We use a new firm level data set that establishes the location, ownership, and activity of 650,000 multinational subsidiaries—close to a comprehensive picture of global multinational activity. A number of patterns emerge from the data. Most foreign direct investment (FDI) occurs between rich...

We use a new firm level data set that establishes the location, ownership, and activity of 650,000 multinational subsidiaries—close to a comprehensive picture of global multinational activity. A number of patterns emerge from the data. Most foreign direct investment (FDI) occurs between rich...

Building on a framework introduced by Chaney and Ossa (2013), we construct a task-based model of the firm's choice of occupational inputs to examine how that choice varies with greater global engagement. We depart from Chaney and Ossa by assuming that more complex tasks are more costly to...

This paper studies the effect of trade facilitation on vertical firm structure using plant-level data from Switzerland. Based on the Business Census and the Input-Output table, we first calculate a binary measure of vertical integration for all plants registered in Switzerland. We then estimate...

Building on a framework introduced by Chaney and Ossa (2013), we construct a task-based model of the firm's choice of occupational inputs to examine how that choice varies with greater global engagement. We depart from Chaney and Ossa by assuming that more complex tasks are more costly to...

Technology transfer costs have a profound influence on the firm’s entry mode into a production sharing relationship. To explore this nexus, we associate technological complexity of the off-shored input with the organizational mode of international production sharing by extending the Antràs...

The decision to make or buy” an input is usually studied with reference to the home country. However, since the offshored input is produced in a host country, there is a strong reason to believe that the host country factors would also influence the organization decision of offshore...

Offshoring goes on growing, in spite of some ebbing away. It has been especially the case for the financial services industry over the last couple of years. As a result of this trend, it is the double stake of globalization and industries specialization that is being addressed. The comprehensive...

The research aims to investigate the process of globalizing innovation activity conducted by transnational corporations (TNCs), in a wider context of economic changes outside and inside companies. The process has been triggered by decentralization and internationalization of R&D, “creative...

Multinational banks are a distinctive feature of today’s globalized economy with some institutions now operating in more than 100 countries. Despite the thorough analyses of bank internationalization over the last decades, the literature has failed to provide clear evidence that...