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This paper examines how employment protection legislation affects location decisions of multinationals. Based on a simple theoretical framework, we estimate an empirical model, using OECD-data on bilateral FDI-flows and employment protection indices. We find that, while an ?unfavourable?...
Persistent link: https://www.econbiz.de/10010265399
-stage game with uncertainty it is demonstrated that location is influenced by both flexibility and strategic concerns. We show … provided uncertainty and foreign direct investment costs are low. …
Persistent link: https://www.econbiz.de/10005022135
-stage game with uncertainty it is demonstrated that location is influenced by both flexibility and strategic concerns. We show … provided uncertainty and foreign direct investment costs are low. …
Persistent link: https://www.econbiz.de/10005656238
I analyse firms organisational choices when they face uncertainty about institutional conditions in foreign locations …
Persistent link: https://www.econbiz.de/10013332242
Persistent link: https://www.econbiz.de/10005826734
multi-period model of foreign direct investment with incomplete contracts and uncertainty to analyse the size of equity …
Persistent link: https://www.econbiz.de/10010797496
of data is an increasingly important source of uncertainty about the state of the economy and offer an alternative … channel of uncertainty - data uncertainty. This paper adds on the uncertainty literature and focuses on data uncertainty …, which originates in the revision structure of data. We find that apart from the general and economic policy uncertainty, the …
Persistent link: https://www.econbiz.de/10011298898
In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …
Persistent link: https://www.econbiz.de/10011349194
uncertainty on firms' decisions and market outcomes. We construct alternative measures of uncertainty based on survey of … index, and fuel prices. Our results indicate that greater uncertainty has a negative impact on growth of employment and the … generally non-existent or weaker. Our results suggest that to truly understand the effects of uncertainty on firms' decisions …
Persistent link: https://www.econbiz.de/10009764986
there is uncertainty about the marginal costs of the newly merged firms. The authors consider that the merging firms decide … always have incentives to merge, irrespective of cost uncertainty, while a merger without role redistribution is ex ante … profitable if and only if uncertainty is sufficiently great. As regards the social desirability of mergers, it is found that a …
Persistent link: https://www.econbiz.de/10010362519