This paper examines the recent upsurge in foreign acquisitions of U.S. firms, specifically focusing on acquisitions … acquisition year. In the years following the acquisition, sales and employment decline while profitability rises, suggesting …

We estimate and attempt to explain the evolution of the taxes paid by U.S. multinationals on their foreign profits … after-tax returns. Foreign taxes fell abruptly after the first Gulf War. In sectors other than oil, the effective foreign … havens. The low foreign taxes paid by U.S. multinationals can explain half of the U.S. cross-border return differential …

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 … foreign and domestic locations. Used abroad, it generates profits for foreign subsidiaries with no foreign direct investment …

. Foreign takeover of a domestically-owned plant, on average, brings a large immediate expansion of employment. … accomplish this goal may be to encourage the entrance of foreign firms. They are typically relatively large, with high … productivity and good access to foreign markets, and might therefore be better at creating jobs than domestic firms are. However …

year or two after takeover but seem to have increased their profitability or efficiency relative to their industries. The … relatively low in value added per employee at the time of takeover and before, a characteristic we take to indicate relatively … low profitability, capital intensity, or efficiency,or some combination of these. However, they had been growing at least …

The examination of foreign takeovers is a way of distinguishing between the characteristics of f inns and industries … ion of firms for takeover is based on f inn characteristics, not industry characteristics. After takeover by foreigners …, by the crude measurements we have been able to apply so far, do not seem to be affected in any consistent way by takeover …

We develop an assignment theory to analyze the volume and composition of foreign direct investment (FDI). Firms conduct … foreign market. In equilibrium, greenfield FDI and cross-border acquisitions co-exist, but the composition of FDI between …

Do labor regulations influence the reaction of stock markets and firm profitability to cross-border acquisitions? We …