In this paper we investigate tax/subsidy competition for FDI between countries of different size when a domestic firm … policy competition between the two governments seeking to attract FDI. We show that the country hosting the incumbent always … benefits from FDI if the domestic firm is a public welfare-maximizing firm, while its welfare may decrease when it is a private …

an ownership change. By contrast, there is some evidence that foreign acquisitions show higher employment growth in the …

This paper is the first to investigate an alternative approach of privatization: privatizing only a subsidiary of a … portion of the firm's stocks to private investors (entirety privatization), we consider only a subsidiary of the public firm … is privatized (subsidiary privatization). We find that subsidiary privatization not only improves social welfare …

the absorptive capacity of Italian firms arising from inward Foreign Direct Investment (FDI). Given the peculiar …

We study a multinational enterprise's (MNE) choice of foreign direct investment (FDI) mode in a vertically related … among FDI modes as well as among markets with more or less dependence on backward linkages. …

According to conventional wisdom, multinational firms undertake vertical FDI in order to take advantage of cross … intangible assets between a multinational's vertically related production plants, its parent firm can engage in vertical FDI in … consequences of vertical FDI. …

An increasingly large share of cross-border acquisitions are undertaken by private equity-firms (PE-firms) and not by … traditional multinational enterprises (MNEs). We propose a model of cross-border acquisitions in which MNEs and PE-firms compete …