In this paper we study interdependencies between corporate foreign investment and the capital structure of banks. By committing to invest predominantly at home, firms can reduce the credit default risk of their lending banks. Therefore, banks can refinance loans to a larger extent through...

This paper reviews the recent literature on the relocation of headquarters (HQs). Overall results show that full and direct international relocations of corporate HQs are rare events. However, there is a trend that MNEs increasingly unbundle their HQs so as to spread their different HQs...

Policymakers in developing countries have increasingly pinned their hopes on bilateral investment treaties (BITs) in order to improve their chances in the worldwide competition for foreign direct investment (FDI). However, the effectiveness of BITs in inducing higher FDI inflows is still open to...

Paper examines how a major multinational corporation manages its knowledge assets and utilises a knowledge audit tooldeveloped by the authors, together with manager interviews, to gain further insight into the knowledge capabilities of asuccessful international business, and particularly the...

In dieser Arbeit werden in vier Kapiteln vier Themen der Weltwirtschaft behandelt: (1) Weshalb konzentrieren sich intra-industrieller Handel und intra-industrielle Investitionen auf Industrieländer? (2) Wieso ist es für ein multinationales Unternehmen wichtig, dauerhaft Technologieführer zu...

The institutional structure of global commodity chains and cross-border production networks has a profound impact on how the benefits of globalized production are distributed. This paper engages with this issue by developing a model that combines the insights of earlier unequal exchange...

American multinational corporations have done business in the Persian Gulf since the oil and construction boom of the 1970s. In recent years, however, the types of companies and their choices of where to locate have evolved. With the explosion in oil prices since 1998, U.S. firms areincreasingly...

Globalization of science and technology has long been a topic of interest to academics and policy makers. Despite extensive research, we know little about how and what firms globalize. Some recent studies suggest that the geographic distribution of inventive activities remain highly concentrated...

Recent research has paid much attention to MNCs from developed countries, which are the largest international R&D investors. However, the germination of international R&D investment from emerging countries, such as China, has been neglected in academia. According to data from UNCTAD (2005) and...

There is a growing literature exploring the increasing fragmentation of production processes and the evolution of internationally-dispersed but functionally-integrated economic activities. However, most of this literature appears to neglect an important part of the story, that is the form and...