We explore the effect of foreign direct investment on economic growth in developing countries, distinguishing between mergers and acquisitions ("M&As") and "greenfield" investment. A simple model captures the key difference between the two types of FDI: unlike greenfield investment, M&As partly...

Recent contributions on offshoring often assume that firms can freely split their production process into separate steps which can be ranked according to the cost savings from producing abroad. We replace this assumption by the notion of a technologically determined sequence of production steps....

In this paper, we develop a two-sector general equilibrium trade model which includes offshoring, sequential production, and endogenous market structures. We analyze how relative factor endowments and various forms of globalization and technological change affect equilibrium offshoring patterns....

Does official aid pave the road for private foreign investment or does it suffocate private initiative by diverting resources towards unproductive activities? In this paper we explore this question using data for a large number of developing and emerging economies. Controlling for countries'...

International tätigen Unternehmungen stehen grundsätzlich zwei Optionen zurBesetzung vakanter Schlüsselpositionen in ausländischen Tochtergesellschaften zurVerfügung, und zwar die Rekrutierung von lokalen Fach- und Führungskräften oder dieEntsendung von Stammhausdelegierten. Die...

Seit den siebziger Jahren wurden zahlreiche theoretische Ansätze entwickelt, welche dieBetätigung von Unternehmungen auf ausländischen Märkten zu erklären versuchen (füreinen Überblick vgl. Welge/Holtbrügge 2003, 51 ff.). Einer der prominentesten und amhäufigsten zitierten Ansätze ist...

The internationalization of business within the last fifty years has led to a growing importanceof international human resource management (IHRM) (see, for example, Dowling et al. 1994,Desatnick and Bennet 1977, Evans et al. 2002 or Harzing/van Ruysseveldt 1995). Especiallythe role of...