DANIEL KAUFMANN,1 World Bank Governance and corruption remain controversial and misunderstood topics. But they are now given higher priority in development circles and by the corporate sector, including multinationals. Indeed, some donors and international financial institutions (IFIs) increasingly work with emerging economies to help reduce corruption, and increase citizen voice, gender equali...

Affiliates of multinationals borrow a considerable amount from their parent company, even when the is located in high-tax country. This at odds with standard theories tax-efficient capital structure. We set up model that analyzes functioning internal market and investigates trade-off between tax savings frictions within group. test on data universe German multinationals. The empirical analysis ...

This paper draws together three strands of literature, that on clustering, entrepreneurship and international business, examining the relationship between these three in promoting firm formation and growth within clusters. The evidence drawn on includes econometric models based on the unique International Trade in Services Film and Television dataset, an in-depth interview survey and questionna...