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on whether global diversification is valuable is inconclusive. This paper uses detailed FDI data for 251 UK multinational … firms and 4,676 subsidiaries to show that multinational firms exhibit, on average, a global diversification premium compared … multinational firms' investment and global diversification have significantly increased over the past three decades …
Persistent link: https://www.econbiz.de/10013114610
, on average, an international diversification premium of 19%. Further, the value premium is increasing in the difference …
Persistent link: https://www.econbiz.de/10013116775
In this work we analyze the relationship between the patterns of firm diversification, if any, across product lines and … scope, their relationships, the size-scaling and coherence properties of diversification itself. Our analysis shows that … technologies increase log-linearly with firm size. And the directions of diversification themselves display coherence between …
Persistent link: https://www.econbiz.de/10013022886
During the last few decades, the internet and digital technology have fundamentally changed the global music industry. As a consequence, new companies and novel business models have emerged. Spotify, one of the new players in the music industry, has expanded its business activities and grown to...
Persistent link: https://www.econbiz.de/10014022598
This paper analyzes the initial impact and recovery of globally engaged firms from the COVID-19 crisis. It uses rich survey data of nearly 65,000 firm-year observations in 45 countries spanning three waves of data collection. The findings are organized in a series of stylized facts, which...
Persistent link: https://www.econbiz.de/10013183698
This paper analyzes the initial impact and recovery of globally engaged firms from the COVID-19 crisis. It uses rich survey data of nearly 65,000 firm-year observations in 45 countries spanning three waves of data collection. The findings are organized in a series of stylized facts, which...
Persistent link: https://www.econbiz.de/10013291442
The first target of today's global commercial and military espionage, trade secrets, are the only form of intellectual property protection to be based on the necessity of nondisclosure and secrecy rather than on the paradigm of publicity and exploitability, with the obvious consequence that...
Persistent link: https://www.econbiz.de/10012830836
As firms have more assets in place, more of management's limited attention is focused on managing assets in place rather than developing new growth options. Consequently, as firms grow older, they have fewer growth options and a lower ability to generate new growth options. This simple theory...
Persistent link: https://www.econbiz.de/10010227727
in großer Anteil der multinational tätigen Großunternehmen ist in technologieintensiven, dynamischen Branchen tätig und verfügt über ein breites Spektrum an technologischen Ressourcen. In den vergangenen Dekaden hat ein Großteil dieser Unternehmen zunehmend Wertschöpfungsleistungen an...
Persistent link: https://www.econbiz.de/10003634028
This paper aims to investigate the effect of knowledge characteristics on the total factor productivity of firms developing drugs in the pharmaceutical industry. We decompose knowledge into knowledge associated with the technological firm portfolio and knowledge related to R&D projects, which...
Persistent link: https://www.econbiz.de/10003989032