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The role of MNCs and their affiliates i.e. FCA units are assumed to bear significant advantages for the export … advantages MNCs lend to the host country’s industry (FCA units) we may say that the export performance of FCA units is greater … than that of the non-FCA units (local enterprises). This is because the export generating dimensions of the foreign …
Persistent link: https://www.econbiz.de/10014039958
This paper provides a novel portrait of firms engaging in the international use of inventors. I focus on drug discovery activity of pharmaceutical and biotechnological firms head-quartered in Europe, over the period 1996-2005. An important part of the most high-valued added R&D activities are...
Persistent link: https://www.econbiz.de/10011300269
The optimum behavior of a competitive risk-averse international trader who supplies or demands commodities invoiced in foreign currency is examined when his profits are subject to several forms of risk: production, domestic cost, the exchange rate and the commodity price. The focus of our study...
Persistent link: https://www.econbiz.de/10009708582
Using data from a survey conducted by the World Bank in China, this paper shows that foreign ownership enhances firm productivity. We also find that only equity ownership from foreign firms can have such a positive impact, but not ownership from foreign institutional investors, banks, or...
Persistent link: https://www.econbiz.de/10013155245
This paper analyzes the determinants of the intra-firm vs arms' length sourcing mode of imported inputs. We build a unique French dataset of 1,141,393 import transactions at the firm, country and product levels in the year 1999 that allow us to distinguish the different sourcing modes. We study...
Persistent link: https://www.econbiz.de/10013159585
How well does the theory of the firm explain the choice between intrafirm and arms' length trade? This paper uses firm-level import data from France to look into this question. We find support for three key predictions of property-rights theories of the multinational firm. Intrafirm imports are...
Persistent link: https://www.econbiz.de/10013110408
Over the last ten years, Chinese enterprises have become more multinational in nature. China's outward foreign direct investment (OFDI) has been growing at a phenomenal rate. In 2012, China became the third largest investor, after the US and Japan; and the largest investor among developing...
Persistent link: https://www.econbiz.de/10010343481
The model and related empirical examination in this paper explain why previous studies document both positive and negative correlations between exchange rate volatility and observed levels of foreign direct investment. Using a simple model of cross-border mergers and acquisitions, it argues that...
Persistent link: https://www.econbiz.de/10013139993
The United States has policed the multinational effects of multinational corporations more aggressively than any other coun-try, but recent decisions under the Alien Tort Statute indicate that it is now backtracking. Europe, paradoxically, is moving in the other direction. Why do some countries...
Persistent link: https://www.econbiz.de/10013113598
one hand and secondly, more import intensive firm were less export oriented on the other. Study, thus concluded that the …
Persistent link: https://www.econbiz.de/10013099350