An exploratory study of international marketing in India: Indian firms, multinationals and their competitiveness

OpenAIRE

Oburai, Prathap

2004-01-01

Indian firms are more international than ever before. Internationalisation drives and export orientation are prominent in the organisational strategies of a number of leading Indian firms and multinationals located in India. This is a significant indicator of the growing competitiveness of firms, industries and the nation. This paper examines the sources of competitive advantages in a few chosen sectors, selected firms, and explores the internationalisation possibilities and potential. Intern...

THE EFFECT OF MULTINATIONAL UNDERWRITING FIRMS ON INTELLECTUAL CAPITAL DISCLOCURE IN INDONESIAN IPO PROSPECTUSES

Directory of Open Access Journals (Sweden)

Dezie L. Warganegara

2017-03-01

Full Text Available The objective of this study was to investigate the effects of multinational underwriters on intellectual capitaldisclosure in Indonesian IPO prospectuses. Intellectual capital disclosure practices were driven by the adviceof underwriters. Multinational underwriters had a greater capacity to produce more relevant information so itreduced the information gap for IPO market participants. The information included IC disclosure practices inIPO prospectuses. This study found that the nationality of underwriting firms positively affected the extent ofintellectual capital disclosure in Indonesian IPO prospectuses. Exposure to IPOs in other countries and theability to combine dispersed knowledge across their international branches seemed to have a positive effect onmulti-national underwriting firms in as much as it led to a higher standard of disclosure of intellectual capitalthan that of local underwriting firms.

Offshoring R&D

DEFF Research Database (Denmark)

Hansen, Zaza Nadja Lee; Rasmussen, Lauge Baungaard

2010-01-01

Companies are increasingly offshoring R&D activities. Many firms, however, experience difficulties related to virtual teamwork across cultures and time zones. The research question is: How does increasing R&D offshoring impact transparency of communication structures and knowledge sharing? Using...... case studies from Danish multinational corporations with R&D activities in China, India or Eastern Europe this paper analyses the impact observed in these companies in regard to communication structures and knowledge sharing in management of offshored R&D activities. The findings show that companies...... attempt to increase transparency through formalisation of knowledge and clear communication structures. However, the influence of tacit knowledge, horizontal communication and culture seem largely overlooked. Therefore the authors suggest a context based approach to transparency accustomed...

Strategic R&D location by multinational firms : spillovers, technology sourcing, and competition

NARCIS (Netherlands)

Belderbos, R.A.; Lykogianni, E.; Veugelers, R.

2005-01-01

We analyse strategic interaction in R&D internationalization decisions by two multinational firms competing both abroad and in their home markets and examine different incentives for foreign R&D faced by technology leaders and technology laggards. The model takes into account the impact of local

Employment Effects of Service Offshoring: Evidence from Matched Firms

OpenAIRE

Rosario Crinò

2009-01-01

This paper studies the effects of service offshoring on the level and skill composition of domestic employment, using a rich data set of Italian firms and propensity score matching techniques. The results show that service offshoring has no effect on the level of employment but changes its composition in favor of high skilled workers.

Offshoring and Outsourcing of R&D and Business Activities in Canadian Technology Firms

Directory of Open Access Journals (Sweden)

Ajax Persaud

2013-09-01

Full Text Available A substantial amount of empirical research has been conducted on the offshoring/outsourcing practices of U.S., European, South Korean, and Japanese technology firms. However, there is very little research evidence on the strategies of Canadian firms. This leaves a gap in the literature that we aim to fulfill by providing empirical evidence of the practice among Canadian manufacturing firms. The evidence presented is based on t he 2009Survey of Innovation and Business Strategy conducted by Statistics Canada.  This survey provides the largest and most comprehensive data in Canada on this topic.  The data suggest that only a very small proportion of Canadian manufacturing firms offshore/outsource their R&D and other business activities and only a select few countries. The primary motivations for Canadian firms to offshore/outsource their R&D and business activities are to reduce costs and to gain access to new markets. The managerial, policy, and research implications of the results are discussed.

Corporate social responsibility in global health: an exploratory study of multinational pharmaceutical firms.

Science.gov (United States)

Droppert, Hayley; Bennett, Sara

2015-04-09

As pharmaceutical firms experience increasing civil society pressure to act responsibly in a changing globalized world, many are expanding and/or reforming their corporate social responsibility (CSR) strategies. We sought to understand how multinational pharmaceutical companies currently engage in CSR activities in the developing world aimed at global health impact, their motivations for doing so and how their CSR strategies are evolving. We conducted a small-scale, exploratory study combining (i) an in-depth review of publicly available data on pharmaceutical firms' CSR with (ii) interviews of representatives from 6 firms, purposively selected, from the highest earning pharmaceutical firms worldwide. Corporate social responsibility differed for each firm particularly with respect to how CSR is defined, organizational structures for managing CSR, current CSR activities, and motivations for CSR. Across the firms studied, the common CSR activities were: differential pharmaceutical pricing, strengthening developing country drug distribution infrastructure, mHealth initiatives, and targeted research and development. Primary factors that motivated CSR engagement were: reputational benefits, recruitment and employee satisfaction, better rankings in sustainability indices, entrance into new markets, long-term economic returns, and improved population health. In terms of CSR strategy, firms were at different points on a spectrum ranging from philanthropic donations to integrated systemic shared value business models. CSR is of increasing importance for multinational pharmaceutical firms yet understanding of the array of CSR strategies employed and their effects is nascent. Our study points to the need to (i) develop clearer and more standardized definitions of CSR in global health (2) strengthen indices to track CSR strategies and their public health effects in developing countries and (iii) undertake more country level studies that investigate how CSR engages with

Multinationality and Opaqueness

DEFF Research Database (Denmark)

Aabo, Tom; Pantzalis, Christos; Park, Jung Chul

2015-01-01

We investigate whether and how multinationality affects the opaqueness of the firm. We use multiple alternative measurements of multinationality and opaqueness. Spanning nearly three decades for a large sample of US non-financial firms, we find a statistically and economically significant, positi...

Offshore Outsourcing, Contractual R&D and Intellectual Property in Developing Countries

OpenAIRE

Marjit, Sugata; Xu, Xinpeng; Yang, Lei

2009-01-01

This paper examines the role of intellectual property in developing countries in offshore outsourcing of R&D. We find that strengthened intellectual property protection in developing countries provides incentive for firms, both multinational and local, to specialize in undertaking an R&D activity in which it has competitive advantage (the specialization effect). It also facilitates the process for local firms to switch from imitators to potential innovators (the switching effect). We demon...

Does the meta-environment determine firm performance? Theory and evidence from European multinational enterprises

NARCIS (Netherlands)

de Jong, Gjalt; Phan, T. Binh; van Ees, Hans; Phan, T.T.

We study an underrepresented area in the international business literature: the effect of the meta-environment on multinational enterprise (MNE) performance. A meta-environment is a symbiosis of all country environments where an MNE operates. This conceptualization of a firm's external context is

Impact of Domestic, Foreign, and Global Environments on International Business Decisions of Multinational Firms: A Systematic Study

OpenAIRE

Sreeramana Aithal

2017-01-01

International business decisions to be taken by executive managers of multinational firms are becoming more challenging due to uncertainties in business environment which is due to fast changing and unpredictable domestic, foreign, and global environment for long term sustainability. Even though firms are cautious and take precautions while taking decisions on international investment for production and marketing, their sustainability for a long time in a given business is shaking due to cont...

Offshoring White-Collar Work: An Explorative Investigation of the Processes and Mechanisms in Two Danish Manufacturing Firms

DEFF Research Database (Denmark)

Slepniov, Dmitrij; Larsen, Marcus Møller; Wæhrens, Brian Vejrum

2010-01-01

of this paper is two folded: to explain why knowledge-intensive service work in manufacturing firms is increasingly subject to offshoring and to understand the effects of this process on integration mechanisms for the firms involved. The empirical part of the study is based on two qualitative case studies...... of Danish manufacturers, and on the basis of these, we first argue that the drivers of white-collar work offshoring in many respects are parallel to those of the earlier wave of blue-collar work offshoring. However, the existing offshoring and outsourcing frameworks do not necessarily adequately address....... By relating white-collar work offshoring to integration means companies instigate to manage it, we attempt to bridge the existing knowledge gaps and advance understanding of the process of white-collar work offshoring and its implications....

Successes and Challenges of Emerging Economy Multinationals

DEFF Research Database (Denmark)

Successes and Challenges of Emerging Economy Multinationals investigates a broad variety of cases presenting clear evidence of fast successful internationalization of emerging economy multinationals originating not only from big economic players such as China, India and Russia but also from other...... successfully internationalizing emerging countries, namely South Africa and Poland. In terms of size, the firms vary from huge multinational firms such as Huawei, Tata and Gazprom, to really small high technology firms. The in-depth analysis conducted in this book leads to the indication of numerous novel...

Multinational Risk and Performance Outcomes

DEFF Research Database (Denmark)

Andersen, Torben Juul

2012-01-01

A multinational presence can diversify corporate business activities and provide access to diverse overseas resources. This can enhance operational flexibility and create new business propositions that increase responsiveness to global market changes. Establishing an international corporate...... cross-sectional dataset, we find that flexibility and responsiveness thrives on a multinational presence among firms operating in information-driven knowledge businesses. In contrast, internationalizing firms in capital-based network services display adverse risk effects........ Consistent with the rationales of the OLI paradigm, we argue that multinational reach particularly in knowledge-based industries can reduce downside risk and enhance upside potential. These results introduce more nuances to the ongoing debate about multinational risk and performance effects. Based on a large...

Multinational Corporations and Stock Price Crash Risk

Directory of Open Access Journals (Sweden)

Anthony May

2016-10-01

Full Text Available A nascent literature in finance and accounting on tail risk in individual stock returns concludes that bad news hoarding by corporate managers engenders sudden, extreme crashes in a firm’s stock price when the bad news is eventually made public. This literature finds that firm-specific crash risk is higher among firms with more severe asymmetric information and agency problems. A hitherto disjointed literature spanning the fields of international business, finance, and accounting suggests that geographic dispersion in a firm’s operations, and especially dispersion across different countries, gives rise to organizational complexities and greater costs of monitoring that can exacerbate asymmetric information and agency problems. Motivated by the confluence of arguments and findings from these two strands of literature, this paper examines whether stock price crash risk is higher among multinational firms than domestic firms. Using a large sample of U.S. headquartered firms during 1987-2011, we find robust evidence that multinational firms are significantly more likely to crash than domestic firms. Moreover, we show that the difference in crash risk between multinational and domestic firms is most acute among firms with weaker corporate governance mechanisms, including weaker shareholder rights, less independent boards, and less stable institutional ownership. Our analysis indicates that stronger monitoring from each of these three governance mechanisms significantly attenuates the positive relation between crash risk and multinationality. Our findings are robust to the use of alternative measures of crash risk and to controlling for known determinants of crash risk identified in prior studies. Our study offers new insights that should hold value for scholars and market participants interested in understanding the implications of heighted agency problems that multinational firms are likely to encounter and scholars and market participants

Profit shifting and 'aggressive' tax planning by multinational firms: Issues and options for reform

OpenAIRE

Fuest, Clemens; Spengel, Christoph; Finke, Katharina; Heckemeyer, Jost; Nusser, Hannah

2013-01-01

This paper discusses the issue of profit shifting and ‘aggressive’ tax planning by multinational firms. The paper makes two contributions. Firstly, we provide some background information to the debate by giving a brief overview over existing empirical studies on profit shifting and by describing arrangements for IP-based profit shifting which are used by the companies currently accused of avoiding taxes. We then show that preventing this type of tax avoidance is, in principle, straightforward...

The Performance and Risk Management Implications of Multinationality

DEFF Research Database (Denmark)

Juul Andersen, Torben

Multinational enterprise in control of dispersed overseas resources and capabilities has been linked to strategic flexibility that allows the firm to take advantage of opportunities and manage exposures imposed by changing environmental conditions. This paper analyzes the implied performance...... and risk management effects in a comprehensive sample of public firms and finds supportive evidence for the proposition that multinationality can enhance performance across industries. However, the ability to exploit upside potential and avoid downside risk is industry specific. The positive effects...... of multinationality are found particularly pronounced among firms operating in knowledge intensive service industries while firms in capital-intensive primary industries display the inverse relationships. Keywords: Strategic flexibility, Real options, Risk management...

Is there a curse of relocation? Analysing the causal link between offshoring and the innovation performance of (small) firms

DEFF Research Database (Denmark)

Mitze, Timo; Kreutzer, Fabian

2017-01-01

We analyse the empirical link between offshoring activities and different dimensions of innovation performance at the firm-level. In order to identify causal effects running from offshoring to innovation, we use a quasi-experimental comparison group approach by means of (conditional) difference......-in-difference estimations applied to German establishment-level data for firms that conducted offshoring activities in the period 2007–13. We find that the international relocation of business functions has a negative impact on the firms’ propensity to be innovative in terms of product and process innovations as well...

Vertically Integrated Multinationals and Productivity Spillovers

DEFF Research Database (Denmark)

Clementi, Federico; Bergmann, Friedrich

are not automatic. In this paper, we study how these externalities are affected by the strategy of vertical integration of foreign multinationals. Our analysis, based on firm-level data of European manufacturing companies, shows that local firms perceive weaker backward spillovers if client foreign affiliates...... are vertically integrated in their industry. The spillovers that arise from the activity of companies that do not invest in the domestic firms’ industry are 2.6 to 5 times stronger than the ones than come from affiliates of multinationals that invest in the industry of local firms....

The Foreign Exchange Exposure of Japanese Multinational ...

