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show slightly more financing restrictions than domestically owned enterprises, but this very small difference diminishes …
Persistent link: https://www.econbiz.de/10010187848
movement. We develop a model in which the optimal choice of financing an international investment trades off the relative costs … and benefits associated with the allocation and effectiveness of control rights resulting from the financing decision. We … find that the financing choice is driven by managerial incentive problems and that FDI involves an international capital …
Persistent link: https://www.econbiz.de/10003368138
Trade in intermediate goods as one possible link between rising trade and foreign direct investment is examined. To explain growing intermediate goods trade, three hypotheses are brought forward: outsourcing, global sourcing and the increasing importance of MNE networks. These hypotheses are...
Persistent link: https://www.econbiz.de/10011473479
The attractiveness for the location of multinational firms is seen as a crucial issue for the development and prosperity of regions. This article focuses on a two-country relationship and deals with the regional distribution of German multinational firms and their affiliates in the Czech...
Persistent link: https://www.econbiz.de/10010350884
Do investments in the Czech Republic lead to employment growth or employment losses in the German firms involved? To address this question, a unique database about German firms with foreign direct investment (FDI) in the Czech Republic and firms without FDI in any country has been established...
Persistent link: https://www.econbiz.de/10011795276
Persistent link: https://www.econbiz.de/10009423518
We contribute to the nascent literature on the heterogeneity of multinational enterprises (MNEs) and the relevance of firm characteristics for analyzing the determinants of outward foreign direct investment (FDI). The focus is on the role of firm-level heterogeneity when MNEs decide on the share...
Persistent link: https://www.econbiz.de/10003772206
models. We use alternative specifications and report estimation results for several sub-samples of multinational firms. We …
Persistent link: https://www.econbiz.de/10003954210
This paper provides empirical evidence on the relationship between cross-border acquisitions and innovation activities at the firm level. In contrast to previous studies that analyze the effects on innovation in target firms, this paper investigates the effects on the investing firms. For the...
Persistent link: https://www.econbiz.de/10003924470
The scientific literature provides evidence for an impact of company taxes on investments. Practitioners, however, have a skeptical view on the meaning of this effect. This paper builds the bridge between research and the interested practice by providing detailed descriptives and clearly showing...
Persistent link: https://www.econbiz.de/10009553617