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This paper assesses whether cross-border M and A decisions exhibit network effects. We estimate exponential random graph models (ERGM) and temporal exponential random graph models (TERGM) to evaluate the determinants of cross-country M and A investments at the sectoral level. The results show...
Persistent link: https://www.econbiz.de/10012154966
stronger shareholder protection and if the target’s industry is more competitive. We conclude that the international market for … corporate control promotes the adoption of better corporate governance practices around the world …
Persistent link: https://www.econbiz.de/10014394542
international tax rules. Around 95 percent of these foreign investments pass through Luxembourg via companies performing holding and … percent of GDP on salaries and purchases of business services. Ongoing changes in the international corporate tax framework …
Persistent link: https://www.econbiz.de/10012392656
How did the rise of multinational enterprises (MNEs) put pressure on the prevailing international corporate tax … triggered unprecedented recent concerns about vulnerabilities in international tax arrangements and the taxation of MNEs? This …-with important tax ramifications. The fragility of international tax arrangements was present at the outset of designing …
Persistent link: https://www.econbiz.de/10012301968
Macro statistics on foreign direct investment (FDI) are blurred by offshore centers with enormous inward and outward investment positions. This paper uses several new data sources, both macro and micro, to estimate the global FDI network while disentangling real investment and phantom investment...
Persistent link: https://www.econbiz.de/10012155009
The empirical analysis in ""International R&D Spillovers"" (Coe and Helpman, 1995) is first revisited by applying …
Persistent link: https://www.econbiz.de/10014400689
Economists interested in location choices usually focus their attention on investments abroad. This neglects the fact that multinational enterprises continue to invest domestically while undertaking foreign expansion. This paper compares investments at home and abroad. Our firm-level dataset...
Persistent link: https://www.econbiz.de/10011779742
We estimate international technology spillovers to U.S. manufacturing firms via imports and foreign direct investment …
Persistent link: https://www.econbiz.de/10014403965
Income earned by the branches and subsidiaries of multinational firms can be either reinvested in the host country or repatriated as dividends to the firms'' headquarters. Despite the rapid growth of foreign direct investment in the 1990s, there has been relatively limited analysis of the...
Persistent link: https://www.econbiz.de/10014404133
transfers are controlled for, host country risk and market openness are found to raise affiliate returns on equity and returns …
Persistent link: https://www.econbiz.de/10014399589