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Watch What I Do, Not What I Say : The Unintended Consequences of the Homeland Investment Act

Dharmapala, Dhammika - 2009

This paper analyzes the impact on firm behavior of the Homeland Investment Act of 2004, which provided a one-time tax …. Repatriations did not lead to an increase in domestic investment, employment or R&D -- even for the firms that lobbied for the tax …

Persistent link: https://www.econbiz.de/10012463626

Foreign Direct Investment and Domestic Economic Activity

Desai, Mihir A. - 2005

How does rising foreign investment influence domestic economic activity? Firms whose foreign operations grow rapidly …-specific geographic distributions of foreign investment, to predict changes in foreign investment by a large panel of American firms …. Estimates produced using this instrument for changes in foreign activity indicate that 10% greater foreign capital investment is …

Persistent link: https://www.econbiz.de/10012466955

Foreign Direct Investment and the Domestic Capital Stock

Desai, Mihir C. - 2005

This paper evaluates evidence of the impact of outbound foreign direct investment (FDI) on domestic investment rates …. OECD countries with high rates of outbound FDI in the 1980s and 1990s exhibited lower domestic investment than other … countries, which suggests that FDI and domestic investment are substitutes. U.S. time series data tell a very different story …

Persistent link: https://www.econbiz.de/10012467612

The Stock Market and Investment : Evidence from FDI Flows

Baker, Malcolm - 2004

Foreign direct investment offers a rich laboratory in which to study the broader economic effects of securities market …

Persistent link: https://www.econbiz.de/10012468134

Regional Trade Integration and Multinational Firm Strategies

Antràs, Pol - 2009

, the model predicts growth in the number of source-country firms engaging in foreign direct investment, growth in the size …

Persistent link: https://www.econbiz.de/10012463757

Multinational Firms, FDI Flows and Imperfect Capital Markets

Antràs, Pol - 2007

-border operational, financing and investment decisions of firms. We develop a model in which product developers have a comparative … technologies abroad, multinational firm (MNC) activity and foreign direct investment (FDI) flows arise endogenously when monitoring …

Persistent link: https://www.econbiz.de/10012465801

Why do firms hold so much cash? A tax-based explanation

Foley, C. Fritz - 2006

U.S. corporations hold significant amounts of cash on their balance sheets, and these cash holdings have been justified in the existing empirical literature by transaction costs and precautionary motives. An additional explanation, considered in this study, is that U.S. multinational firms hold...

Persistent link: https://www.econbiz.de/10012466012

Capital Structure with Risky Foreign Investment

Desai, Mihir A. - 2006

American multinational firms respond to politically risky environments by adjusting their capital structures abroad and at home. Foreign subsidiaries located in politically risky countries have significantly more debt than do other foreign affiliates of the same parent companies. American firms...

Persistent link: https://www.econbiz.de/10012466392

Do Stronger Intellectual Property Rights Increase International Technology Transfer? Empirical Evidence from U.S. Firm-Level Data

Branstetter, Lee - 2005

This paper examines how technology transfer within U.S. multinational firms changes in response to a series of IPR reforms undertaken by 16 countries over the 1982-1999 period. Analysis of detailed firm-level data reveals that royalty payments for technology transferred to affiliates increase at...

Persistent link: https://www.econbiz.de/10012467163

Economic Effects of Regional Tax Havens

Desai, Mihir A. - 2004

.7 percent greater sales and investment growth by non-haven affiliates, implying a complementary relationship between haven and …

Persistent link: https://www.econbiz.de/10012467883