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The Effect of Takeover Activity on Corporate Research and Development
Hall, Bronwyn H. - 2021
rather than more R&D capital than the industry as a whole, it seems unlikely that the recent increase in takeover activity …
Persistent link: https://www.econbiz.de/10013221861
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The Impact of Corporate Restructuring on Industrial Research and Development
Hall, Bronwyn H. - 2021
This paper investigates whether the recent wave of corporate restructuring in the United States has had a negative impact on research arid development investment by industrial firms. Using a newly constructed sample of about 2500 manufacturing firms from 1974 to 1987, I examine three major...
Persistent link: https://www.econbiz.de/10013233032
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Private Equity and Long-Run Investment : The Case of Innovation
Lerner, Josh - 2015
A long-standing controversy is whether LBOs relieve managers from short-term pressures from public shareholders, or whether LBO funds themselves are driven by short-term profit motives and sacrifice long-term growth to boost short-term performance. We investigate 495 transactions with a focus on...
Persistent link: https://www.econbiz.de/10012749918
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Watch What I Do, Not What I Say : the Unintended Consequences of the Homeland Investment Act
Dharmapala, Dhammika - 2010
This paper analyzes the impact on firm behavior of the Homeland Investment Act of 2004, which provided a one-time tax holiday for the repatriation of foreign earnings by U.S. multinationals. The analysis controls for endogeneity and omitted variable bias by using instruments that identify the...
Persistent link: https://www.econbiz.de/10013152600
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Firm-Specific Resources, Financial-Market Development and the Growth of U.S. Multinationals
Feinberg, Susan - 2002
We study the resource allocation decisions of U.S. multinational corporations (MNCs). We examine how established MNCs grow across countries and how firm-specific resources and host country financial-market development influence MNC growth. We find evidence of intra-firm trade-offs to growth in...
Persistent link: https://www.econbiz.de/10012787093
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On the Sensitivity of R&D to Delicate Tax Changes : The Behavior of U.S. Multinationals in the 1980s
Hines Jr., James R. - 2021
This paper explores the effect of recent U.S. tax changes on the R&D activities of American multinational corporations. Prior to 1986, U.S. multinational firms could deduct all of their domestic R&D expenses against their U.S. income for tax purposes. After 1986, some firms could take only a...
Persistent link: https://www.econbiz.de/10013236705
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Estimating the Knowledge-Capital Model of the Multinational Enterprise : Comment
Blonigen, Bruce A.; Davies, Ronald B.; Head, Keith - 2022
A recent American Economic Review article by David L. Carr, James R. Markusen, and Keith E. Maskus (CMM) estimates a regression specification based upon the 'knowledge-capital' model of the Multinational Enterprise (MNE). The knowledge-capital model combines 'horizontal' motivations for FDI --...
Persistent link: https://www.econbiz.de/10013313318
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The it Revolution and the Globalization of R&D
Branstetter, Lee - 2018
Since the 1990s, R&D has become less geographically concentrated, and has seen especially fast growth in emerging markets. One of the distinguishing features of the R&D globalization phenomenon is its concentration within the software/IT domain; the increase in foreign R&D has been largely...
Persistent link: https://www.econbiz.de/10012916620
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Cherries for Sale : Export Networks and the Incidence of Cross-Border M&A
Blonigen, Bruce A. - 2012
evidence that both the established export networks and productivity losses among target firms promote takeover by foreign …
Persistent link: https://www.econbiz.de/10013100356
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Swedish Firms Acquired by Foreigners : A Comparison of Before and after Takeover
Lipsey, Robert E. - 2004
relatively low in value added per employee at the time of takeover and before, a characteristic we take to indicate relatively …-term recoveries after takeover from the misfortunes of the takeover year and a return to higher growth rates of employment and output … year or two after takeover but seem to have increased their profitability or efficiency relative to their industries. The …
Persistent link: https://www.econbiz.de/10012786214