Repatriation turnover revisited: A focus on South African multinational enterprises

Focus on 2010 South African Heart Congress

Incentive Regulation of Multinational Enterprises∗

Sectors with a long regulatory tradition have recently experienced intense activity by multinationals whose international operations and relocation threats represent a new cause for concern for regulators. The present paper analyses a multinational serving two countries and being regulated by two uninformed national authorities. The firm is shown to favor, or cross-subsidize, the country with a...

Income repatriation decision for multinational corporations: Tax issues ¬リニ

This paper analyzes the existing asymmetry in the US corporate tax law governing the determination of foreign tax credits earned by US firms with foreign subsidiaries. The existing asymmetry results in the US government de facto holding foreign currency put options against US firms with foreign subsidiaries. Combined with the exchange rate volatility, this tax law asymmetry reduces the effectiv...

The Strategy of Korean Multinational Enterprises – Multiple versus Single plant

Using firm-level panel data for Korean MNEs, we make a distinction between being the only affiliate of a parent firm and being the one of the multiple affiliates of a parent firm. Comparisons of correlations between purchases and sales of each group of the foreign affiliates show distinctive difference in the motivations of FDI and the multinational activities, due to the difference in the numb...

Multinational Spillovers through Worker Turnover∗

Labor turnover is a commonly-cited mechanism for the transmission of spillovers from multinational to domestic firms, but until now there has been little direct evidence for this mechanism. Using a novel matched establishment-worker database from Brazil, I present evidence consistent with the existence of positive multinational spillovers through worker mobility in Brazil. The paper explores wh...