In this paper we investigated the hypothesis of export spillovers from foreign multinationals to domestic firms using a data set of UK manufacturing firms from 1992 to 1999. Unlike previous studies we allow not only for the possibility of horizontal (i.e. intra-industry) and regional externalities, but also for vertical ones (i.e. inter-industry: forward and backward). Deploying and Heckman sel...

This paper provides empirical evidence on the determinants of foreign ownership in manufacturing industries. Foreign ownership, according to the theory of international production, is the result of the combination of comparative and competitive advantage. An adequate examination of the ownership structure of an industry requires the ability to establish empirically the extent to which internati...

We examine how foreign ownership of a firm affects the variety of goods that the firm exports and the number of countries it trades with. We construct a simple theoretical model of how foreign ownership may affect these extensive margins of exports and take this model to data from Germany, one of the leading actors on the world market for goods. In line with theoretical predictions we find that...

â â â  â â â â â  abstract â  the research on social networks and collaborative strategies has highlighted from the mid of 1980 which has contributed to the success and development of firms. the relationship and communication with trade partners in overseas help success of firms in entering to foreign markets and improve new partners and new markets abroad. doing firm internationalization in fo...

How did the crisis impact financial intermediation? We address this question by studying a unique market segment, viz. foreign private debt issued in the U.S, which grew in size despite the financial crisis. Specifically foreign private (or Rule 144A) debt issued in U.S. registered over a five-fold increase compared to public (or Yankee) debt between pre-crisis and crisis periods, while at the ...

 The research on social networks and collaborative strategies has highlighted from the mid of 1980 which has contributed to the success and development of firms. The relationship and communication with trade partners in overseas help success of firms in entering to foreign markets and improve new partners and new markets abroad. Doing firm internationalization in foreign countries faces some ba...

This paper examines whether complying with U.S. financial reporting requirements impacts non-U.S. firms’ cross-listing decisions and listing choices. Using two constructs (reconciliation and disclosure) established at the firm level to proxy for foreign firms’ U.S. GAAP compliance costs, I find that compliance is a significant cost factor when non-U.S. firms consider whether they should issue o...

Existing studies have often failed to find positive impacts of horizontal FDI on domestic firms. We argue that the two effects underpinning the impacts of horizontal FDI (i.e., the positive spillover effect and the negative competition effect) have different degrees of attenuation with geographic distance. As FDI is often distributed unevenly across space, studies that do not account for the ge...

It is the conventional wisdom that productivity spillovers from home based to foreign owned firms occur only in the economies of developed countries. This paper argues that there are exceptions to the conventional wisdom. Given the importance of indigenous knowledge in productivity enhancement, spillovers could occur from domestically owned to foreign owned firms in developing countries. Given ...