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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
This paper uses micro-data from the World Bank Investment Climate Surveys 2002-2006 to investigate how foreign ownership and access to external finance affect the likelihood of manufacturers in emerging markets to export and/or import. Applying propensity score matching to control for...
Persistent link: https://www.econbiz.de/10009772816
The literature has documented a positive effect of foreign ownership on firm performance. But is this effect due to a one-time knowledge transfer or does it rely on continuous injections of knowledge? To shed light on this question we focus on divestments, that is, foreign affiliates that are...
Persistent link: https://www.econbiz.de/10010461272
motivations are relevant for both manufacturing and services. -- China ; foreign direct investment ; internationalization ; trade …
Persistent link: https://www.econbiz.de/10009489293
provides evidence that success for some firms in attracting foreign investors and in exporting appears to reduce the associated … fixed costs with exporting or foreign ownership in other firms. Using data on 8,959 firms located in Shanghai, we find that … contagion and spillovers in exporting and in foreign ownership decisions within an area of 10 miles in the city of Shanghai …
Persistent link: https://www.econbiz.de/10011822884
This paper examines the link between a firm’s ownership of productive assets and its choice of foreign-market entry strategy. We find that, controlling for industry- and country-specific characteristics, the most productive firms (i.e., those owning the most assets) will enter through...
Persistent link: https://www.econbiz.de/10003301155
Persistent link: https://www.econbiz.de/10003612568
We examine multinationals optimal entry modes into foreign markets as a function of market size, FDI fixed costs, tariffs and transport costs. Our results highlight why large countries are more likely to attract acquisition investment, while intermediate-sized countries may be served...
Persistent link: https://www.econbiz.de/10011402453
Casual observation suggests that cultural differences play an important role in business transactions, yet systematic evidence on this relationship is scarce. This paper provides a novel investigation of the effect of cultural distance on multinational firms' decisions to integrate their...
Persistent link: https://www.econbiz.de/10014313474