Peter Egger, Georg Wamser, 07 October 2015

Controlled foreign company rules are implemented by countries to prevent adverse profit-shifting activities by multinationals. This column suggests there are unintended consequences of such rules for real investment activity. Using the case of German legislation, the authors find that fixed assets at foreign subsidiaries decline by about €7 million per subsidiary in response to controlled foreign company treatment.

Philippe Gugler, 23 August 2008

Chinese enterprises are making high profile forays into foreign markets. While these firms’ motivations are explained by traditional theories of multinational enterprises, this column identifies notable characteristics of many Chinese companies that make them distinct. China’s cultural context, market structures, and resources may necessitate changing our thinking about multinational enterprises’ strategies and motives.

Alexander Hijzen, 04 August 2008

Multinational enterprises’ foreign labour practices frequently come under fire. This column presents new evidence on how foreign takeovers affect workers’ wages and non-wage working conditions. The results suggest foreign investment is worth encouraging.

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