In choosing where to invest, firms seek out information on a set of possible locations. Information asymmetries may be more extreme internationally than domestically, making country visibility particularly important in decisions to locate investment abroad. We develop a country visibility index...

Measuring the impact of political risk on investment projects is one of the most vexing issues in international business. One popular approach is to assume that the sovereign yield spread captures political risk and to augment the project discount rate by this spread. We show that this approach...

One of the aims of the BEPS Action Plan is to reduce existing leeway for multinational enterprises to shift profits by exploiting transfer pricing rules. Profit allocation is meant to be aligned with “real activity” and “value creation.” This article is devoted to the question of whether...

Our estimates, based on large firm-level and industry-level data sets from eighteen countries, suggest that FDI and trade have strong positive spillover effects on product and technology innovation by domestic firms in emerging markets. The FDI effect is more pronounced for firms from advanced...

The aim of this study is to examine the place of the Baltic States on the corporate world map, a contemporary, foreign-investment-driven alternative to the more familiar political map. To this end, the author studies the geographical place of the Baltics in the documentation of transnational...

The purpose of this study is to investigate the relationship between the existence of initial capacities within the host partners and the International joint-venture (IJV) performance. Three hypotheses were proposed. We suppose that the IJV firms have specific initial capacities compared to a...

The evolution of international alliances has raised the interest of literature on firm's theory and in terms of the conception and its capacities. Thus, the firm's evolution is view from the technological opportunities and its capacities perspective. In this context, the joint venture is...

A common finding in the international trade literature is that economic integration leads to export diversification. By documenting a positive link between adopting the European common currency and bilateral export concentration, the current work shows that this is not always the case. Using a...

In June 2014, three years after it endorsed the U. N. Guiding Principles on Business and Human Rights, the UN Human Rights Council moved to establish an open-ended intergovernmental working group to elaborate an international legally binding instrument to regulate, in international human rights...

In prior work, I suggested the way in which private enterprises have been developing coherent systems of governance that draw on but are autonomous of law and state based legal systems. In this essay I suggest the challenges to the erection of a similar coherent system of legal regulation by or...