We study the resource allocation decisions of U.S. multinational corporations (MNCs). We examine how established MNCs grow across countries and how firm-specific resources and host country financial-market development influence MNC growth. We find evidence of intra-firm trade-offs to growth in...

We study the resource allocation decisions of U.S. multinational corporations (MNCs). We examine how established MNCs grow across countries and how firm-specific resources and host country financial-market development influence MNC growth. We find evidence of intra-firm trade-offs to growth in...

Front Matter -- Preface -- Contents -- Executive Summary -- 1 Introduction -- 2 The Contribution of R&D to U.S. Economic Development -- 3 Foreign Participation in Privately Funded U.S. R&D -- 4 Foreign Participation in Publicly Funded U.S. R&D -- 5 Findings and Recommendations -- References --...