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Using a unique dataset on worldwide multinational corporations with precise location of headquarters and affiliates, I … role in the location strategies of multinational corporations. …
Persistent link: https://www.econbiz.de/10011864328
vary in their pattern of new firm location. In East Germany, only 5 percent of the industries reveal start-up localization … patterns beyond what natural advantages would suggest compared to 40 percent in West Germany. -- Entrepreneurship ; location …New firm location decisions, relative to incumbents may be based on a choice between two types of advantages: natural …
Persistent link: https://www.econbiz.de/10003803496
The paper evaluates the working of German CFC rules that restrict the use of foreign subsidiaries located in low-tax countries to shelter passive investment income from home taxation. While passive investments make up a significant fraction of German outbound FDI, we find that German CFC rules...
Persistent link: https://www.econbiz.de/10003833331
location for an affiliate of a multinational firm. In particular, we distinguish between the tax sensitivity of Greenfield and … M&A investments. Based on a novel firm-level dataset on German outbound FDI, we find evidence that location decisions of … M&A investments are less sensitive to differences in tax rates than location decisions of Greenfield investments …
Persistent link: https://www.econbiz.de/10003974552
Persistent link: https://www.econbiz.de/10003499543
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 provides the first in-depth study of the organization of knowledge in multinational firms. The paper develops a theoretical model that studies how firms optimally split knowledge between their headquarters and their production plants if communication costs impede the access of...
Persistent link: https://www.econbiz.de/10011281300
This paper examines how restrictions on the tax-deductibility of interest cost affect location choices of multinational …-elasticities of location choice and also novel results on the relative importance of tax base vs. tax rate effects. We finally provide …
Persistent link: https://www.econbiz.de/10011300391
exports and take this model to data from Germany, one of the leading actors on the world market for goods. In line with …
Persistent link: https://www.econbiz.de/10009772938
strong economic effects on Germany. In this paper, we put this trade policy initiative in its broader perspective. We argue … project could increase per capita income in Germany by between 1 and 3%. We critically question the need for investor …
Persistent link: https://www.econbiz.de/10010469280