Foreign direct investment, intra-firm trade and ownership structure

Konrad, Kai A. und Lommerud, Kjell Erik (2001): Foreign direct investment, intra-firm trade and ownership structure. In: European Economic Review, Bd. 45, Nr. 3: S. 475-494

Abstract

Asymmetric information about true opportunity cost in trade between a multinational and its foreign affiliate can alleviate the hold-up problem in foreign direct investment. Selling shares in the affiliate to locals is also beneficial because it increases the parent multinational's information rent that is protected from a host government's confiscatory taxation. © 2001 Elsevier Science B.V. All rights reserved.

• Dokumententyp: Zeitschriftenartikel
• Publikationsform: Publisher's Version
• Keywords: asymmetric information; foreign direct investment; multinational enterprise; theoretical study
• Fakultät: Volkswirtschaft > Lehrstühle > MPI für Steuerrecht und Öffentliche Finanzen
• Themengebiete: 300 Sozialwissenschaften > 330 Wirtschaft
• JEL Classification: F23, F34, G15, H87
• ISSN: 0014-2921
• Sprache: Englisch