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Multinationals and the Gains from International Diversification
Rowland, Patrick F. - 2002
One possible explanation for home bias is that investors may obtain indirect international diversification benefits by … tests to examine the diversification potential of multinational firms and foreign market indices for investors domiciled in … multinational stocks. However, there is weak evidence that U.S. multinationals provided global diversification benefits in the full …
Persistent link: https://www.econbiz.de/10012787511
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Multinationals, Technology, and the Introduction of Varieties of Goods
Brambilla, Irene - 2010
Multiproduct firms and product turnover are widespread phenomena. This paper develops a theoretical framework that links advantages in Ramp;D and variable costs with firm's ability to expand its portfolio of products. The framework is then applied to explain systematic differences in product...
Persistent link: https://www.econbiz.de/10012761578
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Regional Trade Integration and Multinational Firm Strategies
Antras, Pol - 2010
This paper analyzes the effects of the formation of a regional trade agreement on the level and nature of multinational firm activity. We examine aggregate data that captures the response of U.S. multinational firms to the formation of the ASEAN free trade agreement. Observed patterns guide the...
Persistent link: https://www.econbiz.de/10012757535
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Internalizing Global Value Chains : A Firm-Level Analysis
Alfaro, Laura - 2015
In recent decades, advances in information and communication technology and falling trade barriers have led firms to retain within their boundaries and in their domestic economies only a subset of their production stages. A key decision facing firms worldwide is the extent of control to exert...
Persistent link: https://www.econbiz.de/10013014670
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Outsourcing Jobs? Multinationals and Us Employment
Harrison, Ann E. - 2010
Critics of globalization claim that US manufacturing firms are being driven to shift employment abroad by the prospects of cheaper labor. Others argue that the availability of low-wage labor has allowed US based firms to survive and even prosper. Yet evidence for either hypothesis, beyond...
Persistent link: https://www.econbiz.de/10012760794
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Culture and Global Sourcing
Gorodnichenko, Yuriy - 2015
This paper develops a model of global sourcing with culturally dissimilar countries. Production of final goods requires the coordination of decisions between the headquarter of a multinational firm and managers of their component suppliers. Managers of both units are assumed to have strong...
Persistent link: https://www.econbiz.de/10013022167
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Outsourcing Versus FDI in Industry Equilibrium
Helpman, Elhanan; Grossman, Gene M. - 2021
We study the determinants of the extent of outsourcing and of direct foreign investment in an industry in which …
Persistent link: https://www.econbiz.de/10013225805
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Overseas Assembly and Country Sourcing Choices
Swenson, Deborah L. - 2021
outsourcing decisions are affected by changes in country and competitor costs. A number of interesting regularities emerge. When a … developed countries. In many cases, the measured responses to cost changes appear to correspond with outsourcing theories that …
Persistent link: https://www.econbiz.de/10013237294
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Physical Capital, Knowledge Capital and the Choice between FDI and Outsourcing
Chen, Yongmin; Horstmann, Ignatius J.; Markusen, James R. - 2021
There exist two approaches in the literature concerning the multinational firm's mode choice for foreign production between an owned subsidiary and a licensing contract. One approach considers environments where the firm is transferring primarily knowledge-based assets. An important assumption...
Persistent link: https://www.econbiz.de/10013214625
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Ownership and Control in Outsourcing to China : Estimating the Property-Rights Theory of the Firm
Feenstra, Robert C.; Hanson, Gordon H. - 2021
In this paper, we develop a simple model of international outsourcing and apply it to processing trade in China. We …
Persistent link: https://www.econbiz.de/10013228044