Showing 1 - 10 of 1,358
We study the evolution of EC merger decisions over the first 25 years of common European merger policy. Using a novel dataset at the level of the relevant antitrust markets and containing all merger cases scrutinized by the Commission over the 1990-2014 period, we evaluate how consistently...
Persistent link: https://www.econbiz.de/10012200178
New England is at the leading edge of an energy transition in which natural gas is playing an increasingly important role in the US electricity generation mix. In recent years, the region’s wholesale natural gas and electricity markets have experienced severe, simultaneous price spikes. While...
Persistent link: https://www.econbiz.de/10011735963
of a major international bank to third-country counter parties during the recent crisis may thus result in persistently … lower volumes of outward FDI from the bank's home market. -- outward sector-level FDI ; banks ; asymmetric information …
Persistent link: https://www.econbiz.de/10009153880
This paper analyzes how corporate taxation and regulatory requirements affect the location of financial sector FDI. We use novel information on new financial services entities established by multinational firms in 83 host countries. We find a negative effect of host country taxes on the...
Persistent link: https://www.econbiz.de/10011334235
We develop a dynamic general equilibrium framework with firm heterogeneity and monopsonistic labour markets, for quantification of the impact of trade and FDI liberalisation episodes. Firms make standard extensive margin investment choices into exporting and multinational statuses. The labour...
Persistent link: https://www.econbiz.de/10013503390
This paper provides empirical evidence on two potential costs of shared ownership of German affiliates abroad. First, in periods of currency crises, wholly-owned affiliates, in contrast to partially-owned affiliates, seem to circumvent financial constraints by accessing capital from their parent...
Persistent link: https://www.econbiz.de/10003923516
This paper uses micro-data from the World Bank Investment Climate Surveys 2002-2006 to investigate how foreign …
Persistent link: https://www.econbiz.de/10009772816
This paper shows how the distribution of the ownership of multinational companies and the labour market conditions, especially the wage formation process, influence the outcome of interjurisdictional tax competition and coordination. In particular, it sets forth that equilibrium corporate tax...
Persistent link: https://www.econbiz.de/10011408608
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/10010461272
The exceptional export performance of foreign-owned firms is a well-established stylized fact, but the underlying mechanism is not yet fully understood. In this paper, we provide theory and empirical evidence demonstrating that this fact can be explained by ownership differences in access to...
Persistent link: https://www.econbiz.de/10012404685