This paper analyzes the impact on firm behavior of the Homeland Investment Act of 2004, which provided a one-time tax …. Repatriations did not lead to an increase in domestic investment, employment or R&D -- even for the firms that lobbied for the tax …

This paper evaluates evidence of the impact of outbound foreign direct investment (FDI) on domestic investment rates …. OECD countries with high rates of outbound FDI in the 1980s and 1990s exhibited lower domestic investment than other … countries, which suggests that FDI and domestic investment are substitutes. U.S. time series data tell a very different story …

Foreign direct investment offers a rich laboratory in which to study the broader economic effects of securities market …

synchronization of business cycles? This paper presents evidence on the comovement of returns and investment within U.S. multinational … firms to address this question. These firms constitute significant fractions of economic output and investment in most large … economies, suggesting that they could create significant economic linkages. Aggregate measures of rates of return and investment …

avoidance and higher interest rates raise the cost of capital, significantly reducing the level of foreign direct investment …

, the model predicts growth in the number of source-country firms engaging in foreign direct investment, growth in the size …

-border operational, financing and investment decisions of firms. We develop a model in which product developers have a comparative … technologies abroad, multinational firm (MNC) activity and foreign direct investment (FDI) flows arise endogenously when monitoring …

, assets and investment significantly more than local firms during, and subsequent to, currency crises. The enhanced relative … benefits of large depreciations. Investment specifications indicate that increases in leverage resulting from sharp … depreciations constrain local firms from capitalizing on these investment opportunities, but do not constrain multinational …