Multinational sales have grown at high rates over the last two decades, outpacing the
remarkable expansion of trade in manufactures. Consequently, the trade literature has …

This paper empirically investigates the various effects that source and destination countries'
financial development (SFD and DFD respectively) have on foreign direct investment (FDI) …

Depending on one's point of view, multinational enterprises are either the heroes or the
villains of the globalized economy. Governments compete fiercely for foreign direct …

This paper uses firm-level data across 77 developing countries to show that constraints
related to investment climate hamper Foreign Direct Investment (FDI). The main results show …

This paper investigates the incidence of national and cross-border mergers and acquisitions
(M&A) on private research and development (R&D) investments in OECD countries over the …

This paper investigates the causal effect of foreign acquisitions on the research and
development (R&D) activities of domestic target firms over the period 1994–2004. Using …

This paper develops a model of North–South trade with multinational firms and economic
growth in order to analyze formally the effects of stronger intellectual property rights (IPR) …

We examine the effect of corruption on foreign direct investment (FDI). Starting out from the
theory of FDI, we show that corruption can have different effects on horizontal investments …

This paper uses affiliate‐level data from Swedish multinationals to examine the impact of tax
treaties on both overall affiliate sales and the composition of those sales. In line with …

This paper develops a model of strategic interaction in R&D internationalization decisions
between two multinational firms, competing both abroad and in their home markets. It …