This paper empirically examines the effects of financial crises on the organization of production of multinational enterprises. We construct a panel of European multinational networks from 2003 through 2015. We use as a financial shock the increase in risk premia between August 2007 and July...

Drawing attention to the recent empirical study on the 2007–2008 global financial crisis, and cross-border mergers and acquisitions in 26 countries (Reddy et al. in Glob J Emerg Mark Econ 6:257–281, 2014), this paper aims to further examine the impact of the financial crisis on the later...