Around the world, policymakers are obsessed with the competitiveness of their domestic companies and domestically based multinational corporations (MNCs). Such concerns frequently influence policy, especially tax policy. In this paper, I develop a theory of how taxes affect the international competitiveness of businesses. I then use that theory to evaluate basic tax policy decisions, such as th...

This article examines how multinational corporations (MNCs) shape institutional conditions in emerging economies to secure access to high-skilled, yet lower-cost science and engineering talent. Based on two in-depth case studies of engineering offshoring projects of German automotive suppliers in Romania and China we analyze how MNCs engage in ‘active embedding’ by aligning local institutional ...

The technology-driven evolution of crop plants from producers of basic food and fiber materials to producers of a broader range of specific molecules involved in human health and well-being is well under way. It will mark the beginning of a fundamental change in agricultural practices and the farm economy. The relentless discovery of naturally produced molecules in plants and their direct invol...

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Recent research on the impact of institutions su¤ers from historical, theoretical, and methodological problems. The historical issue is whether the initially poorer countries became wealthier, as Acemoglou, Johnson, and Robinson (2002) would have us believe. The theoretical question is whether the institutions that should matter are those that protect property rights or those that coordindate i...

Introduction Conclusions References

We examine the role of language choice in advertising to bilinguals in global markets. Our results reveal the existence of asymmetric language effects for multinational corporations (MNCs) versus local firms when operating in a foreign domain, such that the choice of advertising language affects advertising effectiveness for MNCs but not local companies. Also, different language formats (e.g., ...

This paper studies the relationship between multinationality and performance under a real options lens. Based on a cross-sectional panel of multinational corporations (MNCs) that are likely to use real options reasoning for the management of their operations, we test the impact of operating and strategic options on firms’ risk-returns parameters. Our evidence reveals that both multinationality ...

CONTENTS INTRODUCTION ..................................................................................... 321 I. THE COMMODITY IS CONGEALED CULTURE ..................................... 324 II. CORPORATIONS CAPTURE NONCOMMODIFIED CULTURAL FLOW ... 327 III. NONCOMMODIFIED CULTURAL FLOW OCCURS BETWEEN CORPORATIONS ...................................................................................