Contrary to contentions in prior literature that emerging multinationals are only regional players, the evidence on the globalness of Indian firms presented in this study suggests that a number of emerging multinationals are global firms. Their strategies are targeted at both the developed and...

In recent years, German and foreign companies have consistently increased their investment in Research and Development in Germany. In 2009, investment was over 45 billion euros which was a third higher than in 2001. While foreign companies have significantly expanded their Research and...

Les études sur les carrières de dirigeants ou top managers visent traditionnellement à souligner les influences des cadres institutionnels nationaux sur les parcours de carrières. Plus rares sont les études portant sur les carrières de top managers internationaux. Bien que la figure du...

This paper assesses and tests the response of banks operating in the financial centres to the financial crisis in terms of the actual productivity change and its main components: the pure efficiency change, scale efficiency change and technological change (innovation). The heterogeneity in the...

Gravity model of international trade states that trade interaction between two countries is in direct proportion to their size measured by Gross Domestic Product and in inverse proportion to the geographic distance. Conley and Ligon (2001) argued that the relevant economic distance between...

Chronically poor competitiveness of Serbian market during the global economic crisis has become a basic weakness of Serbian economy. Therefore, the negative effects of the crisis in Serbia felt widely, exposing the deep structural problems of Serbian economy, but also imposed new challenges to...

This paper investigates the relationship between US MNCs' valuations and anti-Americanism in countries where MNCs' foreign subsidiaries are located. We find that MNCs suffer value-destruction when they enter markets where people express severe anti-Americanism. However, we uncover that...

This paper provides new contract-level evidence on control rights allocation in order to define what makes a joint venture. Property rights theory of the firm identifies circumstances under which joint control alleviates investment distortions due to contract incompleteness. We compare...

This paper provides original evidence about Chinese and Indian Outward Direct Investment in Italy. Firm-level data have been collected through survey interviews involving the whole population of Dragon and Elephant multinationals. With a response rate of 80%, we draw a detailed profile of the...

This paper explores the link between sourcing and performance for a representative sample of manufacturing firms located in Lombardy, the leading economic region in Italy. Survey estimation methods, applied to the authors’ original database, reveal that there exist some performance premia for...