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offshoring on R&D and innovation activities of the firm in the home country. The analysis is based on a dataset of more than 3000 … firms which have offshored production activities in a previous period to a control group of non-offshoring firms. The … analysis finds no negative effect of production offshoring on innovation and technological capabilities of firms in the home …
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"This paper analyzes the impact on firm behavior of the Homeland Investment Act of 2004, which provided a one-time tax holiday for the repatriation of foreign earnings by U.S. multinationals. The analysis controls for endogeneity and omitted variable bias by using instruments that identify the...
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The Homeland Investment Act provided a tax holiday for the repatriation of foreign earnings. Advocates argued the Act would alleviate financial constraints by reducing the cost to U.S. multinationals of accessing internal capital. This paper shows that repatriations did not increase domestic...
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