This article is based on an institutionalist approach. More exactly, the article is an extension of the “Varieties of Capitalism” analysis. The “Varieties of Capitalism” researchers distinguish two distinct economic and social systems which diverge in their institutional organization:...

The theme of global rebalancing in economic power is now central to international economic analysis, and the issue of the presence and clout of multinational companies from emerging markets has gained importance, in part because of highly publicised cases of acquisitions of (or attempts at...

We develop a simple test to assess whether horizontal spillover effects from multinational to domestic firms are endogenous to the market structure generated by the incremental entry of the same multinationals. In particular, we analyze the performance of a panel of 10,650 firms operating in...

The Tax Cuts and Jobs Act (TCJA) of 2017 marked a significant change in U.S. domestic and international tax policy, altering incentives for U.S. firms to own foreign assets. We examine the initial response of U.S. firms’ foreign acquisition patterns to the TCJA’s key reform provisions. We...

This study makes an effort to determine how international financial reporting standards (IFRS) adoption levels affect net FDI inflows to sub-Saharan African (SSA) countries using a panel data spans from 2005 to 2020. The results of the two-step system's generalized methods of moments (GMM)...