Bilateral Investment Treaties (BITs) are vital for safeguarding and enhancing foreign investments, pivotal in Global Production Networks (GPNs). This study assesses the impact of BITs on GPNs driven by EU multinational enterprises, with a focus on regions hosting corporate headquarters due to...

Prior research on corporate headquarters (CHQ) characteristics identifies the impact of CHQ location and composition on the innovation outcomes of internal subsidiaries. However, given that external strategic alliances with high-tech entrepreneurial firms represent a key source of innovation for...

Do executives demand a premium for working in polluted environments? We develop a model of optimal CEO compensation and find empirical support for its prediction that pollution will induce a higher fixed wage, but lower incentive pay. This is the case even if we exclude polluting firms. We...

Using geographic variation in real estate market shocks following the financial crisis to proxy for local economic vulnerability, we find that firms whose headquarters are in states with vulnerable real estate markets are associated with more cash holdings. We document consistent results using a...

Usually transportation/communication (t/c) considerations appear as only two in a long list of factors which determine headquarters location patterns. The research reported here singles out t/c considerations as the logical basis for headquarters location decisions. We ask: to what degree do...

This study documents an unexplored corporate rent-seeking phenomenon in non-representative regimes—relocating headquarters (HQ) to the political center. Focusing on China, we find thatfirms that relocate their HQs to Beijing (the political center) enjoy increased political favors, butthose...

Using a large data set of European firms, this paper provides evidence that operations at multinational headquarters are significantly more profitable than operations at their foreign subsidiaries. The effect turns out to be robust and quantitatively large. Our findings suggest that the...

What roles should corporate headquarters (CHQs) of multinational enterprises (MNEs) play in foreign subsidiary initiatives? Rather than viewing the MNE's CHQ as a single, internally homogenous unit, we call for examining the diversity of individual decision-makers who can be driven by a variety...

The design of corporate headquarters (CHQ) is a specialist and important area of organization design. It is important because of the influence that a CHQ has over the portfolio of businesses it owns. A good CHQ can improve the performance of its businesses. A bad CHQ causes its businesses to...

The corporate headquarters (CHQ) of the multi-business enterprise, which emerged as the dominant organizational form for the conduct of business in the twentieth century, has attracted considerable scholarly attention. As the business environment undergoes a fundamental transition in the...

This study explores the cascading effect of board gender diversity within business groups. In particular, we empirically test whether board gender diversity in headquarters is positively associated with board gender diversity in lower layers of hierarchical business groups. We, moreover, analyze...

In the beginning, It was not easy to figure out the limits of free movement right in terms of the free movement of companies. However, since first judgment of the Court of Justice of the European Union, rules and principles have been clearer today. Even though for a long period it was considered...

In recent years, policy-makers have given paramount attention to “competitiveness”, working to ensure that domestic economies attract investment, jobs, and tax revenues. Toward this end, countries have steadily lowered corporate tax rates in an attempt to attract mobile international...

We study the effect of geographic portfolio diversification of real estate firms on their investment performance before and after the global financial crisis (GFC). In addition to previously used dispersion metrics, we also account for the distance of the properties to the corporate...

This study examines the effects of jurisdictions' corporate taxes and other policies on firms' headquarters (HQ) location decisions. Using changes in state corporate income tax rates across time and states as the setting, we find that a one-percentage-point increase in the HQ state corporate...

What roles should corporate headquarters (CHQs) of multinational enterprises (MNEs) play in foreign subsidiary initiatives? Rather than viewing the MNE's CHQ as a single, internally homogenous unit, we call for examining the diversity of individual decision-makers who can be driven by a variety...

Integrating insights from the literature on the multinational corporation into current perspectives on resource allocation, we argue that the ability of headquarters to create value through resource allocation to subsidiaries within the multinational corporation is contingent on the...

Transforming the organizational structure of a headquarters in order to decentralize authority and decrease its size remains a huge challenge for international corporations looking for agility. One of the main issues is how to overcome the inertia of corporate headquarters (CHQ). This paper...

The design of corporate headquarters (CHQ) is a specialist and important area of organization design. It is important because of the influence that a CHQ has over the portfolio of businesses it owns. A good CHQ can improve the performance of its businesses. A bad CHQ causes its businesses to...

This study explores the relations between the different parts of headquarters (HQ) to which subsidiaries report and the knowledge-sharing patterns of subsidiaries in multinational corporations (MNCs). Despite the growing interest in the disaggregation of HQ, little is known about how...