Wholesale and retail trade affiliates owned by parent firms in manufacturing account for a considerable fraction of overall affiliate sales. Although quantitatively important, this Export-Supporting FDI (ESFDI) activity has received little attention in the literature. This paper includes ESFDI...

Cross-border investments represent a substantial share of venture capital activities. We use a new and comprehensive dataset on worldwide investments to analyze the internationalization of venture capital financing. Our results from the perspectives of (i) venture capitalists, (ii) portfolio...

Im Zeitalter der Globalisierung werden die Trennlinien zwischen Recht und Nicht-Recht, zwischen legitim/ illegitim, öffentlich und privat zunehmend porös. Während sich auf der einen Seite die Regelungslücken im formalen staatlichen Recht mehren, emergieren gleichzeitig zahlreiche private...

This paper aims to shed light on firm specific drivers that lead firms to internationalise their innovation activities. The paper draws a comprehensive picture of driving forces by including firm capabilities, characteristics of the firm’s competitive environment and the influence of...

Der folgende Beitrag zeigt anhand der Besteuerungswirkungen, die in einem zweistufigen kapitalistischen Unternehmensaufbau unter Einbeziehung der Anteilseigner auftreten, gegenwärtige Steuerbelastungsunterschiede bei nationalen und grenzüberschreitenden Investitionen von im europäischen...

In oligopolistic industries that are unionised and may be affected by offshoring, falling offshoring costs have a moderating effect on trade unions. They will accept lower sector wages in order to discourage mobile forms from leaving the country. Since such wages are independent of the workers'...

The crisis on international financial markets that started in 2007 has shown the potential links between the financial sector and the real economy. Exports and foreign direct investment (FDI) have declined, presumably not only because of a lack of demand, but also because of restricted access of...

We provide firm-level evidence concerning four key facts of services trade in Germany. First, not only firms classified as service firms, but also firms from all industries export and import services. Second, service trade patterns are fairly similar to those in goods trade. Most notably,...