The aim of this paper is to compare the financial effects of domestic and foreign companies activities on the basis of two randomly chosen enterprises. It is argued that foreign companies are the carriers of modern technologies what have the influence on financial results obtained by them....

This paper studies whether government-dependent firms are more resilient to foreign competition. Using the United States’ granting of Permanent Normal Trade Relations to China as an exogenous shock, we show that government contractors have better operating performance when their industries are...

China's admission into the WTO in 2001 heralded a new era of globalization, increasing both import competition in domestic markets and foreign opportunities for US firms. In the aggregate, the average annual profitability of US public firms during the post globalization period (2003-2019)...

"The book first identifies our competitive rival in China, which is not the multitude of multi-billion-dollar enterprises but is the multi-trillion-dollar monolith we call 'Enterprise China.' This vast organization includes the State and its over 300 million employees, the 150,000 State-Owned...