African Journals Online (AJOL)

The Foreign Exchange Exposure of Japanese Multinational Corporations. ... African Journal of Finance and Management ... We also find that keiretsu multinationals are more exposed to exchange rate risk that non-keiretsu firms.

Emerging Multinational Companies and Strategic Fit

DEFF Research Database (Denmark)

Gammeltoft, Peter; Filatotchev, Igor; Hobdari, Bersant

2012-01-01

There is an increasing awareness in international business that institutional factors need to be better incorporated into the understanding of international investments decisions of multinational companies. This applies equally to outward foreign direct investment by emerging economy firms...... has been suggested in terms of integrating various theoretical frameworks however and developing a more holistic understanding of these new investment flows. In this Editorial we propose that outward FDI from emerging economies can be better understood by analyzing them within a broad institutional...... which considers flows of outward investment from emerging economies as framed by institutional pressures at the firm level towards achieving fit between the environment, strategies, structures, resources and practices of the firm. For the multinational firm this fit must be attained along multiple...

THE EXPANSION OF MULTINATIONAL COMPANIES GLOBALLY

Directory of Open Access Journals (Sweden)

DUDUIALĂ POPESCU LORENA

2017-12-01

Full Text Available The multinational firms now have a very important role to play in all countries' economies and international economic relations, turning into an increasingly important issue for governments. Through foreign direct investment, these firms can bring substantial gains to both home and host states by contributing to the efficient use of capital, technology and human resources across countries, and thus can play an important role in the development of economic prosperity and social issues. So the common goal of all countries is to stimulate positive contributions by which multinational firms can make economic and social progress and reduce or solve the difficulties that may arise from their operations.

Foreign acquisitions, domestic multinationals, and R&D

DEFF Research Database (Denmark)

Bandick, Roger; Görg, Holger; Karpaty, Patrik

2014-01-01

The aim of this paper is to evaluate the causal effect of foreign acquisition on R&D intensity in targeted domestic firms. We are able to distinguish domestic multinationals and non-multinationals, which allows us to investigate the fear that the change in ownership of domestic to foreign...... multinationals leads to a reduction in R&D activity in the country. We use unique and rich firm level data for the Swedish manufacturing sector and micro-econometric estimation strategies in order to control for the potential endogeneity of the acquisition decision. Overall, our results give no support...... to the fears that foreign acquisition of domestic firms lead to a relocation of R&D activity in Swedish MNEs. Rather, this paper finds robust evidence that foreign acquisitions lead to increasing R&D intensity in acquired domestic MNEs and non-MNEs....

Multinationals' Political Activities on Climate Change

International Nuclear Information System (INIS)

Kolk, A.; Pinkse, J.

2007-01-01

This article explores the international dimensions of multinationals' corporate political activities, focusing on an international issue - climate change - being implemented differently in a range of countries. Analyzing data from Financial Times Global 500 firms, it examines the influence on types and process of multinationals' political strategies, reckoning with institutional contexts and issue saliency. Findings show that the type of political activities can be characterized as an information strategy to influence policy makers toward market-based solutions, not so much withholding action on emission reduction. Moreover, multinationals pursue self-regulation, targeting a broad range of political actors. The process of political strategy is mostly one of collective action. International differences particularly surface in the type of political actors aimed at, with U.S. and Australian firms focusing more on non-government actors (voluntary programs) than European and Japanese firms. Influencing home-country (not host-country) governments is the main component of international political strategy on climate change

Cultural Specifics of Management in Multinational Companies

OpenAIRE

Křečková Kroupová, Zuzana

2002-01-01

Nowadays the world is becoming increasingly economically connected, and cultural diversity of employees is gaining importance as a crucial competitive advantage. Cross-cultural communication ability is becoming a key management skill in multinational firms and is equally important for other employees who are exposed to other cultures in the workplace. This work mainly focuses on cultural specifics of management in multinational firms. The goal of this thesis is to discover how different natio...

Tax-Response Heterogeneity and the Effects of Double Taxation Treaties on the Location Choices of Multinational Firms

OpenAIRE

Behrendt, Simon; Wamser, Georg

2018-01-01

This paper examines location choices of multinational enterprises (MNEs). We particularly focus on the consequences of double taxation treaties (DTTs) and corporate profit taxes on the probability to choose a location. DTTs have become a key policy instrument used by countries to regulate international tax issues related to the cross-border activities of MNEs. Based on three alternative location choice models, which all allow parameter estimates to vary randomly across firms, we show that fir...

Ownership Concentration and CSR Policy of European Multinational Enterprises

NARCIS (Netherlands)

Dam, Lammertjan; Scholtens, Bert

2013-01-01

This study investigates how ownership concentration in European multinational firms is associated with these firms' corporate social responsibility (CSR). We employ factor analysis on responsibility data from EIRiS and use a regression analysis. Using firm-level data for almost 700 European firms,

Connected Firms and Investor Myopia

NARCIS (Netherlands)

Ginglinger, Edith; Hébert, Camille; Renneboog, Luc

2017-01-01

Conglomerates, multinational corporations and business groups are non-exclusive forms of complex firms. Often organized as corporate networks, complex firms control a myriad of firms connected through ownership links. We investigate whether parent-subsidiary links within corporate networks enhance

Multinational Corporations, FDI and the East Asian Economic Integration

OpenAIRE

Tzu-Han YANG; Deng-Shing HUANG

2011-01-01

The phenomenon of fast-growing business activities of multinational corporations around the world has generated much interest in understanding its implications for the development of the world economy as well as the relationships among national economies. By analyzing the world's top 2000 firms published by Forbes Magazine (the Forbes Global 2000), this article first investigates the contents and structural evolution of these giant multinational firms and their relationship with national fore...

Knowledge Flows, Governance and the Multinational Enterprise

DEFF Research Database (Denmark)

Mahnke, Volker; Pedersen, Torben

This work contributes to the understanding of knowledge governance in the multinational corporation. Intra-firm and inter-firm processes of knowledge creation, sharing and exploitation have attracted increasingly managerial and scholarly interest. However the relation between particular knowledge...

Multinational Taxation and R&D Investments

NARCIS (Netherlands)

de Waegenaere, A.; Sansing, R.C.; Wielhouwer, J.L.

2012-01-01

This study examines the effects of taxation on the incentives of multinational firms to develop and use intellectual property. We model optimal investment and production decisions by firms that engage in a patent race by making R&D investments. We investigate how taxes affect the level and

Multinational taxation and R&D investments

NARCIS (Netherlands)

De Waegenaere, A.M.B.; Sansing, R.; Wielhouwer, J.L.

2012-01-01

This study examines the effects of taxation on the incentives of multinational firms to develop and use intellectual property. We model optimal investment and production decisions by firms that engage in a patent race by making R&D investments. We investigate how taxes affect the level and

Corporate Taxation and Multinational Activity

OpenAIRE

Peter Egger; Simon Loretz; Michael Pfaffermayr; Hannes Winner

2009-01-01

This paper assesses the impact of corporate taxation on multinational activity. A numerically solvable general equilibrium model of trade and multinational firms is used to incorporate the following components of corporate taxation: parent and host country statutory corporate tax rates, withholding tax rates, and parent and host country depreciation allowances. We account for their differential impact under alternative methods of double taxation relief (i.e., credit, exemption, and deduction)...

Foreign acquisitions, domestic multinationals, and R&D

DEFF Research Database (Denmark)

Bandick, Roger; Görg, Holger; Karpaty, Patrik

endogeneity of the acquisition dummy.  Overall, our results give no support to the fears that foreign acquisition of domestic firms lead to a brain drain of R&D activity in Swedish MNEs. Rather, this paper finds robust evidence that foreign acquisitions lead to increasing R&D intensity in acquired domestic......The aim of this paper is to evaluate the causal effect of foreign acquisition on R&D intensity in targeted domestic firms. We are able to distinguish domestic multinationals and non-multinationals, which allows us to investigate the fear that the change in ownership of domestic to foreign...

Strategic Orientation in the Globalization of Software Firms

Science.gov (United States)

Dedrick, Jason; Kraemer, Kenneth L.; Carmel, Erran; Dunkle, Debora

In the search for profits, software firms are globalizing their development activities. Some firms achieve greater profits by becoming more efficient, whereas others do so by reaching new markets; some do both. This paper creates an a priori typology of strategies based on the extent to which firms are focused on operational improvement or market access, have a dual focus or are unfocused. We find that firms with these strategies differ in degree of internationalization, organization of offshoring and performance outcomes related to offshoring. Market-oriented firms receive a greater proportion of their total revenue from sales outside the U.S., showing a greater international orientation. They keep more of their offshore development in-house via captive operations. They also are most likely to report increased non-U.S. sales as a result of offshoring. On the other hand, operations-oriented firms have lower levels of international sales, are more likely to go offshore via outsourced software development, and achieve greater costs savings and labor force flexibility as a result of offshoring. Operations-oriented firms also face more obstacles in offshoring, perhaps because of their reliance on outsourcing. Dual focus firms generally achieve some of the best of both strategies, whereas unfocused firms achieve lower cost benefits.

The Tax Sensitivity of Debt in Multinationals: A Review

OpenAIRE

Schjelderup, Guttorm

2015-01-01

The OECD in its BEPS action plan 4 addresses tax base erosion by profit shifting through the use of tax deductible interest payments. Their main concern is interest deductions between outbound and inbound investment by groups. Studies of multinational firms show that the tax sensitivity of debt is more modest than what one would expect given the incentives for profit shifting. The purpose of this paper is to review existing literature and to add new knowledge on multinational firm behavior th...

A theoretical assessment of the empirical literature on the impact of multinationality on performance

NARCIS (Netherlands)

Hennart, J.M.A.

2011-01-01

I assess the theoretical basis for the existence of a relationship between the size of a firm's foreign footprint (its multinationality) and its performance. I argue that multinationality results from a firm's choice between coordinating internally the stages of its value chain and letting them be

The Role of Multinational Companies in the Deployment of Foreign Direct Investments

Directory of Open Access Journals (Sweden)

Ion Botescu

2006-10-01

Full Text Available In the last decades multinational firms have become the leading actors of the international markets, including markets in developing countries. A multinational firm’s decision to open a branch or a subsidiary in another country, thus to invest abroad, is based on efficiency criteria, the obtained profit having a primordial aspect. We mustn’t forget the various advantages the host country befits of, here mentioning the transfer of technology. The unprecedented foreign amalgamation of multinational firms was brought on by the continuous liberalization of international commerce and investment fluxes.

International Competition for Foreign Multinational Investment,

OpenAIRE

Jan I. Haaland; Ian Wooton

1998-01-01

We examine the economic justification for providing investment subsidies to foreign-owned multinationals. These provide employment opportunities and generate demand for domestic intermediate inputs, produced by domestic workers with increasing returns to scale. Offering subsidies to multinationals may be in the national interest if the investment raises the net value of domestic production. When agglomerative forces are sufficiently strong, a subsidy that attracts the first foreign firm may i...

Import, Offshoring and Wages

DEFF Research Database (Denmark)

Fosse, Henrik Barslund; Maitra, Madhura

Offshoring firms are found to pay higher average wages than purely domestic firms. We provide a unifying empirical approach by capturing the different channels through which offshoring may explain this wage difference: (i) due to change in the composition of workers (skill composition effect) (ii......) because all existing workers get higher pay (rent sharing effect). Using Danish worker-firm data we explain how much each channel contributes to higher wages. To estimate the causal effect of offshoring on wages we use China’s accession to the WTO in December 2001 - and the soon after boom in Chinese...

Orchestration of Globally Distributed Knowledge for Innovation in Multinational Companies

DEFF Research Database (Denmark)

Sajadirad, Solmaz; Lassen, Astrid Heidemann

Conducting a multiple-case study in five companies from Danish industry, this paper explores how multinational companies orchestrate knowledge from their globally distributed subsidiaries for innovation. Comparisons of knowledge orchestration within headquarter and subsidiaries for improvement...... and innovation show that a combination of the dynamic use of inter-firm objects and a well-established knowledge orchestration process underlies knowledge orchestration for innovation in multinational companies, as it advances headquarters’ abilities to effectively acquire, evaluate, disseminate, and utilize...... globally distributed knowledge. This study contributes to the understanding of knowledge orchestration between headquarter and distributed subsidiaries in multinational companies and how it is related to innovation. Specifically, this paper has important implications regarding the use of inter-firm objects...

A Cost-based Explanation of Gradual, Regional Internationalization of Multinationals on Social Networking Sites

DEFF Research Database (Denmark)

Pogrebnyakov, Nicolai

2017-01-01

This paper examines firm internationalization on social networking sites (SNS). It systematically examines costs faced by an internationalizing firm and how firms react to these costs according to “distance-dependent” (gradual and regional) and “distance-invariant” (born-global) explanations...... of internationalization. Data on 5827 country pages of 240 multinational firms on Facebook, the most popular SNS today, is used. Creating a foreign country-specific Facebook page is considered the SNS equivalent of opening a physical subsidiary in that country. The data show that multinationals exhibit...

DIMENSIONS OF MULTINATIONAL ENTERPRISES

Directory of Open Access Journals (Sweden)

Maria - Ramona SARBU

2015-11-01

Full Text Available Capital, creating new jobs, innovation, advanced technologies and the know-how transfer to local firms, human resources with a high level of training, effective management capacity, providing the necessary inputs for the evolution of the activity under the best conditions of efficiency, the access of local consumers to a variety of products and services are the main advantages that multinational enterprises (MNEs bring in the countries where they expand their activities, with a significant impact on economic activities, between national economies. The purpose of this study is the analysis of the main non-financial multinationals in the world, based on the assets held abroad and depending on the transnationality index (TNI in 2013. In order to achieve the purpose of the current paper we employed data from UNCTAD database and the World Investment Report (WIR from 2015. Information on multinationals ranked by foreign assets according to the World Investment Report in 2015 show that, based on the TNI, European multinationals, such as the ones in France, Italy, Germany and Norway, have a higher transnationality index compared to multinationals from larger countries, such as the US and China. Among the top 10 European multinationals, the transnationality index reached an average of 55 % in 2013.

