| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6353 |
| DP6353 Sophistication in Risk Management, Bank Equity, and Stability | |
| Hans Gersbach; Jan Wenzelburger | |
| 发表日期 | 2007-06-22 |
| 出版年 | 2007 |
| 语种 | 英语 |
| 摘要 | Recent theories of the multinational corporation introduce the property rights model of the firm and examine whether to integrate our outsource firm activities locally or to a foreign country. This paper focus instead on the internal organization of the multinational corporation by examining the power allocation between headquarters and subsidiaries. We provide a framework to analyse the interaction between the decision to serve the local market by exporting or FDI, market access and the optimal mode of organization of the multinational corporation. We find that subsidiary managers are given most autonomy in their decision how to run the firm at intermediate levels of local competition. We then provide comparative statistics for changes in fixed FDI entry costs and trade costs, information technology, the number of local competitors, and in the size of the local market. |
| 主题 | Industrial Organization ; International Trade and Regional Economics |
| 关键词 | Foreign direct investment International organization of production Power allocation in the firm |
| URL | https://cepr.org/publications/dp6353 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535183 |
| 推荐引用方式 GB/T 7714 | Hans Gersbach,Jan Wenzelburger. DP6353 Sophistication in Risk Management, Bank Equity, and Stability. 2007. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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