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Organization of multinational activities and ownership structure
Mugele, Christian; Schnitzer, Monika - 2006
assume that investors face costs of control that vary among sectors and increase in distance. The results show that (i … distance may have a non-monotonous effect on the likelihood of horizontal investments, and (iii) that globalization, if … understood as reducing distance, leads to more integration. …
Persistent link: https://www.econbiz.de/10010366525
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Organization of Multinational Activities and Ownership Structure
Mugele, Christian; Schnitzer, Monika - 2006
assume that investors face costs of control that vary among sectors and increase in distance. The results show that (i … distance may have a non-monotonous effect on the likelihood of horizontal investments, and (iii) that globalization, if … understood as reducing distance, leads to more integration. …
Persistent link: https://www.econbiz.de/10010427459
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Organization of multinational activities and ownership structure
Mugele, Christian; Schnitzer, Monika - 2006
assume that investors face costs of control that vary among sectors and increase in distance. The results show that (i … distance may have a non-monotonous effect on the likelihood of horizontal investments, and (iii) that globalization, if … understood as reducing distance, leads to more integration. …
Persistent link: https://www.econbiz.de/10003368141
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Optimal ownership and firm performance : an analysis of China's FDI liberalization
Eppinger, Peter S.; Ma, Hong - 2023
Seminal theories of the firm posit that firm ownership is allocated to minimize contractual inefficiencies. Yet, it remains unclear how much the optimal ownership choice affects firm performance in practice. This paper provides a first quantification of the gains from optimal ownership within...
Persistent link: https://www.econbiz.de/10014312548
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The international organization of production in the regulatory void
Herkenhoff, Philipp; Krautheim, Sebastian - 2018
Over the last decades, the internationalization of the value chain has allowed firms to exploit cross-country differences in environmental and labor regulation (and enforcement) in ways that have led to a large number of NGO campaigns and consumer boycotts criticizing "unethical" practices. How...
Persistent link: https://www.econbiz.de/10011804120
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Technology transfer and spillovers in international joint ventures
Müller, Thomas; Schnitzer, Monika - 2005
It is often argued that multinationals are reluctant to transfer technology due to the fear of spillovers. We show that this need not be the case if host country policies like taxation are taken into account. Furthermore, we examine the incentives the multinational and the host country have to...
Persistent link: https://www.econbiz.de/10010366560
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Contracting institutions and firm integration around the world
Eppinger, Peter S.; Kukharskyy, Bohdan - 2021
Firm integration is fundamentally shaped by contractual frictions. But do better contracting institutions, reducing these frictions, induce firms to be more or less deeply integrated? To address this question, this paper exploits unique micro data on ownership shares across more than 200,000...
Persistent link: https://www.econbiz.de/10012548172
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The International Firm: A Vehicle for Overcoming Barriers to Trade and a Global Intelligence Organization Diffusing the Notion of a Nation
Eliasson, Gunnar - 1988
The multinational firm (MNF) is introduced as the intersection between trade theory and the theory of the firm. I show that economies of scale associated with various knowledge inputs have made it possible for firms to grow large through internationalization and, once large, staying competitive...
Persistent link: https://www.econbiz.de/10010335166
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Multinational firms' organisational dynamics : competition intensity and the ownership decision under uncertainty
Navarro, Leandro Gastón - 2021
I analyse firms organisational choices when they face uncertainty about institutional conditions in foreign locations with heterogeneous final good producers and incomplete contracts. As firms learn about the conditions abroad, the increasing offshoring activity increases competition in the...
Persistent link: https://www.econbiz.de/10013332242
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Ownership Structure and Productivity of Multinationals
Bircan, Cagatay - 2019
Governments frequently offer multinational companies various incentives in the hope that they will generate benefits to the local economy. But evidence of these benefits remains inconclusive. Do foreign owners actually improve technical efficiency at acquired firms or are they driven more by...
Persistent link: https://www.econbiz.de/10012895850