Corporate governance and international location decisions of multinational enterprises

NARCIS (Netherlands)

Dam, L.; Scholtens, B.; Sterken, E.

2007-01-01

This paper analyses international location decisions of corporations based on corporate governance considerations. Using firm level data on 540 Multinational Enterprises (MNEs) with 44,149 subsidiaries in 188 countries, we test whether firms with relatively good governance standards are more often

Multinational Firms and Business Cycle Transmission

DEFF Research Database (Denmark)

Menno, Dominik Francesco

This paper studies the effect of foreign direct investment (FDI) on the transmission of international business cycles. I document for the G7 countries between 1991 and 2006 that increases in bilateral FDI linkages are associated with more synchronized investment cycles. I also find...... that the relation between FDI integration and synchronization of gross domestic product (GDP) is - yet positive - statistically insignificant after controlling for time fixed effects. I then study a model of international business cycles with an essential role for FDI and shocks to multinational activity...

Unravelling learning within multinational corporations

NARCIS (Netherlands)

Saka-Helmhout, Ayse

This article explores the impact of institutional variation on the extent to which subsidiary firms learn from multinational corporations. Learning is conceptualized here as consisting of two aspects: knowledge flow and reinforcement of or change in routines to incorporate the behaviourist

Whether and What to Offshore?

DEFF Research Database (Denmark)

Jensen, Peter Ørberg; Pedersen, Torben

In this article, we explore the idea that offshoring of services and technical work should be regarded as a dynamic process that evolves over time. Firms gradually move from offshoring of simple, standardized activities towards offshoring of advanced activities when they accumulate experience...... with offshoring, and this type of offshoring comes with an entirely different set of characteristics compared to traditional, cost-seeking offshoring. Based on a unique survey among the total population of firms in the eastern region of Denmark, we analyze some of the dynamics of this process through a model...... that incorporates two different aspects of the process of offshoring. First, we approach the question of whether to offshore and establish a baseline that investigates the determinants of firms’ participation—or lack thereof—in offshoring. Secondly, we approach the question of what to offshore and the subsequent...

Thin Capitalization Rules and Multinational Firm Capital Structure

NARCIS (Netherlands)

Blouin, J.; Huizinga, H.P.; Laeven, L.; Nicodeme, G.

2014-01-01

Abstract: This paper examines the impact of thin capitalization rules that limit the tax deductibility of interest on the capital structure of the foreign affiliates of US multinationals. We construct a new data set on thin capitalization rules in 54 countries for the period 1982-2004. Using

Offshoring and Changes in Firms’ Domestic Employment

DEFF Research Database (Denmark)

Timmermans, Bram; Østergaard, Christian Richter

difference on a set of employment characteristics, i.e. employment growth, growth in high skilled employees, and growth in employees with a background in science and engineering, by using a partial propensity score matching approach. The findings of the analyses show that there are clear differences between......In this paper, we investigate, by merging the Danish linked employer-employee database with a Danish offshoring survey, the difference in employment between offshoring and non-offshoring firms that are active in manufacturing industries and business services in Denmark. We measure the mean...... Danish offshoring and non-offshoring firms in how the employee composition changes over time. The change in employment composition differ considerably between manufacturing industries and business services and on whether firms offshore administrative and technical business functions or other types...

Too much or too little of R&D offshoring : The impact of captive offshoring and contract offshoring on innovation performance

NARCIS (Netherlands)

Steinberg, Philip; Procher, Vivien D.; Urbig, Diemo

2017-01-01

Innovating firms may acquire foreign knowledge and improve their innovation performance by offshoring their R&D activities to their own foreign affiliates (captive offshoring) as well as by contracting out their R&D to external foreign parties (contract offshoring). This study examines the impact of

Multinationality as real option facilitator – Illusion or reality?

DEFF Research Database (Denmark)

Aabo, Tom; Pantzalis, Christos; Park, Jung Chul

2016-01-01

Previous literature provides multiple conflicting arguments on why and when multinationality should enhance or impede the value-relevance of firms’ real options. We address this issue by examining whether the relationship between stock returns and changes in return volatility varies with multinat......Previous literature provides multiple conflicting arguments on why and when multinationality should enhance or impede the value-relevance of firms’ real options. We address this issue by examining whether the relationship between stock returns and changes in return volatility varies...... with multinationality. Our results indicate that multinationality does indeed act as a real option facilitator. Furthermore, we show that, consistent with the notion that there are limits to the operating flexibility associated with multinationality this benefit only accrues fully if the firm is not financially...

Employee benefits in multinational firms: Empirical evidence for Romania and Serbia

Directory of Open Access Journals (Sweden)

Caran Margareta

2015-01-01

Full Text Available The paper aims to analyze post-employment benefits provided by multinational firms, focusing on retirement advantages and pension systems in Romania and Serbia from a comparative empirical perspective. Economic literature highlights the essential role played by pension schemes in assuring a proper level of income after retirement, thus reducing poverty and increasing productivity, with significant positive implications upon overall economic activity. our research is based on developing several double-log fixed and random effects models, as well as a dynamic and distributed lags model, using a panel structure over the 2005- 2013 period and a complex set of indicators (national accounts - GDP total and per capita; labor market - employment, unemployment, productivity, earnings; secondary and tertiary education; pension specific data - general beneficiaries, old age and survivor pensioners, total and by gender, and pension expenses as percentage of GDP. The results show that pensions represent an incentive for employees leading to an increase in resource productivity. At the same time, old age pensions are positively shaping economic growth and employment for the two countries considered, significantly reducing the poverty rate for pensioners. Nevertheless, the two pensions systems are modelled by the economic activity, educational background of employees, as well as by the level of net earnings.

Uncovering Offshore Financial Centers: Conduits and Sinks in the Global Corporate Ownership Network.

Science.gov (United States)

Garcia-Bernardo, Javier; Fichtner, Jan; Takes, Frank W; Heemskerk, Eelke M

2017-07-24

Multinational corporations use highly complex structures of parents and subsidiaries to organize their operations and ownership. Offshore Financial Centers (OFCs) facilitate these structures through low taxation and lenient regulation, but are increasingly under scrutiny, for instance for enabling tax avoidance. Therefore, the identification of OFC jurisdictions has become a politicized and contested issue. We introduce a novel data-driven approach for identifying OFCs based on the global corporate ownership network, in which over 98 million firms (nodes) are connected through 71 million ownership relations. This granular firm-level network data uniquely allows identifying both sink-OFCs and conduit-OFCs. Sink-OFCs attract and retain foreign capital while conduit-OFCs are attractive intermediate destinations in the routing of international investments and enable the transfer of capital without taxation. We identify 24 sink-OFCs. In addition, a small set of five countries - the Netherlands, the United Kingdom, Ireland, Singapore and Switzerland - canalize the majority of corporate offshore investment as conduit-OFCs. Each conduit jurisdiction is specialized in a geographical area and there is significant specialization based on industrial sectors. Against the idea of OFCs as exotic small islands that cannot be regulated, we show that many sink and conduit-OFCs are highly developed countries.

Does internationalisation of technology determine technological diversification in large firms?

OpenAIRE

Christian Le Bas; Pari Patel

2005-01-01

The purpose of the paper is to examine the relationship between technological diversification and internationalisation of technology for large multinational firms, operating at the world technological frontier. More precisely we address the question as to whether internationalisation determines diversification. The analysis is based on a rich database of the European patenting activity of 345 large multinational firms with the highest levels of patenting over two periods of time (1988-1990 an...

Acquired versus Non-Acquired Subsidiaries - Which Entry Mode do Parent Firms Prefer

OpenAIRE

Esther Kalkbrenner

2010-01-01

Despite the economic importance of international foreign direct investment (FDI) flows, investment decisions of multinational firms are not well understood. A multinational firm can establish a subsidiary in a foreign country through greenfield investment or through acquiring an existing firm in the target country. The goal of this paper is to shed some light on the determinants of foreign market entry modes. In particular to analyze the systematic variation in the mode choice of FDI, namely ...

Entry Mode and Performance of Nordic Firms

DEFF Research Database (Denmark)

Wulff, Jesper

2015-01-01

including the proposed moderating effect, on average, yield higher post-entry performance. This study sheds light on inconsistent results found in previous research investigating the impact of international experience and has practical implications for managerial decision-making.......This study investigates whether the relationship between mode of international market entry and non-location bound international experience is weaker for firms that are large or have a high foreign to total sales ratio, labeled multinational experience. Empirical evidence based on 250 foreign...... market entries made by Norwegian, Danish and Swedish firms suggests that the association between equity mode choice and non-location bound international experience diminishes in the presence of higher levels of multinational experience. Furthermore, firms whose entry mode choice is predicted by the model...

Determining The Optimal Mix of Institutional Geopolitical Power And ASEAN Corporate Governance on the Firm Value of Malaysia’s Multinational Corporations (MNCs

Directory of Open Access Journals (Sweden)

Wan Sallha Yusoff

2018-01-01

Full Text Available The purpose of this paper is to examine the relationship between institutional geopolitics, ASEAN corporate governance quality and the firm value of Malaysia’s multinational corporation (MNC. We used the data of MNCs in Malaysia that were active from 2009 to 2013 as an evidence of MNCs from emerging market economies. Descriptive analysis, factor analysis and panel data analysis have been utilized to test the equation model. We also propose optimization analysis by using differential evolution method to capture the optimal mix of institutional geopolitics and ASEAN_CG on the firm value of MNC. Results reveal that the geopolitics of G7(Canada, France, German, Italy, Japan, Europe, and the United States, BRICS (Brazil, Russia, India, China, and South Africa, and ASEAN (Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Myanmar, Philippines, Singapore, Thailand, Vietnam, and Malaysia are highly correlated with the firm value of Malaysia’s MNC. The power of institutional geopolitics, namely, military, material, and social power, influences firm value negatively and ASEAN_CG moderate the negative influence of institutional geopolitics on the firm value of MNC. Thus, it is importance for corporate management to understand the geopolitical changes of host countries’ and increase the compliance of ASEAN_CG in formulating their market value and segmentation strategies.

Experiences of Emerging Economy Firms

DEFF Research Database (Denmark)

Experiences of Emerging Economy Firms investigates the different elements of the experiences of emerging economy firms and sheds essential light on a large variety of aspects associated with their functioning in both home and host contexts. For example, firms must be able to overcome the liability...... of foreign and emerging issues when they expand their activities in various contexts, enter, exit, and re-enter overseas markets; they have to overcome institutional barriers, adapt the cultural challenges in foreign markets, undergo the impact of large multinational firms from developed economies...

Offshoring and International Competitiveness

DEFF Research Database (Denmark)

Ørberg Jensen, Peter D.; Pedersen, Torben

2012-01-01

During the past decade, offshoring has become an established business practice. Yet it is still more common to offshore less advanced tasks compared with offshoring more advanced tasks, i.e., tasks closer to the core activities of the firm. The latter is a new phenomenon which raises many new iss...

Acquisitions by Multinationals and Trade Liberalization

NARCIS (Netherlands)

Ray Chaudhuri, A.

2014-01-01

Abstract This paper develops a theoretical framework where a multinational firm (MNE) is allowed to acquire or sell a productive asset in multiple segmented asset markets. The asset is used to produce a final good which can be sold in multiple countries, with segmented product markets, undergoing

Domestic R&D and Offshoring

DEFF Research Database (Denmark)

Junge, Martin; Sørensen, Anders

2017-01-01

survey and register data. No evidence is found for a lower probability of own R&D after offshoring takes place compared to before. Moreover, offshoring does not lead to lower R&D intensity in general. However, firms that offshore R&D activity have larger R&D intensity after offshoring has taken place...

Investigating the Process of Valuing Investments in Intangibles: A Case Study in Safety and Security in the Multinational Hotel Industry

OpenAIRE

Punpugdee, Nuttapon

2005-01-01

Safety and security have emerged as a major force driving change in the multinational hotel industry. As a problem area not well-developed in the literature but considered a crucial force influencing hotel firms' value by the multinational hotel community, safety and security provide an excellent opportunity for industry professionals and academic researchers to improve the value creation of multinational hotel firms. A research need is more urgent in the upscale sector of the industry, and t...

Organizational Adaptation in Offshoring

DEFF Research Database (Denmark)

Geisler Asmussen, Christian; Møller Larsen, Marcus; Pedersen, Torben

2016-01-01

Offshoring offers managers the promise of substantial economic benefits, but also comes with the risk of increased complexity and coordination challenges. We argue that offshoring firms must accumulate architectural knowledge to keep the cost of coordination of the geographically separated activi...

Impact on Employee Productivity From Presenteeism and Absenteeism: Evidence From a Multinational Firm in Sri Lanka.

Science.gov (United States)

Fernando, Mario; Caputi, Peter; Ashbury, Fred

2017-07-01

This study examines the effects of 13 psychological and physical health conditions on work productivity. One hundred fifty-two staff at the headquarters of a Sri Lankan multinational firm completed a questionnaire asking whether they experienced 13 health conditions common in workplaces, and about their related absenteeism and presenteeism. Most respondents (85.5%) reported absenteeism, presenteeism, or both. Among those reporting a health condition, 57.6% reported losing days due to absenteeism, and 69.5% reported losing additional days to presenteeism. Among those caring for a sick adult or child, 57.3% reported losing days due to absenteeism, and 36.5% reported losing additional days due to presenteeism. Overall productivity loss was 10.43 days each year, 3.95% of employee capacity, equating to about Sri Lanka Rupees 8 million (US$54,421) for all headquarters employees. The health conditions' effects on productivity significantly increased employee costs.

