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Global sourcing of complex production processes

Schwarz, Christian; Südekum, Jens - 2013

We develop a theory of a firm in an incomplete contracts environment which decides on the complexity, the organization, and the global scale of its production process. Specifically, the firm decides i) how many intermediate inputs are simultaneously combined to a final product, ii) if the...

Persistent link: https://www.econbiz.de/10010213481

Offshoring and job polarisation between firms

Egger, Hartmut; Kreickemeier, Udo; Moser, Christoph; … - 2016

We set up a general equilibrium model, in which offshoring to a low-wage country can lead to job polarisation in the … pay wages that are positively linked to their profits by a rent-sharing mechanism. Offshoring involves fixed and task … variable offshoring costs. A reduction in those variable costs increases offshoring at the intensive and at the extensive …

Persistent link: https://www.econbiz.de/10011555746

Flexibility in wage setting under the threat of relocation

Goeddeke, Anna; Haucap, Justus; Herr, Annika; Wey, Christian - 2017

Relocation of production to countries with low labour cost have induced increased labour market flexibility, which has been praised as a silver bullet for economic growth and low unemployment. Within a unionised oligopoly framework, in which a multi-national firm has the option to relocate its...

Persistent link: https://www.econbiz.de/10011722148

Trade in tasks : revisiting the wage and employment effects of offshoring

Kohler, Wilhelm; Wrona, Jens - 2019

We revisit Grossman and Rossi-Hansberg's (2008) famous result, that under certain conditions offshoring of low … Rybczynski-type reallocation of factors to absorb offshoring-induced job displacement is ruled out. We allow for simultaneous … offshoring of both skilled and unskilled labor, and we derive new results on the role of factor-bias in offshoring, identifying …

Persistent link: https://www.econbiz.de/10012034615

Trade, tasks, and training : the effect of offshoring on individual skill upgrading

Hogrefe, Jan; Wrona, Jens - 2014

We offer a theoretical explanation and empirical evidence for a positive link between increased offshoring and … mainly focuses on the retraining of workers after a direct job displacement through offshoring. To establish a link between … offshoring and on-the-job training, we introduce an individual skill upgrading margin into a variant of the Grossman and Rossi …

Persistent link: https://www.econbiz.de/10010367483

Acquisitions, markups, efficiency, and product quality : evidence from India

Stiebale, Joel; Vencappa, Dev - 2016

This paper uses a rich panel data set of Indian manufacturing firms to analyze the effects of domestic and international acquisitions on various outcomes at target firm and product level. We apply recent methodological advances in the estimation of production functions together with information...

Persistent link: https://www.econbiz.de/10011548253

Strategic corporate social responsibility by a multinational firm

Manasakis, Constantine; Mitrokostas, Evangelos; … - 2017

This paper investigates the determinants of a responsible multinational firm's decision to enter in a foreign country either through exports or through foreign direct investment (FDI), as well as the relevant market and societal outcomes. We find that CSR investments are higher under FDI than...

Persistent link: https://www.econbiz.de/10011628543

Cross-border M&As and innovative activity of acquiring and target firms

Stiebale, Joel - 2014

This paper analyzes the effects of cross-border mergers and acquisitions (M&As) on the innovation of European firms. The results indicate a considerable increase in post-acquisition innovation in the merged entity. This is mainly driven by inventors based in the acquirer's country, while...

Persistent link: https://www.econbiz.de/10010401729

Microeconomic mechanisms behind export spillovers from FDI : evidence from Bulgaria

Ciani, Andrea; Imbruno, Michele - 2017

This paper studies how the presence of multinational enterprises affects the export performance of Bulgarian manufacturing firms - Export spillovers from FDI. Using export data at the firm/product/destination level for the period 2004-2006, we find positive forward spillover on export value and...

Persistent link: https://www.econbiz.de/10011668246

M&As, investment and financing constraints

Stiebale, Joel; Wößner, Nicole - 2017

We use a panel data set of European firms to analyse the effects of domestic and international M&As on target firms' investment, growth and financial constraints. Combining propensity score matching with a difference-in-differences estimator, our results indicate that upon acquisition, target...

Persistent link: https://www.econbiz.de/10011671647