Basco, Sergi; Felice, Giulia; Merlevede, Bruno; … - National Bureau of Economic Research - 2023
enterprises. We construct a panel of European multinational networks from 2003 through 2015. We use as a financial shock the … increase in risk premia between August 2007 and July 2012 and build a multinational-specific shock based on the network … structure before the shock. Multinationals facing a larger financial shock perform worse in terms of revenue, employment, and …