Recent literature (Nell and Andersson (2012); Szalucka (2015)) offer conflicting views on the impact of locational environment on the competitive advantage of an investing Multi-National Corporation (MNC), and this raises an interesting challenge to the seminal theories of MNC activities such as...

This study exploits the installation-level inclusion criteria of the European Union Emissions Trading System (EU ETS) to investigate the policy's causal effect on outbound foreign direct investment (FDI) decisions of German multinational firms. Difference-in-differences with bias-corrected...

We provide three new stylized facts that characterize the role of multinationals in the U.S. manufacturing employment decline, using a novel microdata panel from 1993-2011 that augments U.S. Census data with firm ownership information and transaction-level trade. First, over this period, U.S....