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Organization of Multinational Activities and Ownership Structure

Mugele, Christian; Schnitzer, Monika - 2006

assume that investors face costs of control that vary among sectors and increase in distance. The results show that (i … distance may have a non-monotonous effect on the likelihood of horizontal investments, and (iii) that globalization, if … understood as reducing distance, leads to more integration. …

Persistent link: https://www.econbiz.de/10010427459

Optimal Ownership and Firm Performance: An Analysis of China's FDI Liberalization

Eppinger, Peter; Ma, Hong - 2023

Seminal theories of the firm posit that firm ownership is allocated to minimize contractual inefficiencies. Yet, it remains unclear how much the optimal ownership choice affects firm performance in practice. This paper provides a first quantification of the gains from optimal ownership within...

Persistent link: https://www.econbiz.de/10014377525

The International Organization of Production in the Regulatory Void

Herkenhoff, Philipp; Krautheim, Sebastian - 2018

Over the last decades, the internationalization of the value chain has allowed firms to exploit cross-country differences in environmental and labor regulation (and enforcement) in ways that have led to a large number of NGO campaigns and consumer boycotts criticizing ‘unethical’ practices....

Persistent link: https://www.econbiz.de/10011815815

Intangible assets and the organization of global supply chains

Bolatto, Stefano; Naghavi, Alireza; Ottaviano, … - 2017

This paper introduces the concept of intangible assets in sequential supply chains and the importance of their appropriability in the organizational decision of firms. We focus on the quality of intellectual property rights (IPR) institutions, which on top of the hold-up problem between a...

Persistent link: https://www.econbiz.de/10011819704

Multinational Firms and Global Innovation

Gumpert, Anna; Manova, Kalina; Rujan, Cristina; … - 2025

This paper provides an integrated analysis of multinational companies' global production and innovation. We establish novel stylized facts using rich data on the network of production affiliates and patent activity of German multinationals. We rationalize these facts with a heterogeneous-firm...

Persistent link: https://www.econbiz.de/10015339392

'New Forms' of Investment in LDCs by Swedish Multinationals

Blomström, Magnus; Swedenborg, Birgitta - 1985

Persistent link: https://www.econbiz.de/10010334824

The International Firm: A Vehicle for Overcoming Barriers to Trade and a Global Intelligence Organization Diffusing the Notion of a Nation

Eliasson, Gunnar - 1988

The multinational firm (MNF) is introduced as the intersection between trade theory and the theory of the firm. I show that economies of scale associated with various knowledge inputs have made it possible for firms to grow large through internationalization and, once large, staying competitive...

Persistent link: https://www.econbiz.de/10010335166

Contracting institutions and firm boundaries

Eppinger, Peter S.; Kukharskyy, Bohdan - 2017

Contractual frictions are widely known to shape firm boundaries. But do better contracting institutions, which reduce these frictions, induce firms to be more or less deeply integrated? This paper provides a large-scale investigation of this question using a unique micro dataset of ownership...

Persistent link: https://www.econbiz.de/10011730763

Contracting institutions and firm integration around the world

Eppinger, Peter S.; Kukharskyy, Bohdan - 2021

Firm integration is fundamentally shaped by contractual frictions. But do better contracting institutions, reducing these frictions, induce firms to be more or less deeply integrated? To address this question, this paper exploits unique micro data on ownership shares across more than 200,000...

Persistent link: https://www.econbiz.de/10012585207

Multinational firms' organisational dynamics: Competition intensity and the ownership decision under uncertainty

Navarro, Leandro - 2021

I analyse firms organisational choices when they face uncertainty about institutional conditions in foreign locations with heterogeneous final good producers and incomplete contracts. As firms learn about the conditions abroad, the increasing offshoring activity increases competition in the...

Persistent link: https://www.econbiz.de/10012623135