| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w27873 |
| 来源ID | Working Paper 27873 |
| The International Propagation of Economic Downturns Through Multinational Companies: The Real Economy Channel | |
| Jan Bena; Serdar Dinc; Isil Erel | |
| 发表日期 | 2020-09-28 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We study how non-financial multinational companies propagate economic declines from their subsidiaries located in countries experiencing an economic downturn to subsidiaries in countries not experiencing one. We find that investment is 18% lower in subsidiaries of these parents relative to the same-industry, same-country subsidiaries of parents that are headquartered in the same parent country but do not have a subsidiary in a country experiencing an economic downturn. The employment growth rate in the affected subsidiaries is zero or negative while it is 1.4% in the subsidiaries of unaffected parents. The aggregate industry-level sales and employment are also negatively impacted in the countries of the affected subsidiaries. |
| 主题 | International Economics ; International Factor Mobility ; Financial Economics ; Corporate Finance |
| URL | https://www.nber.org/papers/w27873 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/585547 |
| 推荐引用方式 GB/T 7714 | Jan Bena,Serdar Dinc,Isil Erel. The International Propagation of Economic Downturns Through Multinational Companies: The Real Economy Channel. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w27873.pdf（2438KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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