Similar Search Results

Host-Country Financial Development and Multinational Activity

Bilir, Kamran - 2014

This paper evaluates the influence of host-country financial conditions on the global operations of multinational firms. Using detailed U.S. data, we establish that financial development in a country is associated with relatively more entry by multinational affiliates, as well as with higher...

Persistent link: https://www.econbiz.de/10013055496

Technology Capital and the U.S. Current Account

McGrattan, Ellen R. - 2010

The U.S. Bureau of Economic Analysis (BEA) estimates the return on investments of foreign subsidiaries of U.S. multinational companies over the period 1982--2006 averaged 9.4 percent annually after taxes; U.S. subsidiaries of foreign multinationals averaged only 3.2 percent. Two factors distort...

Persistent link: https://www.econbiz.de/10012759325

Foreign Direct Investment in a World of Multiple Taxes

Desai, Mihir A.; Hines Jr., James R. - 2022

character of foreign direct investment by American multinational firms. Indirect tax burdens significantly exceed foreign income … to be partly attributable to the inability of American investors to claim foreign tax credits for indirect tax payments …. Estimates imply that 10 percent higher indirect tax rates are associated with 9.2 percent lower reported income of American …

Persistent link: https://www.econbiz.de/10014126301

Quantifying Productivity Gains from Foreign Investment

Fons-Rosen, Christian - 2013

We revisit the relationship between foreign investment and productivity of acquired firms. First, we construct a panel firm-level dataset for eight advanced European countries covering domestic and foreign acquisitions together with detailed balance sheet information for the years 1999{2012....

Persistent link: https://www.econbiz.de/10013084722

Intra-Industry Foreign Direct Investment

Alfaro, Laura - 2010

We use a new firm level data set that establishes the location, ownership, and activity of 650,000 multinational subsidiaries -- close to a comprehensive picture of global multinational activity. A number of patterns emerge from the data. Most foreign direct investment (FDI) occurs between rich...

Persistent link: https://www.econbiz.de/10012759786

Heterogeneous Frictional Costs Across Industries in Cross-Border Mergers and Acquisitions

Blonigen, Bruce A. - 2016

While there has been significant research to explore the determinants (and frictions) of foreign direct investment (FDI), past literature primarily focuses on country-wide FDI patterns with little examination of sectoral heterogeneity in FDI. Anecdotally, there is substantial sectoral...

Persistent link: https://www.econbiz.de/10012984746

Multinational Enterprises, International Trade, and Productivity Growth : Firm-Level Evidence from the United States

Keller, Wolfgang; Yeaple, Stephen R. - 2021

We estimate international technology spillovers to U.S. manufacturing firms via imports and foreign direct investment (FDI) between the years of 1987 and 1996. In contrast to earlier work, our results suggest that FDI leads to significant productivity gains for domestic firms. The size of FDI...

Persistent link: https://www.econbiz.de/10013222892

The Trade and Investment Effects of Preferential Trading Arrangements

Dee, Philippa; Gali, V. Jyothi - 2021

This study quantifies the impact of traditional and new age' provisions of preferential trading arrangements (PTAs) on merchandise trade and investment. It does so by estimating gravity models of bilateral trade and investment. It finds that recent and some past PTAs are not as benign as some...

Persistent link: https://www.econbiz.de/10013234974

Negative Alchemy? Corruption, Composition of Capital Flows, and Currency Crises

Wei, Shang-Jin; Wu, Yi - 2022

Crony capitalism and self-fulfilling expectations by international creditors are often suggested as two rival explanations for currency crisis. This paper examines a possible linkage between the two that has not been explored much in the literature: corruption may affect a country's composition...

Persistent link: https://www.econbiz.de/10013321581

How Would EU Corporate Tax Reform Affect Us Investment in Europe?

Devereux, Michael P. - 2011

This paper examines the likely impact of a proposed formula apportionment system for corporation tax in the EU on the inbound investment of US multinational companies. We pay attention to tax planning strategies that may be employed by US multinationals and investigate whether effective tax...

Persistent link: https://www.econbiz.de/10013118758

1
2
3
4
5
6
7
8
9
10
Next
Last