Business Communication Consulting and Research in Multinational Companies.

Science.gov (United States)

Hildebrandt, Herbert W.

1978-01-01

Describes three issues involved in communication research and consulting for multinational companies, particularly those in Germany: qualifications for doing international consulting and research, problems of American scholar-researchers in those firms, and suggestions for dealing with those issues. (JMF)

Firm Based Trade Models and Turkish Economy

Directory of Open Access Journals (Sweden)

Nilüfer ARGIN

2015-12-01

Full Text Available Among all international trade models, only The Firm Based Trade Models explains firm’s action and behavior in the world trade. The Firm Based Trade Models focuses on the trade behavior of individual firms that actually make intra industry trade. Firm Based Trade Models can explain globalization process truly. These approaches include multinational cooperation, supply chain and outsourcing also. Our paper aims to explain and analyze Turkish export with Firm Based Trade Models’ context. We use UNCTAD data on exports by SITC Rev 3 categorization to explain total export and 255 products and calculate intensive-extensive margins of Turkish firms.

A Cost-based Explanation of Gradual, Regional Internationalization of Multinationals on Social Networking Sites

DEFF Research Database (Denmark)

Pogrebnyakov, Nicolai

2017-01-01

of internationalization. Data on 5827 country pages of 240 multinational firms on Facebook, the most popular SNS today, is used. Creating a foreign country-specific Facebook page is considered the SNS equivalent of opening a physical subsidiary in that country. The data show that multinationals exhibit...

Knowledge protection strategies of multinational firms-A cross-country comparison

NARCIS (Netherlands)

de Faria, Pedro; Sofka, Wolfgang

International knowledge spillovers, especially through multinational companies (MNCs), have recently been a major topic of discussion among academics and practitioners. Most research in this field focuses on knowledge sharing activities of MNC subsidiaries. Relatively little is known about their

Do multinational retailers affect the export competitiveness of host countries?

OpenAIRE

Cheptea, Angela

2014-01-01

The paper investigates how the overseas activity of multinational retailers (MRs) affects the global export patters of host country firms. Recent empirical work testifies that the entry of foreign retailers leads to a productivity upgrade in the domestic upstream sectors. Combined with the main result of the new new international trade theory on firm heterogeneity, an increase in the export capacity of local firms should also follow. The current paper establishes a connection between these em...

Leveraging Offshore IT Outsourcing by SMEs through Online Marketplaces

NARCIS (Netherlands)

U.L. Radkevitch (Uladzimir); H.W.G.M. van Heck (Eric); O.R. Koppius (Otto)

2006-01-01

textabstractFollowing their larger counterparts, an increasing number of small firms outsource their IT tasks to lower cost offshore destinations. For small firms, however, offshore outsourcing is a difficult undertaking as it involves high transaction costs. Online marketplaces for IT services,

CULTURAL DIVERSITY AND HUMAN RESOURCE MANAGEMENT IN MULTINATIONAL COMPANIES

OpenAIRE

Flavian Clipa; Raluca Irina Clipa

2009-01-01

When the multinational firms employ human resources from different countries they have to submit to the restrictions concerning cultural differences. The paper is an attempt to show how the human resource management administrates these cultural differences.

How small firms contrast with large firms regarding perceptions, practices, and needs in the U.S

Science.gov (United States)

Urs Buehlmann; Matthew Bumgardner; Michael. Sperber

2013-01-01

As many larger secondary woodworking firms have moved production offshore and been adversely impacted by the recent housing downturn, smaller firms have become important to driving U.S. hardwood demand. This study compared and contrasted small and large firms on a number of factors to help determine the unique characteristics of small firms and to provide insights into...

Offshore Outsourcing Induced by Domestic Providers

OpenAIRE

Yutian Chen; Pradeep Dubey; Debapriya Sen

2005-01-01

We show that offshore outsourcing can occur even when there are no economies of scale or cost advantages for the foreign firms. What drives the phenomenon is that domestic firms, by accepting orders for intermediate goods, incur the disadvantage of becoming Stackelberg followers in the ensuing competition to sell the final good. Thus they have incentive to quote high provider prices to ward off future competitors, compelling them to outsource offshore.

CULTURAL DIVERSITY AND HUMAN RESOURCE MANAGEMENT IN MULTINATIONAL COMPANIES

Directory of Open Access Journals (Sweden)

Flavian Clipa

2009-09-01

Full Text Available When the multinational firms employ human resources from different countries they have to submit to the restrictions concerning cultural differences. The paper is an attempt to show how the human resource management administrates these cultural differences.

Multinational banks and credit growth in transition economics

NARCIS (Netherlands)

Haas, Ralph Theodoor Anna de

2006-01-01

This thesis examines the impact of multinational banks (MNBs) on the financial development of European transition countries. On the basis of our results, we conclude that the gradual deepening of the banking systems in Central and Eastern Europe and the Baltic countries (CEB) has enabled firms to

IS OFFSHORING AN INTERNATIONAL PROCESS

Directory of Open Access Journals (Sweden)

Paulo Roberto Gião

2012-01-01

Full Text Available This article proposes to analyze the applicability of transaction cost economics - TCE (Coase, 1937; Williamson, 1975, 1979 through its characteristic make-or-buy expression, considering the offshoring pace and emerging economy firms. The make-or-buy decision must be flexible enough to explain offshoring characteristics and developed and emerging economy firms scenarios. As secondary objectives, and to show the trail to the main purpose, two research questions were identified and discussed during the paper: Is offshoring process an international movement only from developed countries to emerging economies? Is the main reason of offshoring the looking for low-cost work / activities? To achieve the proposed objectives, the structure of this paper begins with a reasonable or acceptable definition of offshoring. Some reasons (or “the reason” for the process are also another important starting point. The majority of articles referee the idea that low-cost is the main reason for offshoring, and if it is correct, transaction cost economics seems to be a good basis for our analysis purpose and integrative intention. Also some literature connections between offshoring and TCE are presented and, naturally TCE is presented in highlights for understanding these connections. Ending this section, some different arguments based on newer researches are presented by some authors presenting another perspective as the main reason. After this theoretical approach, a scenario analysis and some discussions are presented based on all possible interactions among firm from developed (DC and emerging economies (EE and examples of international corporations are presented to clarify and improve the understanding of our research questions and to build new contributions to international business theory.

Viewing engineering offshoring in a network perspective

DEFF Research Database (Denmark)

Hansen, Zaza Nadja Lee; Zhang, Yufeng; Ahmed-Kristensen, Saeema

2013-01-01

of how to effectively manage engineering offshoring activities in a context of global engineering networks. The main research question, therefore, is: “Can offshoring of engineering tasks be explained and managed using the concept of Global Engineering Networks (GEN)?” Effective approaches to handling...... of large multinational corporations in Denmark were carried out. Data gathering was mainly documentary studies and interviews. The main data analysis approaches were coding (Strauss and Corbin) and pattern-matching (Yin). The dataset was analysed using the GEN framework suggested by Zhang et al. and Zhang...... by extending the GEN framework to address complications within engineering offshoring. This strengthens both academic fields, and will be able to help engineering managers to develop appropriate engineering network configurations for offshore engineering operations....

Comportements des firmes et commerce international

OpenAIRE

Joël Thomas Ravix; Olivier Sautel

2007-01-01

Growth of international outsourcing, has been a dominant feature of the international economy. Recent theoretical developments have focused on firm behaviour and its consequences on trade structure, through the introduction of the modern theory of the firm. In a first section, we link this new approach with previous explanations of vertical specialization (intra-industry trade and Multinational Corporation). In a second section, we present methodology and results of these new developments, wh...

Sequential Foreign Investments, Regional Technology Platforms and the Evolution of Japanese Multinationals in East Asia

OpenAIRE

Song, Jaeyong

2001-01-01

IVABSTRACTIn this paper, we investigate the firm-level mechanisms that underlie the sequential foreign direct investment (FDI) decisions of multinational corporations (MNCs). To understand inter-firm heterogeneity in the sequential FDI behaviors of MNCs, we develop a firm capability-based model of sequential FDI decisions. In the setting of Japanese electronics MNCs in East Asia, we empirically examine how prior investments in firm capabilities affect sequential investments into existingprodu...

The Organizational Design of Offshoring

DEFF Research Database (Denmark)

Larsen, Marcus M.

2014-01-01

The general research question guiding this thesis is: What are the organizational consequences of offshoring? Increasingly firms are becoming caught up by the “harsh realities of offshoring” (Aron and Singh, 2005: 135). Many firms have begun to realize that managing an increasingly globally dispe...

Capability Development in an Offshoring Context

DEFF Research Database (Denmark)

Jaura, Manya

Capability development can be defined as deliberate firm-level investment involving a search and learning process aimed at modifying or enhancing existing capabilities. Increasingly, firms are relocating advanced services to offshore locations resulting in the challenge of capability development ...

Are less developed countries more exposed to multinational tax avoidance?

DEFF Research Database (Denmark)

Johannesen, Niels; Tørsløv, Thomas Rasmusen; Wier, Ludvig

We use a global dataset with information on 210,000 corporations in 102 countries to investigate whether cross-border profit shifting by multinational firms is more prevalent in less developed countries. We propose a novel technique to study aggressive profit shifting and improve the credibility ...

Monitoring Costs and Multinational-Bank Lending

OpenAIRE

Ralph de Haas

2006-01-01

We use a two-country model to examine how endogenous changes in monitoring intensity and exogenous changes in monitoring efficiency affect multinational-bank lending. First, an endogenous decline in monitoring intensity limits the amount of deposits that banks can attract. This lowers bank lending. Shocks that reduce bank capital relative to firm capital therefore have a stronger negative effect on bank lending compared to a model with exogenous monitoring intensity. Second, international dif...

Going offshore or better staying in?

DEFF Research Database (Denmark)

Kreutzer, Fabian; Mitze, Timo

2017-01-01

We analyse the short- to mid-run effects of spatial relocation strategies on firm innovativeness and productivity growth. Using conditional difference-in-difference estimation with multiple treatments, we find for a sample of German firms in 1999–2013 that offshoring has a statistically significa...

Fine Slicing of the Value Chain and Offshoring of Essential Activities

DEFF Research Database (Denmark)

Linares-Navarro, Esmeralda; Pedersen, Torben; Pla-Barber, José

2014-01-01

The offshoring of more advanced activities is increasing and a debate about the limits of offshoring has emerged. Companies are fine-slicing their value chains, and moving beyond the offshoring of peripheral and non-core activities to the offshoring of advanced and essential activities that are c......The offshoring of more advanced activities is increasing and a debate about the limits of offshoring has emerged. Companies are fine-slicing their value chains, and moving beyond the offshoring of peripheral and non-core activities to the offshoring of advanced and essential activities...... that companies are redefining their core activities and in this process, some essential activities previously viewed as core activities are being detached from the core, and they become more offshorable. The study uses a sample of 565 offshoring operations conducted by 263 multinational companies from 15...... European countries. A logistic regression was used to analyze the relationship between the activities offshored (non-core versus essential activities) and the offshoring mode implemented (captive offshoring versus offshore outsourcing). We find that essential activities are typically offshored using...

Whether or Not to Prepare for Offshoring

DEFF Research Database (Denmark)

Møller Larsen, Marcus; Geisler Asmussen, Christian; Pedersen, Torben

2012-01-01

A consequence of offshoring is increased coordination costs. To counter this, firms can strive to identify a cost reducing organizational configuration either ex ante or ex post to the offshoring implementation. In this paper, we investigate the performance implications of these contrasting strat...

Why and how multinational enterprises can be value-creating organizations

NARCIS (Netherlands)

Hennart, J.M.A.

2015-01-01

Rugman made the valid point that Multinational Enterprises are value-creating organizations but in this piece I question his explanation of why this is the case. I argue that it is not, as Rugman proposed, because MNEs are better at safeguarding their firm-specific advantages (FSAs) but because

Multinational Firms and the Management of Global Networks

DEFF Research Database (Denmark)

De Marchi, Valentina; Maria, Eleonora Di; Ponte, Stefano

2014-01-01

This paper aims at enriching the literature on international business (IB) studies to include insights from Global Value Chain (GVC) analysis to better explain how MNCs can orchestrate a global network organization. A first important contribution of the GVC literature is that it shifts the focus...... from single firms to their value chains, providing instruments to study how activities are split and organized among different firms at the industry level, and how MNCs can implement different governing mechanisms within a network-based setting. The GVC literature also highlights that retailers (as...... can manage their network relationships in a global scenario. Finally, through their focus on upgrading, GVC studies suggest that knowledge flows and innovation dynamics taking place within value chains are as important as those taking place within the MNC’s organizational border. We conclude...

The Hidden Costs of Offshoring

DEFF Research Database (Denmark)

Møller Larsen, Marcus; Manning, Stephan; Pedersen, Torben

2011-01-01

of offshoring. Specifically, we propose that hidden costs can be explained by the combination of increasing structural, operational and social complexity of offshoring activities. In addition, we suggest that firm orientation towards organizational design as part of an offshoring strategy and offshoring......This study seeks to explain hidden costs of offshoring, i.e. unexpected costs resulting from the relocation of business tasks and activities outside the home country. We develop a model that highlights the role of complexity, design orientation and experience in explaining hidden costs...... experience moderate the relationship between complexity and hidden costs negatively i.e. reduces the cost generating impact of complexity. We develop three hypotheses and test them on comprehensive data from the Offshoring Research Network (ORN). In general, we find support for our hypotheses. A key result...

