Japanese multinational companies (MNCs) have often been portrayed as highly centralised firms that limit the roles of overseas subsidiaries to the assembly and sale of standardised products designed and developed in Japan (see, e.g. Bartlett and Ghoshal, 1989: 51-2, 158-161). Their foreign...

This paper investigates the role of corporate taxation with respect to a multinational'sinvestment decision, in which the multinational can pursue either a direct or an indirectinvestment strategy. The latter involves at least three corporate entities and opens upenhanced opportunities for...

The fact that China is an increasingly attractive market and a magnet for foreigndirect investment is not news. The unprecedented rise of foreign direct investmentinto China – now running at over $60 billion a year – has created the largest array ofinternational mergers and acquisitions,...

We examine financial constraints and forms of finance used for investment, byanalysing survey data on 157 large privatised companies in Hungary and Poland for theperiod 1998 – 2000. The Bayesian analysis using Gibbs sampling is carried out toobtain inferences about the sample companies’...

In the last decade, the prospect of accession of Central and East European countries (CEECs) tothe European Union has given momentum to the discussion of their economic integration into theEU. Thus, academic studies have generally focused on variables at the macro level and areconducted in the...

The paper summarises some of the key findings of research on the macro and microeconomic effects of FDI, the impact of the MNCs on development, industrial and trade restructuring, and presents a first attempt to draw a map of industrial networks in Hungary. It answers the question whether the...

The international transactions accounts provide information on trade in goods and services (including the balance of payments and the balance of trade), investment income, and government and private financial flows. In addition, the accounts measure the value of U.S. international assets and...