This paper provides an empirical analysis that examines the effect of both, transaction characteristics and the institutional environment on the choice of governance. Using a dataset of 237 corporate-specific value chains in the global LNG industry, we introduce inter-organizational trust as a...

This primer aims to provide IMF macroeconomists with the essential information they need to address issues concerning health sector policy, particularly when they have significant macroeconomic implications. Such issues can also affect equity and growth and are fundamental to any strategy of...

Die vorliegende Arbeit analysiert die Stellungen von Flughäfen im Luftverkehrssystem anhand komplementärer industrieökonomischer Theorien. Motivation waren neue Herausforderungen bei der Gestaltung des staatlichen Ordnungsrahmens, die mit der Liberalisierung und Privatisierung der...

Der Luftverkehrssektor stellt eine grundlegende Infrastruktur moderner Volkswirtschaften bereit. Mit der Liberalisierung der internationalen Luftverkehrsmärkte und der Privatisierung von Verkehrsflughäfen besteht die Notwendigkeit, den staatlichen Ordnungsrahmen an diese veränderten...

Our contribution to the expanding literature on the globalization of research and innovation is to investigate the extent to which sector-specific developments in an emerging technology (such as increasing interdisciplinarity and complexity) affect inventive activities developed abroad. We look...

In recent years, demutualized stock exchanges have been increasingly engaging in M&A and alliance activities. To examine the effect of these growth strategies on exchange shareholders' value creation, we focus on 14 public stock exchanges and investigate their short-run share price responses to...

Available statistics tell us little about the economic consequences of increasing global dispersion of production processes. In order to shed light on the issue, we perform grass roots detective work to uncover the geography of value added in the case of a Nokia N95 smartphone circa 2007. The...