Offshore Companies and the Fiscal Paradise

OpenAIRE

CORINA ALEXANDRA VITELAR

2006-01-01

The present article introduces the reader in the problem of tax heaven and offshore companies. We tried to present, both positive and negative aspects of this problem. On one hand, this type of companies can help a multinational corporation in its economical and financial global projections, but, on the other hand, these companies can be use as extremely efficient instruments of tax evasion and money laundry

The Contribution of Local Environments to Competence Creation in Multinational Enterprises

DEFF Research Database (Denmark)

Andersson, Ulf; Dellestrand, Henrik; Pedersen, Torben

2014-01-01

This paper examines the competence development of subsidiaries in multinational enterprises. We analyze how local subsidiary environments affect the development of technological and business competencies among other units in the multinational enterprise. We test our predictions using data from 2......,107 foreign-owned subsidiaries located in seven European countries, by means of structural equation modeling — namely, LISREL. By bringing the local environment to the fore, we contribute to the literature on the emergence and determinants of firm-specific advantages. We link local subsidiary environments...... throughout the organization. Thus, we contribute to an enhanced understanding of location as a determinant of the creation of units of competence and centers of excellence within multinational enterprises. In other words, we demonstrate that country-specific advantages are beneficial for competence creation...

Gaining Flexibility and Innovation through Offshore Outsourcing

Directory of Open Access Journals (Sweden)

Michela Pellicelli

2018-05-01

Full Text Available Recently, offshore outsourcing has become extremely important for companies that compete worldwide. In many industries, only companies that manage to be competitive globally can aspire to attain sustainable competitive advantages. Therefore, offshore outsourcing has become essential for many companies and recently has become more and more a vital part of the long-term strategies of the leading firms. The rapidly shifting conditions in the marketplace is forcing management to constantly review and defend its core competencies. Management is now confronted with a higher level of complexity and disruptions brought about in particular by the new waves of globalization and the irresistible march of technological changes. For these reasons, offshore outsourcing is transforming the functions of the traditional firms into a network of competencies. The tendency to offshore most of the productive and economic activities and processes can lead companies to transform themselves into virtual organizations, where all the functions could be outsourced through the formation of flexible networks and agile organizational structures.

Commentary : Why and how can Multinational Enterprises be value-creating organizations?

NARCIS (Netherlands)

Hennart, Jean-Francois

2015-01-01

Rugman made the valid point that Multinational Enterprises are value-creating organizations but in this piece I question his explanation of why this is the case. I argue that it is not, as Rugman proposed, because MNEs are better at safeguarding their firm-specific advantages (FSAs) but because

The Organizational Design of Offshoring

DEFF Research Database (Denmark)

Ørberg Jensen, Peter D.; Larsen, Marcus M.; Pedersen, Torben

2013-01-01

Offshoring can be defined as the relocation of organizational tasks and services to foreign locations. At the same time as the scale and scope of offshoring have reached unprecedented levels in recent years, firms have increasingly been exposed to the challenges relating to managing an organizati...... implies an organizational reconfiguration consisting of three stages: disintegration, relocation and reintegration. We discuss the implications of this perspective and outline a research agenda....

Mental innovation space of Vietnamese agro-food firms

NARCIS (Netherlands)

De Koning, Jotte; Crul, Marcel; Engelen, van Johannes; Wever, Renee; Brezet, Johannes

2016-01-01

Purpose - Vietnamese agro-food firms are often small and have short value chains. They are facing increasing competition from multinationals to serve the consumers of the rising middle class. It is assumed that co-creation or open-innovation can be a competitive innovation strategy for the

International Investment Location Decisions: The Case of Korean firms into China

Directory of Open Access Journals (Sweden)

Hongshik Lee

2004-12-01

Full Text Available Recent literature maintains there are at least two explanations for the motivations of FDI, one involving trade barriers (horizontal-FDI and the other factor proportions hypothesis (vertical-FDI. The first view is that multinationals act in order to overcome trade barrier, and the second view is that multinationals arise to take advantage of international factor price differences. The purpose of this paper is to study the motivations of Korean foreign direct investment in China. Using the panel data on Korean FDI in China for the years 1988~2002, we examined the geographic determinants of direct investment in China from Korean firms. In doing so, we investigated, on the one hand, to what extent multinational activity is consistent with the factor proportions theory, i.e., to what extent multinational activity is related to cheap factor supplies. On the other hand, we study the market access motivation for multinational activity. Our econometric results suggest that factor proportions hypothesis is indeed the dominant influence on investor calculations for the early period of Korean FDI in China. Since end of 1990s, however, market-seeking FDI pattern is more common than FDI motivated by factor price differentials. We also find that the hypothesis that good-quality infrastructure is conducive to attracting FDI is not supported for Korean firms. Evidence supports the claim that regions with high degree of reform, which implement preferential treatments to foreign investors, still have advantage over other regions in attracting FDI. In sum, the findings in this paper indicate that Korean FDI for the early period of KorRecent literature maintains there are at least two explanations for the motivations of FDI, one involving trade barriers (horizontal-FDI and the other factor proportions hypothesis (vertical-FDI. The first view is that multinationals act in order to overcome trade barrier, and the second view is that multinationals arise to take

OFFSHORING FOR SUSTAINABLE VALUE MANAGEMENT

Directory of Open Access Journals (Sweden)

Thaddeus Oforegbunam Ebiringa

2014-05-01

Full Text Available This paper evaluates offshoring as a strategic value management initiative using Cadbury Nigeria Plc as a case study. Through offshoring risks associated with inventory holding are hedged. A comparative analysis of in-house and offshored cost profiles as well as critical risk factors that affect firm value are evaluated. The result shows that offshoring led to immediate costs saving, freeing of funds previously held in inventory for other working capital investments as well as profitability for vendors. However, aside financial benefits to partners, it leads to increased stakeholders awareness, shared values, partnerships, teamwork and risk mitigation. It therefore follows that for sustainability of financial benefits of offshoring, concerted effort must be made by partners to ensure that critical drivers of value management are not compromised.

A Simple Model of Offshore Outsourcing, Technology Upgrading and Welfare

OpenAIRE

Jung , Jaewon; Mercenier , Jean

2009-01-01

We adapt Yeaple's (2005) heterogeneous agents framework to model firms in the North as making explicit offshore outsourcing decisions to cheap-labor economies. Globalization results from a lowering of the set-up costs incurred when engaging in offshore activities. We highlight how firms'technology transformations due to global- ization will induce skill upgrading in the North, increase aggregate productivity, av- erage wages and therefore total welfare at the cost of increased wage inequaliti...

MultiNational Corporations work environment of brewing firms and employees productivity

Directory of Open Access Journals (Sweden)

Olugbenga Abiola OJO

2015-12-01

Full Text Available This study examined the multinational work environment and employee productivity by examining if the elements conducive work environment assists MNCs (multinational corporations employee to be motivated at work and if the provision of infrastructural facilities have a significant relationship on employee satisfaction that affect employee productivity. The data required for this study was gotten through the instrument of questionnaire. One hundred and twenty four (124 copies of questionnaire were administered out of which one hundred and thirteen (113 were retrieved for analysis. Three hypotheses were formulated from the structured research questions. Regression and correlational analysis were used to test the hypotheses through the statistical package for Social Sciences (SPSS 18.0. The result showed that conducive work environment assists MNCs employee to be motivated at work (R2 = 0.546, at P < 0.05 and that provision of infrastructural facilities have a significant relationship on employee satisfaction (0.699, at P < 0.05. The study therefore recommends among others that that organization should see conducive environment and infrastructural development as a way of helping them to continue being in businesses rather than seeing it as a means of luxury to achieve their desires because it has been proven that infrastructural facility development has assisted in enhancing employee satisfaction.

Regional Multinationals and the Korean Comestics Industry

OpenAIRE

Chang Hoon Oh; Alan M. Rugman

2007-01-01

This paper analyzes the market penetration and expansion strategy of cosmetics and toiletries multinational enterprises (MNEs) in South Korea from the perspective of regional strategy as developed recently by Rugman. We find that MNEs have different market entry and expansion strategies in the home region and in the foreign region. Home region MNEs (Japanese MNEs in this case), in general, utilize their firm-specific advantages (FSAs) better than foreign region MNEs (European and MNEs from th...

Corporate risk and external sourcing: A study of Scandinavian multinational firms

DEFF Research Database (Denmark)

Aabo, Tom; Pantzalis, Christos; Sørensen, Helle

2016-01-01

data by surveying Scandinavian non-financial firms. We find that highly international firms reduce corporate risk by externally sourcing from foreign suppliers both compared to sourcing from own production facilities abroad (due to superior flexibility) and compared to domestic sourcing (due...

Global Sourcing, Technology, and Factor Intensity: Firm-level Relationships

OpenAIRE

TOMIURA Eiichi

2007-01-01

This paper empirically examines how technology and capital intensity are related with the firm's global sourcing decision. Firm-level data are derived from a survey covering all manufacturing industries in Japan without any firm-size threshold. Firms are disaggregated by their make-or-buy decision (in-house or outsourcing) and by their choice of sourcing location (offshore or domestic). Capital-intensive or R&D-intensive firms tend to source in-house from their FDI affiliates rather than outs...

R&D activities in East Asia by Japanese, European, and US Multinationals

NARCIS (Netherlands)

Belderbos, R.A.

2006-01-01

We contribute to the expanding literature on the internationalization of R&D by providing evidence on the extent and pattern of R&D activities by European, Japanese, and US multinational firms in 10 Asian countries and regions: PR China, India, the Asian NIEs (South Korea, Taiwan, Hong Kong, and

THE MULTINATIONAL COMPANIES AND THE LOW-COST MARKETS OF SOUTH-EAST ASIA

Directory of Open Access Journals (Sweden)

Diaconu Laura

2009-05-01

Full Text Available In order to be considered a low-cost market, the cost advantage of one or more factors of production offered by a state – generally, a developing one – must be exploited by the multinational firms. Therefore, we may speak about these markets only after 19

Multinationals' accountability on sustainability: the evolution of third-party assurance of sustainability reports

NARCIS (Netherlands)

Perego, P.; Kolk, A.

2012-01-01

In this article we explore how multinational corporations (MNCs) adopt assurance practices to develop and sustain organizational accountability for sustainability. Using a panel of Fortune Global 250 firms over a period of 10 years, we document the diffusion patterns of third-party assurance of

Advanced Service Offshore Outsourcing

DEFF Research Database (Denmark)

Brandl, Kristin; Jensen, Peter D. Ørberg; Lind, Manya Jaura

2018-01-01

the capabilities, where the deficient development of one capability can be mitigated by the development of another capability (firm-internal determinants). Grounded in organization and service production theory, the paper contributes to the thematic literature on service offshoring and literature on organizational...

Redistributive taxation, multinational enterprises, and economic integration

OpenAIRE

Haufler, Andreas; Klemm, Alexander; Schjelderup, Guttorm

2008-01-01

Increased activity of multinational firms exposes national corporate tax bases to cross-country profit shifting, but also leads to rising profitability of the corporate sector. We incorporate these two effects of economic integration into a simple political economy model where the median voter decides on a redistributive income tax rate. In this setting economic integration may raise or lower the equilibrium tax rate, and it is more likely to raise the tax rate of a low-tax country. The impli...

How Subsidiaries Gain Power in Multinational Corporations

DEFF Research Database (Denmark)

Mudambi, Ram; Pedersen, Torben; Andersson, Ulf

2014-01-01

in multinational firms. Data collected from 2107 foreign-owned subsidiaries in seven European countries is used to test the hypotheses. The results indicate that mutual dependence and dependence imbalance provide strong explanations for subsidiary power. Furthermore, subsidiary power over strategic decisions...... in the MNC is gained through functional power, notably the possession of technological, rather than business-related, power or by the possession of both as they reinforce each other in strengthening the subsidiary's strategic power in the MNC network...

Danish Multinational Corporations in China

DEFF Research Database (Denmark)

Haakonsson, Stine Jessen

2017-01-01

markets, which are significantly different from MNCs' traditional locations. As globalisation progresses, internationalisation increasingly involves exploitation strategies, i.e., offshoring of production; market access; and exploration strategies such as internationalisation of innovation. This article......Multinational corporations (MNCs) strategise in a dynamic multi-polar world consisting of changing environments at home and abroad. They continuously face a new set of push- and pull-factors for internationalising activities. In recent decades, internationalisation has been reaching into emerging...... looks into how Danish MNCs have evolved into the Chinese economy, investigating the trajectories of how and when four Danish MNCs entered the Chinese economy and how the strategy patterns have emerged from cost reduction, to market access, and recently to innovation. Over 30 years, China has developed...

Dutch offshore skills assessed

Energy Technology Data Exchange (ETDEWEB)

Schaap, P

1988-11-01

The position is described of the different Dutch industries involved in the oil and gas exploitation business in the North Sea. Mentioned are, in the first place, the activities of towing services Smit Tak, and Wijsmuller. A well known drilling contractor is Neddrill. Drilling rigs are often designed in cooperation with consulting engineers firms Protech International, Heerema Engineering, Global Engineering, KTI, Fluor, and Tebodin. Drilling rigs constructors Grootint, Mercon Steel Structures, Heerema Havenbedrijf, HCG, Boele, and IHC have a sound name in the offshore construction scene. Offshore contractors like Heerema, Smit Tak, Volker Stevin and Allseas Engineering should be mentioned too. Special attention is given to the operation of saving drilling rigs in the Ekofisk field. Years of exploitation of oil and gas from this field resulted in subsidence of the sea floor, which endangered the drilling rigs. Hydraudyne designed the hydraulic lifter necessary for this saving operation. Dutch firms in this field have an estimated yearly turnover of Dfl 3 x 10/sup 9/. 6 figs.

