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Belenzon, Sharon - 2018

Prior work has established that the financing environment can impact firm strategy. We argue that this influence can shape the earliest strategic choices of a new venture by creating a potential tradeoff between two objectives: rapid growth and reaping the benefits of a positive reputation...

Persistent link: https://www.econbiz.de/10012480556

Regional Trade Integration and Multinational Firm Strategies

Antràs, Pol - 2009

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/10012463757

The Wealth of Working Nations

Fernández-Villaverde, Jesús; Ventura, Gustavo; Yao, Wen - National Bureau of Economic Research - 2023

Due to population aging, GDP growth per capita and GDP growth per working-age adult have become quite different among many advanced economies over the last several decades. Countries whose GDP growth per capita performance has been lackluster, like Japan, have done surprisingly well in terms of...

Persistent link: https://www.econbiz.de/10014437045

Productivity Growth and Levels in France, Japan, the United Kingdom and the United States in the Twentieth Century

Cette, Gilbert - 2009

Capital deepening (at least to the extent this can be measured) accounts for a large share of the variations in performance; increasingly during the past 25 years, this has meant ICT capital deepening. However, the capital contribution to growth varies considerably over time and across the four...

Persistent link: https://www.econbiz.de/10012463072

Technology Capital and the U.S. Current Account

McGrattan, Ellen R. - 2008

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/10012464663

The Case of the Missing Productivity Growth : Or, Does Information Technology Explain why Productivity Accelerated in the US but not the UK?

Basu, Susanto - 2003

We argue that unmeasured investments in intangible organizational capital associated with the role of information and communications technology (ICT) as a general purpose technology' can explain the divergent U.S. and U.K. TFP performance after 1995. GPT stories suggest that measured TFP should...

Persistent link: https://www.econbiz.de/10012468688

Why is Growth better in the United States than in other Industrial Countries

Feldstein, Martin S. - 2017

Although the official statistics imply that the rate of growth of real GDP in the United States has declined in recent years, it has still been substantially higher than the real growth rates in Europe and the other industrial countries, leading to higher real per capita incomes. This paper...

Persistent link: https://www.econbiz.de/10012455460

Exchange Rate Variability and the Riskiness of U.S. Multinational Firms : Evidence from the Breakdown of the Bretton Woods System

Bartov, Eli - 1995

components of systematic and diversifiable risk. Focusing on two periods around the 1973 switch from fixed to floating exchange … increase in total volatility led to a significant increase in market risk (beta) for the multinational firms relative to the …

Persistent link: https://www.econbiz.de/10012473547

Why Do Foreign Firms Have Less Idiosyncratic Risk than U.S. Firms?

Bartram, Söhnke M. - 2009

idiosyncratic risk than a comparable U.S. firm. Country characteristics help explain variation in the level of idiosyncratic risk …, but less so than firm characteristics. Idiosyncratic risk falls as government stability and respect for the rule of law … improve. Idiosyncratic risk is positively related to stock market development but negatively related to bond market …

Persistent link: https://www.econbiz.de/10012463717

Foreign Ownership and Firm Performance : Emerging-Market Acquisitions in the United States

Chari, Anusha - 2009

This paper examines the recent upsurge in foreign acquisitions of U.S. firms, specifically focusing on acquisitions made by firms located in emerging markets. Neoclassical theory predicts that, on net, capital should flow from countries that are capital-abundant to countries that are...

Persistent link: https://www.econbiz.de/10012463861

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