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Recent literature on multinational firms has stressed the importance of low productivity as a barrier to the cross-border expansion of firms. But firms may also need external finance to shoulder the costs of entering foreign markets. We develop a model of multinational firms facing real and...
Persistent link: https://www.econbiz.de/10010333960
This paper analyzes the tax haven investment behavior of multinational firms from a country that exempts foreign income from taxation. High foreign tax rates generally encourage firms to invest in tax havens, though significant costs of reallocating taxable income dampen these incentives. The...
Persistent link: https://www.econbiz.de/10010334139
Persistent link: https://www.econbiz.de/10010335792
Steigerung von Handel, zu einer Erhöhung der Beschäftigung und zu höheren Löhnen in Deutschland beigetragen haben. Dabei wird … an increase in trade, an increase in employment and higher wages in Germany. A special focus is set on the importance of … anticipation effect. Germany's experience with bilateral free trade agreements is generally good. The customs union with Turkey …
Persistent link: https://www.econbiz.de/10011956724
Die Öffnung der mittel- und osteuropäischen Staaten hat deutschen Investoren neue Investitionsmöglichkeiten eröffnet. Gleichzeitig bietet der Import ausländischen Kapitals für die Reformländer einen Weg zu einer effizienten Faktorakkumulation. In diesem Papier untersuchen wir die...
Persistent link: https://www.econbiz.de/10010377638
In this paper we analyze the conditions under which a foreign direct investment (FDI) involves a net capital flow across countries. Frequently, foreign direct investment is financed in the host country without an international capital movement. We develop a model in which the optimal choice of...
Persistent link: https://www.econbiz.de/10010427477
Recent literature on multinational firms has stressed the importance of low productivity as a barrier to the cross-border expansion of firms. But firms may also need external finance to shoulder the costs of entering foreign markets. We develop a model of multinational firms facing real and...
Persistent link: https://www.econbiz.de/10010427554
This study provides the first comparative evidence of foreign and domestic acquisitions in Germany. A propensity score … Germany which find significant productivity improvements and no changes in terms of employment. These findings are of … particular interest to Germany as one of the most important FDI in ow destinations worldwide. They contribute to the foreign …
Persistent link: https://www.econbiz.de/10010294459
This study focuses on ex ante performance of domestic and foreign takeover targets in Germany, one of the most …
Persistent link: https://www.econbiz.de/10010294465
Using a knowledge production framework and a rich set of plant level data this study demonstrates that in Germany firms …
Persistent link: https://www.econbiz.de/10010295533