We document a robust relation between corporate tax differentials and US international financial integration (IFI). While this is the case for traditional IFI based on cross-border positions, the positive link also emerges for its larger consolidated-by-nationality version. The gap between these...

This study analyzes the relationship between multinationality and performance of 1,247 US multinational enterprises (MNEs) over the period of 1995-2004 by utilizing Tobin’s q theory. Internationalization is a double-edged sword: foreign intangible assets create a firm’s value, while, at the...