Results

CEP discussion paper

Global managers, local workers: Wage setting inside a multinational firm

How are wages set within a multinational firm? Combining cross-country data on wages and labor regulations with personnel records of a large multinational firm, I find that wage setting depends on the rank of the employe...Read more...

Blog

LSE Business Review:

Joining multinationals' supply chains can benefit domestic firms' performance

Developing countries compete to attract multinationals to induce development. Becoming suppliers to multinationals could improve domestic firms' technology and managerial practices, and the host country's economy could b...Read more...

CEP discussion paper

The indirect effect of the Russian-Ukrainian war through international linkages: early evidence from the stock market

This paper investigates how firms' international linkages to Russia and Ukraine affected investors' expectations following the escalation of the Russian-Ukrainian war. For this, we perform an event study around the Russi...Read more...

Blog

Africa at LSE:

How multinationals exploited a health crisis to accelerate deforestation in Liberia

The way multinational enterprises conduct themselves during periods of crisis, such as an epidemic, is of key importance in light of the Covid-19 pandemic. A health crisis may alter the short-run incentives of some multi...Read more...

Journal article

Journal of Environmental Economics and Management:

Searching for carbon leaks in multinational companies

Does a unilateral climate change policy cause companies to shift the location of production, thereby creating carbon leakage? In this paper, we analyze the effect of the European Union Emissions Trading System (EU ETS) o...Read more...

Journal article

Journal of International Business Studies:

Multinationals, innovation, and institutional context: IPR protection and distance effects

We characterize the knowledge production process whereby the inventive capabilities of the firm generate innovation output in highly inventive multinational enterprises (MNEs). We explore the sensitivity of this relation...Read more...

Blog

VoxEU:

Corporate taxes: views of leading economists on profit-shifting, tax base and a global minimum rate

Romesh Vaitilingam reports on economists' responses to the IGM Forum poll on issues surrounding the G7 global deal on corporate taxes....Read more...

CEP discussion paper

Globalization and conflicts: the good, the bad and the ugly of corporations in Africa

Using georeferenced data on the affiliates and headquarters of multinational enterprises together with georeferenced conflict data, this work is the first to establish a causal link between the activities of multinationa...Read more...

CEP discussion paper

Searching for carbon leaks in multinational companies

Does unilateral climate change policy cause companies to shift the location of production, thereby creating carbon leakage? In this paper, we analyse the effect of the European Union Emissions Trading System (EU ETS) on ...Read more...

Journal article

Journal of Economic Literature:

Global firms

Research in international trade has changed dramatically over the last twenty years, as attention has shifted from countries and industries towards the firms actually engaged in international trade. The now-standard hete...Read more...

Journal article

Journal of World Business:

Emerging Economy MNEs: How does home country munificence matter?

Multinational Enterprises (MNEs) from emerging economies (EEs) are establishing operations in advanced economies (AEs), apparently departing from traditional models of internationalization. We explore an under-explored d...Read more...

CEP discussion paper

Global firms

Research in international trade has changed dramatically over the last twenty years, as attention has shifted from countries and industries towards the firms actually engaged in international trade. The now-standard hete...Read more...

Journal article

American Economic Review:

Americans do IT better: US multinationals and the productivity miracle

US productivity growth accelerated after 1995 (unlike Europe's), particularly in sectors that intensively use information technologies (IT). Using two new micro panel datasets we show that US multinationals operating in ...Read more...

CEP discussion paper

Why is the US so Energy Intensive? Evidence from US Multinationals in the UK

At present the USA is - in per capita terms - the top greenhouse gas polluter among the world’s major economies. This is mirrored by the high energy intensity of all sectors of the US economy including manufacturing indu...Read more...

CEP discussion paper

Americans Do I.T. Better: US Multinationals and the Productivity Miracle

The US has experienced a sustained increase in productivity growth since the mid-1990s, particularly in sectors that intensively use information technologies (IT). This has not occurred in Europe. If the US “productivity...Read more...