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This paper analyzes the world web of mergers and acquisitions (M&As) using a complex network approach. We use data of M&As to build a temporal sequence of binary and weighted-directed networks, for the period 1995-2010 and 224 countries. We study different geographical and temporal aspects of...
Persistent link: https://www.econbiz.de/10011641931
This paper analyses the world web of mergers and acquisitions (M&As) using a complex network approach. We use data of M&As to build a temporal sequence of binary and weighted-directed networks for the period 1995-2010 and 224 countries (nodes) connected according to their M&As flows (links). We...
Persistent link: https://www.econbiz.de/10012961055
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 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
The UN Practical Manual on Transfer Pricing for Developing Countries endeavors to provide “clearer guidance on the policy and administrative aspects of applying transfer pricing analysis.” Chapter 10 is particularly noteworthy. It sets out specific country practices. The rules in Brazil,...
Persistent link: https://www.econbiz.de/10012905174
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
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
Persistent link: https://www.econbiz.de/10013388152