April 2015

neglected. In this paper we analyze the within country location-target selection of M&As in the USA. Extending Guadalupe (2012 … the USA for the period 1985-2012, we compare location choices of cross-border M&As to that of national M&As. We find that … across the USA than national M&As, and that for both forms of M&As location specific market access in the USA as well as …

Persistent link: https://www.econbiz.de/10010515424

Horizontal versus vertical interdependence in multinational activity

Badinger, Harald (contributor); Egger, Peter (contributor) - 2008

Recent research in international economics highlights the role of interdependencies of investment decisions and sales of multinational firms. Previous work focused on and provided evidence for aggregate flows or stocks of foreign direct investment, showing that interdependence declines in...

Persistent link: https://www.econbiz.de/10003720587

Multiproduct mergers and the product mix in domestic and foreign markets

Chan, Jackie M.L.; Irlacher, Michael; Koch, Michael - 2022

This paper investigates the effects of mergers on the product mix of multiproduct firms. Thus, we open the black box of post-merger efficiency improvements to reveal a new margin of adjustment along the product dimension. We analyze horizontal mergers in a theoretical model where oligopolistic...

Persistent link: https://www.econbiz.de/10013186438

Export or merge? : proximity vs. concentration in product space

Muendler, Marc-Andreas - 2013

This paper proposes a proximity-concentration tradeoff in product space as a determinant of horizontal foreign direct investment (FDI). Firms that enter a foreign market by exporting are able to capture consumer surplus from introducing a differentiated product with characteristics that the...

Persistent link: https://www.econbiz.de/10010227197

Downstream merger with oligopolistic input suppliers

Lommerud, Kjell Erik; Straume, Odd Rune; Sørgard, Lars - 2002

We examine how a downstream merger affects input prices and, in turn, the profitability of a such a merger under Cournot competition with differentiated products. Input suppliers can be interpreted as ordinary upstream firms, or trade unions organising workers. If the input suppliers are...

Persistent link: https://www.econbiz.de/10011409994

1
2
3
4
5
6
7
8
9
10
Next
Last