The main objective of this paper is to investigate the relation between the foreign ownership and manufacturing firm performance. The study was conducted for the companies listed on Bucharest Stock Exchange, in both segments regulated and non-regulated. The final sample included 261 companies....

We study profitable firms with no tax expenses. We find that the proportion of profitable firms that owe zero taxes (zero-tax firms) has increased substantially over the past 70 years, accounting for almost 15% of listed U.S. firms in recent years. Zero-tax firms thus represent a major group of...

Research on FDI mostly take the perspective of the headquarters of the multinational companies (Frost, Birkinshaw & Ensign, 2002), while this research will study from the perspective of their subsidiaries. Specifically, the purpose of this research is to investigate the effect of strategic...