This dissertation consists of three separate essays. In the first essay, privatization is found to improve bank performance by both better monitoring of existing firms, and improved selection of new bank clients. Data on firms borrowing from government-owned banks, and firms borrowing from a privatized bank suggest that privatization led to an improvement of 1 to 2 percent in the earnings-per-a...

Purpose – This study demonstrates empirically the varied mechanisms through which supply chain practices of indigenous Chinese companies are influenced by foreign-owned multinational companies (MNCs) operating within China. It also provides empirical evidence of how the foreign-owned MNCs are influenced by the coercive pressures arising from the local cultural norms and begins an exploration of...

Foreign investors access local knowledge by co-locating with other foreign direct investment (FDI) firms. However, different aspects of local knowledge can be obtained from different local businesses. Thus, some foreign investors co-locate with FDI firms from the same country of origin, while others co-locate with foreign industry peers. We argue that, relative to industry FDI agglomeration, co...

Received: 10 February 2012 Revised: 12 November 2013 Accepted: 5 December 2013 Online publication date: 23 January 2014 Abstract Partner selection is a critical issue in building international joint ventures (IJVs). We argue that foreign firms are more likely to select local firms with unique network structural advantages within a local alliance network. We frame structural advantages as two ne...

This paper evaluates evidence of the impact of outbound foreign direct investment (FDI) on domestic investment rates. OECD countries with high rates of outbound FDI in the 1980s and 1990s exhibited lower domestic investment than other countries, which suggests that FDI and domestic investment are substitutes. U.S. time series data tell a very different story, however: years in which American mu...

Russia’s increased participation in the global economy since its accession to the WTO not only provides new opportunities but also creates new challenges for Russian firms. To compete internationally, many firms must significantly modernize their technologies and introduce new products. Various channels exist to acquire new knowledge, including investment in a firm’s own R&D and innovation, acq...

This deals with the technological development implications of the substantial and long-dated presence of foreign-owned affiliates in the Argentinean manufacturing industry. It put forward the argument that the learning process of foreign-owned firms should be central in the analysis of the technological impacts of inward FDI. In other words, FDI impacts to host economies are dependent not exclu...

Purpose – This study demonstrates empirically the varied mechanisms through which supply chain practices of indigenous Chinese companies are influenced by foreign-owned multinational companies (MNCs) operating within China. It also provides empirical evidence of how the foreign-owned MNCs are influenced by the coercive pressures arising from the local cultural norms and begins an exploration of...

We document three striking facts that pertain to the impact of globalization on wage inequality in China: (a) the college wage premium in manufacturing stayed flat before China’s accession into the WTO in 2001, but rose dramatically thereafter; (b) since the accession, the growth in processing exports of foreign-owned firms has far surpassed the growth of joint ventures and Chinese-owned firms;...

ARIFF reductions, falling transport costs, and reduced barriers to international capital flows have created extensive opportunities for multinational firms operating in increasingly integrated global markets. In the midst of rapid integration and globalization, firms still face tax systems that differ among countries, and these differences have the potential to affect major investment and finan...