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This paper studies the effect of FDI firms' financial advantages on firm productivity in host countries and examines the related policy implications. If FDI firms face lower financing costs but have higher fixed production costs than local firms, a simple Melitz-type model predicts that because...
Persistent link: https://www.econbiz.de/10013238912
, the distribution of FDI across value chains in light industries is the opposite of many extant explanations. Second, China …
Persistent link: https://www.econbiz.de/10013033305
quantification of the gains from optimal ownership within multinational firms, by exploiting a major liberalization of China's policy …
Persistent link: https://www.econbiz.de/10014312548
FDI ends up in China, putting the cohesion of the EU at stake and triggering a regional race within China …
Persistent link: https://www.econbiz.de/10012747370
Geographically dispersed production networks have allowed countries to specialise in different functions of the value chain. By making use of two methodologies for quantifying the magnitude of functional specialisation - one based on trade flows and one based on FDI flows - detailed profiles of...
Persistent link: https://www.econbiz.de/10013359012
Before and after its accession to the WTO in 2001, China has undergone a far-reaching investment liberalisation. As … positively to China's "science and technology take-off". …
Persistent link: https://www.econbiz.de/10010510581
Whether a firm is able to attract foreign capital and whether it may participate at the export market depends on whether the fixed costs associated with doing so are at least covered by the incremental operating profits. This paper provides evidence that success for some firms in attracting...
Persistent link: https://www.econbiz.de/10011822884
This Written Statement presents aspects in China's corporate governance framework, state corporate ownership and … control, and the Chinese Communist Party's roles in corporate governance. It was submitted as part of a testimony before the U.S.-China … Economic and Security Review Commission, Hearing on “U.S. Investment in China’s Capital Markets and Military-Industrial Complex …
Persistent link: https://www.econbiz.de/10013237647
Persistent link: https://www.econbiz.de/10014025990
Whereas international joint venture is a dominated strategy in the property rights theory of the firm, this article shows that it can be optimal in the presence of contractual and financial frictions. We use the data of Chinese foreign affiliates to test and support our key theoretical result...
Persistent link: https://www.econbiz.de/10013031079