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The IT Revolution and the Globalization of R&D
Branstetter, Lee G. - 2018
markets. One of the distinguishing features of the R&D globalization phenomenon is its concentration within the software … three important phenomena: (1) the globalization of R&D, (2) the growing importance of software and IT to firm innovation … large quantities of STEM workers who possessed IT and software skills. Our findings support the view that the globalization …
Persistent link: https://www.econbiz.de/10012453013
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Internationalized Production in World Output
Lipsey, Robert E. - 1995
,' which are about 60 percent of world output. Given all the attention that 'globalization' has received from scholars …
Persistent link: https://www.econbiz.de/10012473482
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Global Production with Export Platforms
Tintelnot, Felix - 2016
Most international commerce is carried out by multinational firms, which use their foreign affiliates both to serve the market of the host country and to export to other markets outside the host country. In this paper, I examine the determinants of multinational firms' location and production...
Persistent link: https://www.econbiz.de/10012456439
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The Effect of Takeover Activity on Corporate Research and Development
Hall, Bronwyn H. - 1987
It is widely thought that increases in corporate mergers and acquisitions of the sort which the United States has experienced in the recent past lead to a reduction in such long term investment activities as R&D because of a shortened horizon on the part of managers. This paper uses a newly...
Persistent link: https://www.econbiz.de/10012476879
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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 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/10012463626
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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/10012469457
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Estimating the Knowledge-Capital Model of the Multinational Enterprise : Comment
Blonigen, Bruce A. - 2002
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/10012469785
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On the Sensitivity of R&D to Delicate Tax Changes : The Behavior of U.S. Multinationals in the 1980s
Hines, James R, Jr - 1991
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/10012475054
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FDI and Superstar Spillovers : Evidence from Firm-to-Firm Transactions
Amiti, Mary; Duprez, Cédric; Konings, Jozef; Van … - National Bureau of Economic Research - 2023
Despite competition concerns over the increasing dominance of global corporations, many argue that productivity spillovers from multinationals to domestic firms justify pro- FDI policies. For the first time, we use firm-to-firm transaction data in a developed country to examine the impact of...
Persistent link: https://www.econbiz.de/10014250146
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Internationalization and the evolution of corporate valuation
Levine, Ross - 2005
"By documenting the evolution of Tobin's "q" before, during, and after firms internationalize, this paper provides evidence on the bonding, segmentation, and market timing theories of internationalization. Using new data on 9,096 firms across 74 countries over the period 1989-2000, we find that...
Persistent link: https://www.econbiz.de/10010522397