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This paper investigates how knowledge transferred within multinational corporations affects capital structure decisions of foreign affiliates. Employing the unique dataset on Korean multinationals and their employment structure of foreign affiliates, we measure the knowledge transfer through...
Persistent link: https://www.econbiz.de/10013237826
states, allowing for an asymmetric solution where a firm may trade off the R&D investment against information absorption from …
Persistent link: https://www.econbiz.de/10010191378
This paper investigates firms' optimal location choices explicitly accounting for the role of inwards and outwards knowledge spillovers in a dynamic Cournot oligopoly with firms that are heterogeneous in their ability to carry out cost-reducing R&D. Firms can either locate in an industrial...
Persistent link: https://www.econbiz.de/10011774117
solution where a firm may trade off the R&D investment against information absorption from the rival. …
Persistent link: https://www.econbiz.de/10011737203
This paper has investigated the asymmetric policies of information sharing in duopoly. We built on the classic model of Gal-Or (1985), extended to allow different precisions of firms' private information, as Gal-Or (1985) suggested in her conclusion. We find that asymmetric equilibria will...
Persistent link: https://www.econbiz.de/10012964944
In this paper a game theoretic model is employed to analyze the relationship between strategic location decision of firms in the supply chain considering the role of horizontal and vertical knowledge spillovers, and numerical approach is applied to characterize the equilibria of the considered...
Persistent link: https://www.econbiz.de/10013107878
process innovation affect channel structure and effort investment incentives? 2) What are the interactions between …. Investment incentives are best provided when firms share their process knowledge and are buffered from subsequent price …
Persistent link: https://www.econbiz.de/10014026071
We examine the effect of foreign institutional investors on firm innovation. Using firm-level data across 26 non-U.S. economies between 2000 and 2010, we show that foreign institutional ownership has a positive, causal effect on firm innovation. We further explore three possible underlying...
Persistent link: https://www.econbiz.de/10012973411
important distinctive features: First, their cost pattern is characterized by high investment and negligible variable costs and … analyze the role of RES in electricity markets focusing on the interplay of investment and dispatch decisions under different … levels of market competitiveness and different support schemes; namely, feed-in tariff, feed-in premium, and investment …
Persistent link: https://www.econbiz.de/10012007426
investment. We test these predictions using a sample of U.S. firms and present new evidence that supports our theory …We build a model of investment and financing decisions to study the choice between bonds and bank loans in a firm …'s marginal financing decision and its effects on corporate investment. We show that firms with more growth options, higher …
Persistent link: https://www.econbiz.de/10010258730