The Intangible Assets of Korean Manufacturing Firms for Foreign Direct Investment

Directory of Open Access Journals (Sweden)

Sunghoon Hong

2004-12-01

Full Text Available This paper attempts to apply the intangible assets approach to the emerging multinational enterprises of Korea. More specifically, it tries to empirically analyze whether Korean firms investing in foreign markets possess more advanced intangible assets than those investing only in the domestic market, and whether Korean firms exploit different types of tangible assets in different host regions. The following conclusions have been drawn by analyzing the data on Korea manufacturing firms listed on the Stock Exchange. First, firms investing in foreign markets possess more advanced intangible assets than domestic market-oriented ones. More specifically, firms investing in the Western developed region are shown to be superior in the economies of scale, R&D, advertising intensity, capital intensity, and interfirm linkages, whereas those investing in the Asian developing region are superior only in the economies of scale and organizational skills. This implies that Korean firms operating in developed countries seem to exploit a wider range of intangible assets to address intense competition and sophisticated demand in the host markets. And, when firms investing in the developed and developing regions are compared directly, the former group are found to exploit technological capability and interfirm linkages more intensively. Second, availability of internal funds and human capital intensity do not show statistical significances, implying that these abilities are not different between firms investing in foreign markets and the domestic market. Third, Korean multinational enterprises are more similar to Japanese than Western ones in terms that they actively exploit organizational skills and interfirm network. Nonetheless, these conclusions have been derived by analyzing the data on parent firms, based on the assumption that Korean overseas subsidiaries commonly share the intangible assets of their parents. This weakness is mainly due to the limited

Why do firms hold so much cash? A tax-based explanation

OpenAIRE

C. Fritz Foley; Jay C. Hartzell; Sheridan Titman; Garry Twite

2006-01-01

U.S. corporations hold significant amounts of cash on their balance sheets, and these cash holdings have been justified in the existing empirical literature by transaction costs and precautionary motives. An additional explanation, considered in this study, is that U.S. multinational firms hold cash in their foreign subsidiaries because of the tax costs associated with repatriating foreign income. Consistent with this hypothesis, firms that face higher repatriation tax burdens hold higher lev...

Multinational Enterprises and Social Capital as Location Factor

DEFF Research Database (Denmark)

Pedersen, Kurt; Svendsen, Gunnar L.H.; Svendsen, Gert Tinggaard

2013-01-01

across borders. We review the literature and identify a gap regarding social capital as a potential instrument for reducing the level of volatility. An existing stock of social capital may be advantageous not only to the host country but also to the MNE in the sense that optimal in-company resource......It is generally assumed that multinational enterprises (MNEs) are more volatile than local firms. From the viewpoint of host countries, the volatility of MNE subsidiaries is often seen as a problem. Therefore it becomes relevant to look for ways to reduce the volatility of multinational activity...... allocation and profits could be improved even further. Thus, the dominating theory of FDI (Foreign Direct Investment), the eclectic paradigm as developed by John Dunning, offers a relevant opportunity to fill a gap in the literature and include social capital in FDI decisions as a new location factor....

Essays on Multinational Production and International Trade

DEFF Research Database (Denmark)

Clementi, Federico

This Thesis consists of an introduction followed by three independent chapters. Each chapter is a self-contained paper that can be read independently. They cover different topics of international economics with a specific focus on multinational production and international trade. A common feature...... the intensity of spillovers to local suppliers. Domestic firms benefit only from the activity of foreign clients that are not vertically integrated in their industry. In the last chapter, I use a detailed dataset of international transactions of Danish companies to study the impact of Chinese competition...

Learning Paths to Offshore Outsourcing

DEFF Research Database (Denmark)

Maskell, Peter; Pedersen, Torben; Petersen, Bent

A corporation’s offshore outsourcing may be seen as the result of a discrete, strategic decision taken in response to an increasing pressure from worldwide competition. However, empirical evidence of a representative cross-sector sample of international Danish firms indicates that offshore sourcing...... in low-cost countries is best described as a learning-by-doing process in which the offshore outsourcing of a corporation goes through a sequence of stages towards sourcing for innovation. Initially, a corporation’s outsourcing is driven by a desire for cost minimization. Over a period of time...... the outsourcing experience lessens the cognitive limitations of decision-makers as to the advantages that can be achieved through outsourcing in low-cost countries: the insourcer/vendor may not only offer cost advantages, but also quality improvement and innovation. The quality improvements that offshore...

The internationalisation of Indian multinationals: determinants of expansion through acquisitions

OpenAIRE

Rienda, Laura; Claver-Cortés, Enrique; Quer, Diego

2013-01-01

In recent years, there is an increasing number of papers focusing on the internationalisation process of Indian multinationals. However, there is still a gap in understanding the determinants of their outward foreign direct investment (FDI) decisions. Thus, this paper analyses the factors influencing the choice between FDI modes by Indian firms. Our findings show that industry technological intensity, host country risk, host market attractiveness, previous international experience and the vol...

Offshoring and access to location-specific advantages - the impact of governance mode and function

DEFF Research Database (Denmark)

Mykhaylenko, Alona; Motika, Agnes; Wæhrens, Brian Vejrum

how access to particular offshoring advantages may provide this link. The results of a quantitative survey of more than 1000 Scandinavian firms show that certain offshoring factors (governance mode and type of offshored function) indeed impact the access a company acquires to certain offshoring...... advantages, which may explain the unpredictability of previous performance outcomes....

Foreign investment, divestment and relocation by Japanese electronics firms in East Asia

NARCIS (Netherlands)

Belderbos, R.A.; Zou, J.

2006-01-01

Although foreign divestment and international relocation by multinational firms carry important economic implications for the industrialization of East Asian countries, there has been little empirical research on these issues. In this paper we analyze the magnitude and pattern of foreign divestment

Knowledge Transfer and Accommodation Effects in Multinational Corporations

DEFF Research Database (Denmark)

Geisler Asmussen, Christian; Foss, Nicolai J.; Pedersen, Torben

2013-01-01

Foreign subsidiaries in multinational corporations (MNCs) possess knowledge that has different sources (e.g., the firm itself or various sources in the environment). How such sources influence knowledge transfer is not well understood. Drawing on the "accommodation effect" from cognitive psychology...... if a certain tipping point of internally sourced knowledge has been surpassed. This suggests that subsidiary knowledge stocks that are balanced in terms of their origins tend to be more valuable, congruous, and fungible, and therefore more likely to be transferred to other MNC units...

Multinational repositories: Ethical, legal and political/public aspects

International Nuclear Information System (INIS)

Boutellier, C.; McCombie, C.; Mele, I.

2006-01-01

Concepts for shared multinational repositories face a great challenge in achieving acceptance, despite the fact that they promise advantages in safety, security, environmental protection and costs. When considering advantages of shared multinational repositories, it is instructive to examine which are the ethical, legal and political issues that mostly affect the feasibility of implementing such facilities. This paper addresses the key questions from two opposite sides. The early part takes a 'top-down' view, looking at the international debate on ethical issues, summarising a wide range of national political attitudes and identifying relevant international legislation and treaties. The latter looks 'bottom-up' at the problem, by discussing the situation of a small country, Slovenia. Slovenia has limited financial resources for implementing disposal - but it has a firm commitment to fulfilling its responsibilities for safely managing all Radioactive Wastes (RAW) arising in the country. Strategies considered to do so are laid out in this paper. (author)

How Foreignness can be an Asset and a Liability for Firms

DEFF Research Database (Denmark)

Zimmermann, Jörg; Sofka, Wolfgang

2014-01-01

Many modern firms compete globally. However, research is inconclusive on whether foreignness provides an asset or a liability in competition with domestic firms. We argue that foreign MNC subsidiaries are not per se advantaged or disadvantaged. We suggest that the distinction originates from...... the nature of the subsidiary’s activity in the host country. We focus on two activities: knowledge search and deployment. We predict theoretically that domestic firms have advantages from their embeddedness in the host country when they search for knowledge. However, foreign MNC subsidiaries have advantages...... in knowledge deployment because they draw from a richer, international knowledge pool. Still, these advantages accrue to all multinational firms, foreign and domestic. We test and support these predictions for a longitudinal dataset of 2900 firm observations in Spain. We develop recommendations for research...

THE SOCIAL RESPONSIBILITY OF THE FIRMS AND ETHICS IN BUSINESS

Directory of Open Access Journals (Sweden)

SCUTARU LILIANA

2013-04-01

Full Text Available The ample process of the sustainable development in which all the firms are involved, larger or smaller, determines them to reconsider their business politics and to turn to the demands of the environmental protection and social cohesion, concurrently with the increase of the profits that represent the main motivation of a firm existence. This paper addresses the issue of corporate social responsibility and moral behavior adoption in activities developed resulted in codes of business conduct. The concept of social responsibility has been widely debated over the years for the adoption and implementation by companies of ethical behavior in business. Ethics in business takes account of an ethical perspective on the way in which a company or an individual understands to do business, meaning a set of principles that should lead business conduct, both at individual and organization level. In Romania, the actions of social responsibility had a modest start, developing gradually through the experience brought by multinational companies. More and more firms understand what impact their activities have on their own employees, their customers, shareholders, the community and on the surrounding environment. The analysis effectuated on the companies which develop their activity in Romania show that, for the most part, only the multinational firms fulfill the demands for the realization of the concept of social responsibility and have at the same time, established conduct codes in the business they make.

Does Tax Haven FDI Influence Firm Performance?

OpenAIRE

Dewit, Gerda; Jones, Chris; Leahy, Dermot

2017-01-01

This paper provides theoretical and empirical evidence of the link between the use of tax haven subsidiaries by multinational enterprises (MNEs) and firm performance, as measured by total factor productivity. We find that the use of tax havens has no impact on economic dynamism for a sample of MNEs from across the OECD. Our results have significant policy implications in terms of the role of tax havens in the world economy.

Innovation Drivers, Value Chains and the Geography of Multinational Firms in European Regions

OpenAIRE

Riccardo Crescenzi; Carlo Pietrobelli & Roberta Rabellotti

2012-01-01

"This paper investigates the geography of multinational corporations’ investments in the EU regions. The ‘traditional’ sources of location advantages (i.e. agglomeration economies, market access and labour market conditions) are considered together with innovation and socio-institutional drivers of investments, captured by means of regional social filter conditions. The introduction of a wider set of attraction factors makes is possible to empirically assess the different role played by such ...

Innovation drivers, value chains and the geography of multinational firms in European regions

OpenAIRE

Riccardo Crescenzi; Carlo Pietrobelli; Roberta Rabellotti

2012-01-01

This paper investigates the geography of multinational corporations’ investments in the EU regions. The ‘traditional’ sources of location advantages (i.e. agglomeration economies, market access and labour market conditions) are considered together with innovation and socio-institutional drivers of investments, captured by means of regional “social filter” conditions. The introduction of a wider set of attraction factors makes is possible to empirically assess the different role played by such...

Managing Hidden Costs of Offshoring

DEFF Research Database (Denmark)

Larsen, Marcus M.; Pedersen, Torben

2014-01-01

This chapter investigates the concept of the ‘hidden costs’ of offshoring, i.e. unexpected offshoring costs exceeding the initially expected costs. Due to the highly undefined nature of these costs, we position our analysis towards the strategic responses of firms’ realisation of hidden costs....... In this regard, we argue that a major response to the hidden costs of offshoring is the identification and utilisation of strategic mechanisms in the organisational design to eventually achieving system integration in a globally dispersed and disaggregated organisation. This is heavily moderated by a learning......-by-doing process, where hidden costs motivate firms and their employees to search for new and better knowledge on how to successfully manage the organisation. We illustrate this thesis based on the case of the LEGO Group....

The Regional Sales of Multinationals in the World Cosmetics Industry

OpenAIRE

Chang Hoon Oh; Alan M. Rugman

2006-01-01

This paper analyzes the regional characteristics and strategies of multinational enterprises (MNEs) in the world cosmetics and toiletries industry, based on the new work by Rugman on regional strategy. We test the proposition that MNEs may asymmetrically develop their upstream and downstream firm specific advantages (FSAs). We find that the upstream activities of the MNEs in cosmetics are home region based but that downstream activities are less so. Further, the asymmetry of FSAs in the world...

Tax Haven Networks and the Role of the Big 4 Accountancy Firms

OpenAIRE

Jones, Christopher M; Temouri, Yama; Cobham, Alex

2017-01-01

This paper investigates the association between the Big 4 accountancy firms and the extent to which multinational enterprises build, manage and maintain their networks of tax haven subsidiaries. We extend internalisation theory and derive a number of hypotheses that are tested using count models on firm-level data. Our key findings demonstrate that there is a strong correlation and causal link between the size of an MNE’s tax haven network and their use of the Big 4. We therefore argue that p...

What has led the automotive industry to offshore engineering services to low cost countries?

DEFF Research Database (Denmark)

Simplay, Steve; Hansen, Zaza Nadja Lee

2013-01-01

of this area and present a case study of a global multinational premium automotive organization with headquarters in Germany. The findings showed that an outsourced offshore delivery center is multi-dimensional and difficult to manage when faced with such complexity.The case company decided to outsource again...... to a specialized third party, also with headquarters in Germany, to minimize complexity. This paper adds to theoretical knowledge in the field by expanding on existing research in diversified areas and gives practitioners insights into why the premium automotive organization outsourced offshore, what the drivers...

Globalization, Credence Goods and International Civil Society

OpenAIRE

Krautheim, Sebastian; Verdier, Thierry

2012-01-01

The process of globalization is characterized by an impressive growth in global value chains, as well as the proliferation of non-governmental organizations (NGOs) interacting with production and sourcing decisions of multinational firms. In this paper, we present a simple North-South model of international trade allowing for the joint emergence of firm offshoring to South and NGO activism financed by donations from the civil society. In our model northern consumers care about unobservable “c...

