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The Flattening Firm and Product Market Competition

Guadalupe, Maria; Wulf, Julie - C.E.P.R. Discussion Papers - 2009

This paper establishes a causal effect of product market competition on various characteristics of organizational design. Using a unique panel dataset on firm hierarchies of large U.S. firms (1986-1999) and a quasi-natural experiment (trade liberalization), we find that increasing competition...

Persistent link: https://www.econbiz.de/10005792092

The Integration of Financial Services and Economic Welfare after `1992'

Ryan, Cillian - C.E.P.R. Discussion Papers - 1992

This paper uses a computable general-equilibrium model of intertemporal demand to investigate the impact of market integration after 1992 on financial services and economic welfare in the European Community (EC). In contrast to previous work, it assesses the impact of `1992' on the demand for...

Persistent link: https://www.econbiz.de/10005136549

Monetary and Exchange Rate Policy in Korea: Assessments and Policy Issues

Eichengreen, Barry - C.E.P.R. Discussion Papers - 2004

This Paper considers monetary and exchange rate policy in Korea since the financial crisis of 1997-98. The Bank of … Report to the National Assembly. This regime has served the country well. But neither the Bank’s publications nor the …. My findings suggest that the Bank of Korea does care about the exchange rate – and not only because it movements provide …

Persistent link: https://www.econbiz.de/10005136674

Multinational Corporations and Spillovers

Blomström, Magnus; Kokko, Ari - C.E.P.R. Discussion Papers - 1996

This paper examines spillover effects of the activities of multinational firms (MNCs). Such effects are most likely to be found in host countries, where the operations of foreign multinationals may influence local firms in the MNC’s own industry as well as firms in other industries. There is...

Persistent link: https://www.econbiz.de/10005497921

Like Father like Sons? The Cost of Sovereign Defaults In Reduced Credit to the Private Sector

Esteves, Rui; Jalles, João Tovar - C.E.P.R. Discussion Papers - 2013

This paper investigates the impact of sovereign defaults on the ability of the corporate sector in emerging nations to finance itself abroad. The hypothesis here is that defaults have a negative spillover effect on the private sector through credit rationing. We explore a novel dataset covering...

Persistent link: https://www.econbiz.de/10011083857

Institutions, Volatility and Investment

Besley, Timothy J.; Mueller, Hannes Felix - C.E.P.R. Discussion Papers - 2015

Countries with strong executive constraints have lower growth volatility but similar average growth to those with weak constraints. This paper argues that this may explain a strong reduced-form correlation between executive constraints and inflows of foreign investment. It uses a novel dataset...

Persistent link: https://www.econbiz.de/10011145416

Home Country Effects of Foreign Direct Investment: Evidence from Sweden

Blomström, Magnus; Kokko, Ari - C.E.P.R. Discussion Papers - 1994

This paper examines two broad issues related to foreign investment by Swedish multinational corporations (MNCs): first, the effects of outward foreign direct investment on domestic investment, exports and employment, and second, the effects on the domestic economy from the increasing division of...

Persistent link: https://www.econbiz.de/10005666957

Enterprise Finance and Investment in Listed Hungarian Firms

Perotti, Enrico C; Vesnaver, Luka - C.E.P.R. Discussion Papers - 2004

This Paper studies the financing of enterprise investment in listed Hungarian firms during the first years of transition. These firms were selected for listing on the exchange and presumably had better access to external capital. In particular, we look for evidence of financial constraints that...

Persistent link: https://www.econbiz.de/10005791387

The External Sector, the State and Development in Eastern Europe

Eichengreen, Barry; Kohl, Richard - C.E.P.R. Discussion Papers - 1998

The countries of Central and Eastern Europe have displayed widely disparate trade performance since the beginning of the transition. The Czech Republic and Hungary have had some success moving into the production and export of more technologically-sophisticated, higher value-added goods, while...

Persistent link: https://www.econbiz.de/10005123672

The Effects of Direct Foreign Investment on Domestic Firms: Evidence from Firm Level Panel Data in Emerging Economies

Konings, Jozef - C.E.P.R. Discussion Papers - 2000

This paper uses firm level panel data to investigate empirically the effects of direct foreign investment (DFI) on the productivity performance of domestic firms in three emerging economies of Central and Eastern Europe, Bulgaria, Romania and Poland. To this end a unique firm level panel data...

Persistent link: https://www.econbiz.de/10005124164