We examine the impact of buyer-supplier relationships within business group on capital goods trade in the context of foreign direct investment by buyer firms and capital goods producers. A simple model in which cost-reducing relationship specific investments are underlying business group ties...

We take a flexibility perspective to analyze employment growth in a large sample of Japanese manufacturing affiliates in nine Asian countries during the years leading up and into the Asian financial crisis (1995-1999). We find that joint ventures are less flexible than wholly owned affiliates in...

We develop hypotheses concerning the impact of multinational firms' international plant networks and host country foreign investor agglomeration on the divestment of manufacturing affiliates, drawing on real option theory and location and agglomeration theory. We test our hypotheses on a...