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: the continued decline in Japanese FDI during a period of stable stock prices and a rapidly appreciating yen. However, when … are able to show that unequal access to credit by Japanese firms can explain the FDI puzzle in the 1990s. We utilize a … unique data set that links individual Japanese firms engaged in FDI to their main banks. Using both bank-level and firm …
Persistent link: https://www.econbiz.de/10012788054
directly test the hypothesis that FDI is a channel of knowledge spillovers for Japanese multinationals undertaking direct … investments in the United States. Using an original firm-level data set on Japanese firms' FDI and innovative activity find … evidence that FDI increases the flow of knowledge spillovers both from and to the investing Japanese firms …
Persistent link: https://www.econbiz.de/10013226164
This paper examines the relationship between the share of employment potentially affected by offshoring and economic and structural factors, including trade in business services and foreign direct investment (FDI), using simple descriptive regressions for a panel of OECD economies between 1996...
Persistent link: https://www.econbiz.de/10012760485
Eliminating firms' access to tax havens can have unintended consequences for their domestic economic activity. We study a policy that limited profit shifting by US multinationals and show it raised the tax cost of domestic investment. Firms affected by the policy responded by reducing investment...
Persistent link: https://www.econbiz.de/10012914258
This paper asks whether startups react more to changing investment opportunities than more mature firms do. We use the fact that a region's pre-existing industrial structure creates exogenous variation in the severity of its exposure to nation-wide manufacturing shocks to develop an instrument...
Persistent link: https://www.econbiz.de/10013034345
We use firm-level data on U.S. multinationals to show how offshoring affects domestic employment within and across firms. We introduce a new instrument for offshoring: Bilateral Tax Treaties, which reduce the cost of offshore activities. We find substantial heterogeneity in effects. A 10 percent...
Persistent link: https://www.econbiz.de/10012945157
division of labor within a firm tend to shift the domestic production toward technology and management intensive operations …
Persistent link: https://www.econbiz.de/10013235624
. It reduces organizing success by lowering profits, thus giving management a greater incentive to oppose unions. It shows … that in the traditional monopoly model, any given premium can cause management to donate more resources to opposing a union …
Persistent link: https://www.econbiz.de/10013233773
reaction to adverse shocks to Sino-Japanese relations in 2005 and 2010. Japanese companies with high China exposure suffer … relative declines during each event window; a symmetric effect is observed for Chinese companies with high Japanese exposure …. The effect on Japanese companies is more pronounced for those operating in industries dominated by Chinese state …
Persistent link: https://www.econbiz.de/10013054515
Using a unique database on all Japanese manufacturing plants in the United States, we examine the relationship between …
Persistent link: https://www.econbiz.de/10013227197