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An Assignment Theory of Foreign Direct Investment
Nocke, Volker; Yeaple, Stephen R. - 2021
We develop an assignment theory to analyze the volume and composition of foreign direct investment (FDI). Firms conduct …
Persistent link: https://www.econbiz.de/10013218332
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Cherries for Sale : Export Networks and the Incidence of Cross-Border M&A
Blonigen, Bruce A. - 2012
network as valuable to serve independently, increasing the surplus generated by a foreign acquisition. From the theory we … 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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Taxation and the Sources of Growth : Estimates from United States Multinational Corporations
Cummins, Jason G. - 2022
Capital income tax policy affects investment by the parent and affiliates of multinational corporations (MNCs). In a model in which technical advances are embodied in new capital, investment will translate directly into productivity gains. In this paper, I use this framework to guide the growth...
Persistent link: https://www.econbiz.de/10013322112
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Inappropriate Pooling of Wealthy and Poor Countries in Empirical FDI Studies
Blonigen, Bruce A.; Wang, Miao - 2021
This paper examines the question of whether less-developed countries' (LDCs') experiences with foreign direct investment (FDI) systematically different from those of developed countries (DCs). We do this by examining three types of empirical FDI studies that typically do not distinguish between...
Persistent link: https://www.econbiz.de/10013228764
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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
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Cross-Border Acquisitions and Target Firms' Performance : Evidence from Japanese Firm-Level Data
Fukao, Kyoji - 2010
Using Japanese firm-level data for the period from 1994-2002, this paper examines whether a firm is chosen as an acquisition target based on its productivity level, profitability and other characteristics and whether the performance of Japanese firms that were acquired by foreign firms improves...
Persistent link: https://www.econbiz.de/10012760742
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Cross-Border Acquisitions and Labor Regulations
Levine, Ross - 2015
Do labor regulations influence the reaction of stock markets and firm profitability to cross-border acquisitions? We discover that acquiring firms enjoy smaller abnormal stock returns and profits when targets are in countries with stronger labor protection regulations, i.e., in countries where...
Persistent link: https://www.econbiz.de/10013021471
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Foreign Ownership and Firm Performance : Emerging-Market Acquisitions in the United States
Chari, Anusha; Chen, Wenjie; Dominguez, Kathryn M.E - 2021
made by firms located in emerging markets. Neoclassical theory predicts that, on net, capital should flow from countries …
Persistent link: https://www.econbiz.de/10013226196
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Foreign Ownership and Employment Growth in Indonesian Manufacturing
Lipsey, Robert E. - 2010
. Foreign takeover of a domestically-owned plant, on average, brings a large immediate expansion of employment …
Persistent link: https://www.econbiz.de/10013144499
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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