Getting the Most from Offshoring

DEFF Research Database (Denmark)

Slepniov, Dmitrij; Wæhrens, Brian Vejrum

2015-01-01

Tapping into global resources is supposed to improve performance and contribute to a firm’s competitive advantage. However, a high offshoring quota may also lead to erosion of the firm’s home base capabilities and have wider negative implications for both the home base site position and the firm...... and network orchestration....

Komi oil spill - An assessment by a multinational team

Energy Technology Data Exchange (ETDEWEB)

Devenis, P.

1995-12-31

The mission objectives, findings of an on-site visit, and recommendations of a multinational United Nations team who assessed the Komi oil spill in Russia were discussed, combined with a discussion of the findings and field work of Russian investigators, whose work preceded that of the UN team. Concern was expressed over spring flooding as a unique problem that might well complicate the cleanup. Areas of serious concern were identified by the group and recommendations for remediation were made, and described in detail. It was found that the multinational team approach was a successful answer in this particular situation in that the diverse backgrounds and experiences of the team members resulted in better solutions and recommendations for remediation than would have been possible otherwise. Access to information provided by EMERCOM (the Russian Ministry for Emergency Response to Natural Disasters) and the Russian consulting firm, helped the UN team in overcoming time constraints and other obstructions affecting their work. 5 refs., 2 figs.

Key Success Factors of Innovation in Multinational Agri-food Prospector Companies

OpenAIRE

Fortuin, F.T.J.M.; Batterink, M.H.; Omta, S.W.F.

2007-01-01

The Wageningen Innovation Assessment Tool (WIAT) compares the self assessment of the drivers and barriers to innovation at the company level and the critical success and failure factors of innovation at the project level with data of agrifood prospector firms around the world. In total 46 innovation projects, 11 successfully concluded and 6 failed projects, as well as 29 running projects in 12 multinational agrifood prospector companies in the Netherlands and France, two innovation consortia ...

Multinational Enterprises and New Trade Theory: Evidence for the Convergence Hypothesis

OpenAIRE

Barrios, Salvador; Görg, Holger; Strobl, Eric

2001-01-01

According to the ‘convergence hypothesis’ multinational companies will tend to displace national firms and trade as total market size increases and as countries converge in relative size, factor endowments, and production costs. Using a recent model developed by Markusen and Venables (1998) as a theoretical framework, we explicitly develop empirical measures to proxy bilateral FDI between two countries and address their properties with regard to the convergence hypothesis. Using a panel of da...

Multinationals and plant survival

DEFF Research Database (Denmark)

Bandick, Roger

2010-01-01

The aim of this paper is twofold: first, to investigate how different ownership structures affect plant survival, and second, to analyze how the presence of foreign multinational enterprises (MNEs) affects domestic plants’ survival. Using a unique and detailed data set on the Swedish manufacturing...... sector, I am able to separate plants into those owned by foreign MNEs, domestic MNEs, exporting non-MNEs, and purely domestic firms. In line with previous findings, the result, when conditioned on other factors affecting survival, shows that foreign MNE plants have lower survival rates than non......-MNE plants. However, separating the non-MNEs into exporters and non-exporters, the result shows that foreign MNE plants have higher survival rates than non-exporting non-MNEs, while the survival rates of foreign MNE plants and exporting non-MNE plants do not seem to differ. Moreover, the simple non...

How companies evaluate their offshore outsourcing activities? : A study of the challenges and opportunities associated with outsourcing to different countries

OpenAIRE

Attias, Irina

2014-01-01

Companies outsource their manufacturing for cutting costs and to be able to concentrate on their core competences. Offshore outsourcing reached its peak less than 10 years ago but nevertheless today’s literature has started to argue whether offshoring brings true long-term profits for companies that practice it. Whereas many multinational enterprises work on bringing their production back to their home countries, small and microenterprises seem to have only the ...

An assessment of the moderating role of employees’ cultural orientations amongst foreign manufacturing multinational companies in Kenya

Directory of Open Access Journals (Sweden)

Beatrice A. Dimba

2013-09-01

Research purpose: Specifically, this study sought to investigate the extent to which employee cultural orientations moderate the link between SHRM practices and firm performance in large foreign manufacturing multinational companies in Kenya. Motivation for the study: Large foreign multinational companies have generally applied SHRM practices without adaptation when trying to improve employee performance even though resource based perspectives argue for the consideration of employees’ cultural orientations. Research design, approach and method: SHRM practices were conceptualised as independent variables measured through distinct practices. Organisational performance as a dependent variable was measured using constructs of image, interpersonal relations, and product quality. Cultural dimensions adopted for this study were power distance, uncertainty avoidance, individualism or collectivism, and masculinity or femininity. The above conceptual framework was tested by the use of both quantitative and qualitative techniques with data from fifty (50 large foreign multinational companies operating in Kenya. Main findings: Findings indicated that the relationship between SHRM practices and firm performance depend to a greater extent on employee cultural orientations when power distance is considered. Power distance (PD refers to the extent of people accepting that power in institutions and organisations when distributed unequally. The greater the PD, the greater the acceptance of this inequality. Practical/managerial implications: The study supported the notion that the relationship between SHRM practices and firm performance is moderated by power distance through motivation but not by the other three bipolar dimensions namely, Uncertainty Avoidance, Masculinity or Femininity and Individualism or Collectivism. Contribution/value-add: This is the first large-scale empirical article that has focused on the moderating role of employees’ cultural orientations in large

A MULTINATIONAL COMPANY PROBLEM: INFILTRATING INTO THE CLUSTERS TO GAIN COMPETITIVE EDGE IN THE TRADITIONAL MARKETS

Directory of Open Access Journals (Sweden)

Murat KOC

2014-07-01

Full Text Available This paper is concerned with one of the main challenges of the Multinational Companies which they face in the traditional and thus in local markets. Multinational Companies aims to gain competitive advantage through differentiation in terms of their globalization strategy. However, in the local markets where the organic relationship of firms are more designed in local habits, and markets react with stable consumer behaviors, it gets harder to enter into market and drive a competitive edge. This paper aims to understand the reasons of this challenge, the analysis of resistance of traditional markets, successful sample breaking into local market and the strategy around it.

Offshore newcomer : world-scale megaproject spawns international-calibre skills and facilities

International Nuclear Information System (INIS)

Sorensen, D.

1997-01-01

The development of Hibernia marked the beginning of Newfoundland's booming oil industry. The offshore platform located 300 km offshore in the Grand Banks of Newfoundland has an estimated 615 million barrels of recoverable reserves to be produced at a projected average rate of 135,000 barrels per day. Newfoundland personnel and facilities acquired much expertise during the building of the offshore facility and are ready to enter the world market for oil and gas services and supplies. Newfoundland's biggest operations are the fabrication yards at Bull Arm and Marystown which have the capacity for steel fabrication, concrete construction, outfitting installation, hook-up and commissioning of industrial facilities. Plans are currently underway for the Terra Nova project. Newfoundland also has a strong labor force, with international calibre skills. The capacity is here, and as confidence in that capability increases, Newfoundland firms are beginning to form partnerships with international firms. 6 figs

ANALYSIS OF FOREIGN DIRECT INVESTMENTS ENGAGED BY JAPANESE MULTINATIONAL COMPANIES

Directory of Open Access Journals (Sweden)

CODRUŢA DURA

2011-01-01

Full Text Available In recent years, the most visible feature of globalization was the new trend of the capital flow which moves from the stage of nternalization to the stage of transnationalization. The decisive factor that led to this development was the trans-nationalization of production/ distribution networks by multinational companies (MNCs. MNCs, which are also frequently referred to as transnational corporations (TNCs, are conglomerate organizations which carry out multiple and diverse economic activities and they consists of a parent company and a large number of subsidiaries operating in various countries of the world. Japan has been worthy of note on the international business scene not only by the high competitiveness of its companies on the global markets, but especially through the transnationalization of the activities of these enterprises, a process which has resulted in the implementation, via Foreign Direct Investments (FDI of Japanese production units abroad, with significant positive impact both on the global economy and on the domestic economy. A great number of empirical studies since the mid-1990s, using firm-level data, have shown that multinational companies (MNCs dominate today the Japanese business environment. The paper puts together the findings of some interesting working papers published by Japanese researchers in recent years, trying to provide a scientific answer to the following question: “In what way do FDI undertaken by MNCs influence the level of performances achieved by Japanese companies at home?” The conclusion is that FDI and the activity carried out by Japanese MNCs abroad have indubitable positive effects on both countries and firms involved - such as raises in production, employment and productivity at firms’ level or increases in competition intensity among firms, improvements in real wage and welfare at macroeconomic level.

Getting the most from offshoring

DEFF Research Database (Denmark)

Wæhrens, Brian Vejrum; Slepniov, Dmitrij; Johansen, John

2014-01-01

Tapping into global resources is supposed to improve performance and contribute to a firm’s competitive advantage. However, a high offshoring quota may also lead to erosion of the firm’s home base capabilities and have wider negative implications for both the home base site position and the firm...... as a whole. The purpose of this paper is to conceptualize this scenario and propose how its adverse impacts can be addressed. From previous studies we know that the roles and mandates of home based sites of offshoring companies are changing from broad scoped manufacturing towards innovation and network...... orchestration. On the basis of the findings from the survey, series of workshops and case studies of Danish companies presented in this paper, we seek to determine the longer term effects of offshoring for home based sites. We conceptualize the findings in a framework and close with discussing the need...

Multinationals' accountability on sustainability: the evolution of third-party assurance of sustainability reports

OpenAIRE

Perego, P.; Kolk, A.

2012-01-01

In this article we explore how multinational corporations (MNCs) adopt assurance practices to develop and sustain organizational accountability for sustainability. Using a panel of Fortune Global 250 firms over a period of 10 years, we document the diffusion patterns of third-party assurance of sustainability reports. We specifically investigate how evolving auditing practices, namely diversity of assurance standards and type of assurance providers, shape the quality of sustainability assuran...

Multinational Corporation and International Strategic Alliance

Institute of Scientific and Technical Information of China (English)

陆兮

2015-01-01

The world is now deeply into the second great wave of globalization, in which product, capital, and markets are becoming more and more integrated across countries. Multinational corporations are gaining their rapid growth around the globe and playing a significant role in the world economy. Meanwhile, the accelerated rate of globalization has also imposed pressures on MNCs, left them desperately seeking overseas alliances in order to remain competitive. International strategic alliances, which bring together large and commonly competitive firms for specific purposes, have gradual y shown its importance in the world market. And the form of international joint venture is now widely adopted. Then after the formation of alliances, selecting the right partner, formulating right strategies, establishing harmonious and effective partnership are generally the key to success.

The dual role of local sites in assisting firms with developing technological capabilities: Evidence from China

DEFF Research Database (Denmark)

Wang, Yuandi; Zhou, Zhao

2013-01-01

.g., knowledge, human capital) and the role of motivating multinational companies (MNCs) to upgrade their local operations in developing countries so as to perform more innovation activities. Few articles are presented that examine the role of local sites in the learning and technological-capability building......, and the collaborations with local industrial community firms positively influence the relationship between firms' international inward technology licensing and technological capabilities. (C) 2012 Elsevier Ltd. All rights reserved....

IT OUTSOURCING AND REDEFINITION OF THE SUBSIDIARY ROLE: A COMPARATIVE STUDY BETWEEN THE BRAZILIAN AND THE INDIAN SUBSIDIARIES OF AN AMERICAN MULTINATIONAL

Directory of Open Access Journals (Sweden)

Marco Aurélio da Silva

2009-08-01

Full Text Available Global outsourcing, also known as offshoring, has become a major phenomenon in the IT industry.Responsibilities have been transferred to IT suppliers worldwide. A key element of this strategic changeoccurred in the IT sector is the growing importance of emerging economies, such as Brazil and India, asoffshoring suppliers. A stream of the literature on international business has analysed which factors mayaffect the evolution of a subsidiary within a multinational. This paper aims to analyse how exportingoutsourcing IT services can redefine the role of a subsidiary within a corporation and, consequently changeits strategic relevance. Empirical research compared the offshoring activities of two subsidiaries –Brazilianand Indian – of an American IT multinational. In particular, the empirical research focussed on howsubsidiary choice, head office assignment and environment determinism factors interact to each other inorder to determine the evolution of each subsidiary. The results have demonstrated that the Indiansubsidiary trajectory was essentially determined by the development of its resources, innovation,governmental support and entrepreneurship. The Brazilian subsidiary trajectory in turn was mostlyinfluenced by head office assignment and subsidiary performance. A comparative analysis between the two cases has demonstrated how these aspects have altogether determined why these subsidiaries have evolveddifferently from each other. Most importantly, this paper argues that management capacity and subsidiaryleadership are critical elements to understand the evolution of a multinational subsidiary trajectory.

Failing to Estimate the Costs of Offshoring

DEFF Research Database (Denmark)

Møller Larsen, Marcus

2016-01-01

This article investigates cost estimation errors in the context of offshoring. It is argued that an imprecise estimation of the costs related to implementing a firm activity in a foreign location has a negative impact on the process performance of that activity. Performance is deterred...... as operations are likely to be disrupted by managerial distraction and resource misallocation. It is also argued that this relationship is mitigated by the extent to which firms use modularity to coordinate the activity but worsened by the extent to which ongoing communication is used. The results, based...

The (R)evolution of China: Offshore Wind Diffusion

DEFF Research Database (Denmark)

Poulsen, Thomas; Hasager, Charlotte Bay

2017-01-01

This research presents an industry level gap analysis for Chinese offshore wind, which serves as a way to illuminate how China may fast track industry evolution. The research findings provide insight into how the Chinese government strongly and systematically decrees state-owned Chinese firms to ...

