Narrow search
Showing 1 - 10 of 1,544
Cover Image
Corruption, networking and foreign ownership : recent evidence from CEE countries
Pal, Sarmistha - 2013
The present paper argues that the effect of corruption on foreign ownership is not necessarily linear and depends on … the level of host corruption. So long as the expected returns from foreign investments exceed its expected costs, higher … host corruption will be associated with higher foreign ownership. However, costs may exceed or exactly compensate the …
Persistent link: https://www.econbiz.de/10010195528
Cover Image
Corruption, Networking and Foreign Ownership : Recent Evidence from CEE Countries
Pal, Sarmistha - 2013
The present paper argues that the effect of corruption on foreign ownership is not necessarily linear and depends on … the level of host corruption. So long as the expected returns from foreign investments exceed its expected costs, higher … host corruption will be associated with higher foreign ownership. However, costs may exceed or exactly compensate the …
Persistent link: https://www.econbiz.de/10013074899
Cover Image
Firm exports, foreign ownership, and the global financial crisis
Eppinger, Peter S.; Smolka, Marcel - 2020
The exceptional export performance of foreign-owned firms is a well-established stylized fact, but the underlying mechanism is not yet fully understood. In this paper, we provide theory and empirical evidence demonstrating that this fact can be explained by ownership differences in access to...
Persistent link: https://www.econbiz.de/10012404685
Cover Image
Who is afraid of political risk? : multinational firms and their choice of capital structure
Kesternich, Iris; Schnitzer, Monika - 2007
types of political risk, like expropriation, corruption and confiscatory taxation, and In our theoretical analysis we find …
Persistent link: https://www.econbiz.de/10010366517
Cover Image
Organization of Multinational Activities and Ownership Structure
Mugele, Christian; Schnitzer, Monika - 2006
We develop a model in which multinational investors decide about the modes of organization, the locations of production, and the markets to be served. Foreign investments are driven by market-seeking and cost-reducing motives. We further assume that investors face costs of control that vary...
Persistent link: https://www.econbiz.de/10010333931
Cover Image
Organization of Multinational Activities and Ownership Structure
Mugele, Christian; Schnitzer, Monika - 2006
We develop a model in which multinational investors decide about the modes of organization, the locations of production, and the markets to be served. Foreign investments are driven by market-seeking and cost-reducing motives. We further assume that investors face costs of control that vary...
Persistent link: https://www.econbiz.de/10010427459
Cover Image
Organization of multinational activities and ownership structure
Mugele, Christian; Schnitzer, Monika - 2006
We develop a model in which multinational investors decide about the modes of organization, the locations of production, and the markets to be served. Foreign investments are driven by market-seeking and cost-reducing motives. We further assume that investors face costs of control that vary...
Persistent link: https://www.econbiz.de/10003368141
Cover Image
Contracting Institutions and Ownership Structure in International Joint Ventures
Van Assche, Ari - 2013
This paper examines the role of contracting institutions on a multinational firm's optimal ownership strategy. We develop a model in which both a multinational firm and its local joint venture partner can ex post engage in costly rent-seeking actions to increase their ex ante agreed upon revenue...
Persistent link: https://www.econbiz.de/10013086822
Cover Image
Organization of Multinational Activities and Ownership Structure
Mugele, Christian; Schnitzer, Monika - Volkswirtschaftliche Fakultät, … - 2006
We develop a model in which multinational investors decide about the modes of organization, the locations of production, and the markets to be served. Foreign investments are driven by market-seeking and cost-reducing motives. We further assume that investors face costs of control that vary...
Persistent link: https://www.econbiz.de/10005187323
Cover Image
Organization of Multinational Activities and Ownership Structure
Mugele, Christian; Schnitzer, Monika - Volkswirtschaftliche Fakultät, … - 2006
We develop a model in which multinational investors decide about the modes of organization, the locations of production, and the markets to be served. Foreign investments are driven by market-seeking and cost-reducing motives. We further assume that investors face costs of control that vary...
Persistent link: https://www.econbiz.de/10005739686