Germany benefits more than any other country from open world markets and their internationalintegration. As a consequence, worldwide trade and cross-boarder investments arethe most important conditions for domestic growth, employment and wealth and Germanfirms are unabatedly going...

We present evidence about the role of rent sharing in fostering the interdependence of labourmarkets around the world. Our results draw on a firm-level panel of more than 2,000multinationals and more than 5,000 of their affiliates, covering 47 home and host countries.We find considerable...

Wenn von Globalisierung die Rede ist, dann wird noch immer oft von einem Turbokapitalismus gesprochen. Heimatlose Unternehmen vagabundierenüber den Globus auf der Suche nach den kostengünstigsten Standorten, zwingen die Nationalstaaten zu einer Abwärtsspirale bei sozialen Standards,...

This paper sheds light on the influence of exchange rate volatility on foreign direct investment (FDI), both at the theoretical and the empirical level. The novelty of the empirical analysis, which is based on a panel of 27 OECD countries over the period 1982-2002, is to provide evidence of a...

This paper investigates whether the size of multinationals’ real investments ina high-tax country is affected by profit shifting activities. A simple theoretical analysisshows that tax rates abroad impact the cost of capital in the presence of profit shiftingactivities of multinational...

Multinationale Unternehmen unterscheiden sich in vielen Aspekten grundlegendvon nationalen Unternehmen. Aus der simultanen Tätigkeit in verschiedenen Hoheitsgebieten mitunterschiedlichen Währungen, Wirtschafts- und Rechtordnungen resultieren charakteristische Kenn-zeichen multinationaler...

Im Gegensatz zu rein national tätigen Unternehmen unterliegen multinationaltätige Unternehmen zusätzlichen Risiken. Neben der Identifizierung derartiger Risiken erfolgt in die-sem Beitrag die Entwicklung von Maßnahmen, mit denen sich solche zielgerichtet beeinflussen lassen.Neben...

It is commonly alleged that foreign direct investment (FDI) in the service sector haspositive consequences for the domestic labor market. This paper shows that this widelyaccepted view does not generally hold...

Taxes play an important role in determining the capital structure of companies. Consequently,a multinational company would choose its capital structure according to differencesin international taxation. Unlike purely national firms, multinationals can also use intercompanyloans to shift profits...

We apply insights from Edith Penrose`s work to extant theory of the multinationalenterprise (MNE) as enveloped by John Dunning`s Ownership, Location,Internalization (OLI) Paradigm...