This study presents the empirical results for the relationship between the use of hedging techniques and the characteristics of UK multinational enterprises (MNEs). All the firms in the sample hedge foreign exchange (FX) exposure. The results indicate that UK firms focus on a very narrow set of hedging techniques. They make much greater use of derivatives than internal hedging techniques. The d...

Post-transitional labour markets of the Central and East European countries have been characterised by marked regional differences. This paper will concentrate on the spatial pattern of job creation, determined by the allocation decisions of foreign and domestic investors. Regions with the highest employment rates may boast high doses of FDI inflows, while low employment regions have been suffe...

This paper investigates the two way relationship between R&D and export activity. In particular, we concern ourselves with the question whether R&D stimulates exports and, perhaps more importantly, whether export activity leads to increasing innovative activity in terms of R&D (learning by exporting). We use two unique firm level databases for Great Britain and the Republic of Ireland and compa...

Recently, Beierle and Leander found two new sporadic quadratic APN permutations in dimension 9. Up to EA-equivalence, we present a single trivariate representation of those as Cu:(F2m)3→(F2m)3,(x,y,z)↦(x3+uy2z,y3+uxz2,z3+ux2y), where m=3 u∈F23∖{0,1} such that the correspond different choices u. We then analyze differential uniformity nonlinearity Cu more general case. For m≥3 being multiple 3 u...

This paper studies the internationalization behaviour of French companies, using more than 330.000 observations for three two-year intervals. We analyze the role of productivity, organisational and ownership structure, and of fi nancial characteristics for the decision to enter into and exit from foreign markets. High levels of productivity are documented to be characteristic of companies decid...

This paper analyzes the behavior of monopoly firm serving its products to two countries. The main focus of this paper is on how the product-quality choice in different markets are related with the cost structure of the firm. First, This paper examines the effects of production and R&D costs on the product quality separately, and then discusses the general case where the both costs exists. This ...

We use a linked employer-employee data set from Germany to estimate the wage effect of foreignaffiliates in (the former) East and West Germany. In addition, the wage effects of the large number of West German affiliates which are located in East Germany are also considered. The implemented techniques allow us to control both for workerand plant-level unobserved components of earnings. We find l...

This paper investigates the role of productivity on a firm’s organizational choice. We set up an industry-equilibrium model in which heterogeneous firms concurrently choose their type of inputs, ownership structure and location of production. In choosing their type of inputs, firms trade off the extra customization costs of adopting generic inputs against the reduced hold-up friction that gener...

This paper analyzes the consequences of cross-border mergers in a spatial framework, thereby distinguishing three channels of influence: a price increase due to the elimination of product market competition, an adjustment in plant location which reduces overall transportation cost expenditures, and a harmonization in production costs due to a technology transfer within the firm. The welfare ana...