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"As production comes to depend more on intangible productive assets, the location of production by multinational firms becomes increasingly ambiguous. The reason is that, within the firm, these assets have no clear geographical location, but only a nominal location determined by the firm's tax...
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profitability of foreign direct investments made by overseas Chinese in China. Our paper takes advantage of a large dataset-over 50 …,000 firms over a period of eight years-that is comprised of two types of foreign firms with investments in China-those owned by … China do not outperform non-ethnically Chinese firms by a set of conventional profitability measures. We also find that the …
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