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Financial Globalization and Foreign Direct Investment

Poelhekke, Steven - 2016

This chapter provides a broad overview of the upward trends in financial globalization and foreign direct investment … and asks whether and how financial globalization is linked with the foreign direct investment decisions of non … financial globalization provides a reduction in broadly defined transaction costs which can boost both trade and foreign direct …

Persistent link: https://www.econbiz.de/10012979903

Taxing Multinationals - The GloBE Proposal for a Global Minimum Tax

Eden, Lorraine - 2019

The 135 member countries in the OECD/G20 Inclusive Framework on BEPS are considering the adoption of a global minimum corporate income tax for taxing multinationals as part of the Pillar Two (GloBE) proposals for taxing the digital economy. This article provides a detailed analysis of the global...

Persistent link: https://www.econbiz.de/10012858050

An Assessment of Global Formula Apportionment

De Mooij, Ruud A. - 2019

Formula apportionment as a way to attribute taxable profits of multinationals across jurisdictions is receiving increased attention. This paper reviews existing literature and discusses experiences in selective federal states to evaluate the economic properties of formula apportionment relative...

Persistent link: https://www.econbiz.de/10012859856

Firm-Level Competition and Exchange Rate Exposure : Evidence from a Global Survey of Firms

Bergbrant, Mikael C. - 2014

We examine the effect of competition on exchange rate exposure using survey data from 55 countries. We find that exposure increases with the intensity of competition. Exposure is higher when firms face price competition in international and domestic product markets and when rivals compete using...

Persistent link: https://www.econbiz.de/10013052786

Rethinking Multinational Enterprises’ Capital Budgeting in the Globalized New Millennium

Pizzutilo, Fabio - 2014

As the international financial and economic context evolves and becomes increasingly globalized, the capital budgeting for multinational companies faces new challenges and needs more refined models and tools of analysis. Indeed, capital budgeting for foreign direct investments carries...

Persistent link: https://www.econbiz.de/10013056424

Does Patriotic Vigilance Make Any Sense in the Transnational Arena? A Cosmopolitan Alternative to the Globalization Paradox

Pilkington, Marc - 2015

French Minister Arnaud Montebourg in 2014. Firstly, we examine the globalization paradox with its underpinnings in the … literature and its illustration through the recent Alstom saga. Secondly, we review the idea of a paradigm shift in world … to the globalization paradox …

Persistent link: https://www.econbiz.de/10013023868

Global Cities and Liability of Foreignness

Mehlsen, Kristian - 2018

In this paper, we combine the concepts of location, liability of foreignness (LoF), and their relation to factors that drive multinational enterprises (MNEs) towards, or away from, global cities. We argue that three interrelated characteristics of global cities – cosmopolitanism, availability...

Persistent link: https://www.econbiz.de/10012924557

R&D internationalization strategies of the world's top corporate R&D investors

Belitz, Heike; Lejpras, Anna - 2021

EPO Worldwide Patent Statistical Database PATSTAT. Based on the final dataset, covering about 1,700 world’s top corporate …

Persistent link: https://www.econbiz.de/10012510315

Foreign Direct Investment in the Context of Global Value Chains and Superstar Firms

Vrolijk, Kasper - 2021

The emergence of GVCs and recently superstar firms has been well documented, but less attention has been paid to what these joint developments mean for how we think about and need to examine FDI. Against this setting, I explore four dimensions of FDI: its conceptual aspects, measurement,...

Persistent link: https://www.econbiz.de/10013225910

Measuring firm activity from outer space

Bilicka, Katarzyna; Seidel, André - 2022 - This draft: April 2022

To understand how global firm networks operate, we need consistent information on their activities, unbiased by their reporting choices. In this paper, we collect a novel dataset on the light that factories emit at night for a large sample of car manufacturing plants. We show that nightlight...

Persistent link: https://www.econbiz.de/10013177119