-2000, we find that internationalization reduces the liquidity of domestic firms through two channels. First, the trading of …

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 Tobin's "q" does not rise after internationalization, even relative … to firms that do not internationalize. Instead, "q" rises significantly one year before internationalization and during …

This paper studies the expansion patterns of the multinational enterprise (MNE) in time and space. Using a long panel … and space and for predicting the effects of globalization shocks …

multinational firms (multinational production). The unifying theme of our survey is methodological. We focus on quantitative general …). We present models in the literature that extend the EK model of trade to innovation, diffusion, and multinational firms …

We construct a model of international trade and multinational production (MP) to examine the impact of globalization on …

The explosion of multinational activities in recent decades is rapidly transforming the global landscape of industrial … production. But are the emerging clusters of multinational production the rule or the exception? What drives the offshore … agglomeration of multinational firms in comparison to the agglomeration of domestic firms? Using a unique worldwide plant …

This paper presents and tests a new model of multinational firms to explain a rich array of multinational behavior. In … contrast to most approaches, here the multinational faces costs to transferring its know-how that are increasing in … explains why multinational firms are often much more successful in their home market compared to foreign markets. The model has …