Global integration in times of crisis

DEFF Research Database (Denmark)

Jensen, Camilla

shock) from other subsidiaries downstream in the value chain. While in a comparative perspective multinational subsidiaries are found to perform relatively better than local firms that are integrated differently (arms' length) in global production networks (e.g. offshoring outsourcing). This paper tries...... to reconcile these findings by testing a number of hypothesis about global integration strategies in the context of the global financial crisis and how it affected exporting among multinational subsidiaries operating out of Turkey. Controlling for the impact that depreciations and exchange rate volatility has...... integration strategies throughout the course of the global financial crisis....

Trade Adjustments to Exchange Rate Changes by Japanese Manufacturing MNEs: Intra-firm and arm's length transactions

OpenAIRE

ANDO Mitsuyo; KIMURA Fukunari

2013-01-01

This paper examines how Japanese manufacturing multinational enterprises (MNEs) adjust to exchange rate changes. Using the micro-data of Japanese manufacturing MNEs from 1994 to 2010, we find that exports tend to respond to exchange rate changes, in particular when wholly or majority-owned affiliates are dominant among their foreign affiliates and when intra-firm trade ratios are higher. Moreover, the responsiveness to exchange rate changes is higher for intra-firm exports than for total expo...

Institutionalism and culture in strategies of multinational firms: the case of Johnson controls Inc.

Directory of Open Access Journals (Sweden)

José G. Vargas-Hernández

2013-07-01

Full Text Available The aim of this paper is to analyze both the internal and external aspects that may pose a risk to the operations of the subsidiaries of the multinational Johnson Controls Inc. in the U.S. and Mexico from an institutional point of view. The main challenges are the impact in the achievement of goals both of workers and of the same organization and the influence institutions have on the organizational environment, for the decommissioning of some branch/ subsidiary.

An empirical examination of the influence of industry and firm drivers on the rate of internationalization by firms

Science.gov (United States)

Elango, B.

A gradual shift in U.S. firms' 'center of gravity' toward international markets is taking place. This study seeks to explain which drivers are related to this push toward international markets by U.S. firms. In addressing internationalization, previous research has not focused on various drivers that influence the rate of internationalization. Drivers refer to forces, both within and outside the firm, that impact (both positively and negatively) a firm's extent of internationalization. The role of these drivers on the rate of internationalization, though acknowledged in the literature, is yet to be validated through empirical research. This research seeks to narrow the gap in the literature by testing the various relationships among industry drivers, firm drivers, and the rate of internationalization. The objectives of this study are: (A) To develop a conceptual framework that takes into account various forces that influence the internationalization strategy of a firm; (B) To examine empirically (a) the influence of industry drivers on the rate of internationalization pursued by firms; and, (b) the influence of firm drivers on the rate of internationalization by firms. The sample for this study consists of 158 large U.S.- based multinational firms drawn from seven different industries. Data for the study is gathered from a variety of sources including the U.S. Department of Commerce, Bureau of Economic Analysis; COMPUSTAT; and WORLDSCOPE databases. Set-wise regression models were used for data analysis. This study found that global market growth rate, domestic market growth rate, relative size of domestic market to international market, employee productivity, administrative investments, as well as new plant and equipment influences the international strategy of firms. This study explains about 24 percent of the variance of the rate of internationalization. This research finding is contributory to our existing understanding of internationalization in many ways

Determinants of R&D Offshoring: Firm-level Evidence from a Small Open Economy

OpenAIRE

MURPHY GAVIN; SIEDSCHLAG IULIA

2018-01-01

We analyse determinants of an enterprise’s decision to offshore R&D activities using a novel dataset for enterprises in Ireland over the period 2001-2006. Our results suggest that, on average, other things equal, enterprises integrated in international production and innovation networks, and enterprises which used information and communication technologies (ICT) more intensively were more likely to offshore R&D. Furthermore, characteristics of the import source region had an important influen...

Global Cities and Multinational Enterprise Location Strategy

DEFF Research Database (Denmark)

Goerzen, Anthony; Geisler Asmussen, Christian; Nielsen, Bo Bernhard

2013-01-01

We combine the concept of location derived by economic geographers with theories of the multinational enterprise (MNE) and the liability of foreignness developed by international business scholars, to examine the factors that propel MNEs toward, or away from, “global cities”. We argue that three...... distinctive characteristics of global cities – global interconnectedness, cosmopolitanism, and abundance of advanced producer services – help MNEs overcome the costs of doing business abroad, and we identify the contingencies under which these characteristics combine with firm attributes to exert......- and subsidiary-level factors, including investment motives, proprietary capabilities, and business strategy. Our study provides important insights for international business scholars by shedding new light on MNE location choices and also contributes to our understanding of economic geography by examining...

Multinational ownership and R&D intensity: The role of external knowledge sources and spillovers

OpenAIRE

De Beule, Filip; Van Beveren, Ilke

2011-01-01

This paper analyzes the drivers of multinational affiliates' R&D intensity, using a unique dataset based on the fourth Community Innovation Survey for Belgium. Specifically, we investigate the role of foreign affiliates' local (host country) embeddedness and of host country spillovers on foreign affiliates' research efforts. Our findings show that foreign affiliates who are able to tap into local knowledge sources demonstrate a higher research intensity, compared to firms lacking such access....

Use of Information Technology in Business Processes In Pakistani and Multinational Pharmaceutical Companies in Korangi.

Directory of Open Access Journals (Sweden)

IRFAN UL HASAN

Full Text Available This study presents an analysis of IT use and Business Processes (BP in Korangi pharmas. Information system usage and manufacturing performance are moderately associated within the sample. There is little difference in the utilization of IT between the multinational and Pakistani firms. The main deficiency of utilization are in decision support systems and external integration functions. Suggestions are presented for increasing effectiveness of IT use in business process

O Processo de Offshoring Internacional Ocorre Apenas de Países Desenvolvidos para as Economias Emergentes?

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Paulo Roberto Gião

2012-07-01

Full Text Available The offshoring business is booming and what was used by few US pioneers are now spreading through the world (Economist Intelligent Unit, 2006. It is a very new issue at least regarding the origin of the expression and related to services and, even a common sense definition with a complete detailed explanation clarifying the cases is not available. Mol (2007, for instance, presents a variety of conceptual lens has been applied to outsourcing (and also can be applied to offshoring process: transaction cost economics, resource-based view, core competences, micro-economics, industrial organization, among others. From this list of perspectives, in this article we propose to analyze the applicability of transaction cost economics - TCE (Coase, 1937; Williamson, 1975, 1979 through its characteristic make-or-buy expression, considering the offshoring pace and emerging economy firms. The make-or-buy decision must be flexible enough to explain offshoring characteristics and developed and emerging economy firms scenarios. As secondary objectives, and to show the trail to the main purpose, two research questions were identified and discussed during the paper: Is offshoring process an international movement only from developed countries to emerging economies? Is the main reason of offshoring the looking for low-cost work / activities? To achieve the proposed objectives, the structure of this paper begins with a reasonable or acceptable definition of offshoring. Some reasons (or “the reason” for the process are also another important starting point. The majority of articles referee the idea that low-cost is the main reason for offshoring, and if it is correct, transaction cost economics seems to be a good basis for our analysis purpose and integrative intention. Also some literature connections between offshoring and TCE are presented and, naturally TCE is presented in highlights for understanding these connections. Ending this section, some different

TAX OPTIMIZATION, TAX AVOIDANCE OR TAX EVASION? CONTRIBUTIONS TO THE OFFSHORE COMPANIES’ LEGAL BACKGROUND

OpenAIRE

Eva ERDÕS

2010-01-01

Is it a legal or illegal activity to give money to establish offshore firms? What is the offshore practice is it a method of tax optimization, tax minimization or is it a harmful activity, which means tax avoidance or tax evasion. This question is very important in the European Union’s tax law system, because the EU tax law is against the harmful tax competition. Some member states’ legal system is permitted to use offshore companies’ rules, but in the European Union it is prohibited to estab...

Motives behind Strategic Alliance Formation among Medium-Sized Manufacturing Firms in Tanzania

OpenAIRE

Kafigi Jeje

2014-01-01

Research on strategic alliance motives has attracted a great attention as firms strive to become market leaders. One critical area is to assess the contribution of these motives to strategic alliance formation. Most studies on alliance motives concentrate on international strategic alliances that involve large or multinational corporations from developed economies. Little research has been done on Small and Medium Enterprises (SMEs), particularly Medium-Sized Enterprises (MEs) from the manufa...

THE EXPANSION OF THE TRANSNATIONAL AND MULTINATIONAL CORPORATIONS IN THE GLOBAL ECONOMY

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Paul-Bogdan Zamfir

2012-12-01

Full Text Available The phenomenon of transnationalisation and multinationalisation evokes just the differences between the two types of corporations. It can be said that a transnational company is above geographical boundaries, wich from the perspective of revolutionary technological communications and transport have been dimmed, but above the borders represented by language, culture, mentalities and technology. The transnational company operates spot transactions because it is listed on the various first rank Stock Exchanges and the financial, technical, image and brand results recorded by this, are public information that it is measuring the success or unsucces of the transnationalisations phenomenon. By comparison, the multinational company is listed either at stock exchanges of secondary importance, or it is a group or family bussines which has the active abroad. At the same time the multinational corporations effectively produce without to generate significant resources for the development of it's own research activities, so, having failed to impose an uniform structure and culture regardless of the assets location. Another significant difference is at the financing access. The transnational company is standing in attention of the rating firms having a low-risk investment that it allows to access the financing at low cost. In most cases, multinational society has limited financial funding in the country of origin, sometimes exclusive relying on the raised funds of the branches which it controls.

Foreign Exchange Exposure of A Selected Number of Swedish Multinationals : The Capital Market Approach

OpenAIRE

Shudzeka, Basile N; Kum, Hyceinth N.

2007-01-01

This research work analyses the impact of exchange rate fluctuations on firm value. It is based on a sample of 10 Swedish multinational companies selected from two market capitalization segments (Mid and Large Cap) according to the OMX index classification. A multiple linear regression model is used to explore the dependency of the log returns (continuously compounded returns) of each of the sampled companies to the percentage changes in the spot exchange rates for the SEK/U.S. Dollar and SEK...

The (R)evolution of China: Offshore Wind Diffusion

DEFF Research Database (Denmark)

Poulsen, Thomas; Hasager, Charlotte Bay

2017-01-01

This research presents an industry level gap analysis for Chinese offshore wind, which serves as a way to illuminate how China may fast track industry evolution. The research findings provide insight into how the Chinese government strongly and systematically decrees state-owned Chinese firms...... successfully forge long-term alliances also for future Chinese wind energy export projects. Examples of past efforts of collaboration not yielding desired results have been included as well. At policy level, recommendations are provided on how the evolution of the Chinese offshore wind power industry can...... be fast-tracked to mirror the revolutionary pace, volume, and velocity which the Chinese onshore wind power industry has mustered....

Organizational architecture of multinational company

OpenAIRE

Vrbová, Tereza

2012-01-01

The Bachelor's Thesis ,,Organizational architecture of multinational company" sets the target to analyse organizational structures used in multinational companies at present. In the teoretical section is briefly described development of this subject, basic concepts associated with organizational architecture such as globalization, multinational companies and organizational architecture. I also generalized main characteristics of organizational forms and describe their pros and cons. The pract...

Factors Affecting Human Resource Management Practices of Foreign Subsidiaries: Acase study of Japanese Multinational Companies in Malaysia

OpenAIRE

Iberahim, Hadijah

2008-01-01

This study investigates how firm-level human resources management (HRM) practices are transformed to fit the organization's needs of developing skilled workers as core competence, in a changing environment where resources are scarce. This paper deals with the issue of factors influencing HRM practices in the development of competent workforce at two Japanese multinational companies (JMNCs)of Malaysian electric and electrical industry. This qualitative study applied longitudinal and comparat...

Influence of Islamic culture on Scandinavian management in Malaysia - a glance at multinational management and Islamic values

OpenAIRE

Gjelsvik, Jorun Titlestad

2001-01-01

This study deals with differences ---especially related to the Islamic culture--- in business between Scandinavia and Malaysia. It is based on interviews with managers in 11 Scandinavian companies located in Malaysia. Globalisation is described as the intensification of worldwide social relations which link distant localities. Local happenings are shaped by events occurring many miles away. This is especially true for the multinational companies. Global firms have increased very much in numbe...

Global innovation networks and university-firm interactions: an exploratory survey analysis

Directory of Open Access Journals (Sweden)

Gustavo Britto

2015-02-01

Full Text Available The literature on Global Innovation Networks has contributed to identify changes in the innovation activities of multinational corporations. Although university-firm interactions are seen as an important factor for the emergence of GINs, their role has received limited attention. This paper aims to fill this gap in two ways. First, it carries out an exploratory analysis of an original survey dataset, of firms in three industrial sectors from nine developed and developing countries. Second, the paper analyses whether the role of universities in global innovation networks is related to national systems of innovation with varying degrees of maturity. Multiple correspondence analysis and a Probit model are used to establish the relevance of key factors in driving GINs. The results identify distinctive profiles constructed mainly according to firm characteristics, but reflecting country specific patterns of association. The Probit model confirms that internationalization processes and the existence of local interactions substantially increase the probability of interactions with international institutions.

The offshore trend: Structural changes in the wind power sector

International Nuclear Information System (INIS)

Markard, Jochen; Petersen, Regula

2009-01-01

In recent years, the wind power sector has begun to move offshore, i.e. to use space and good wind speeds on the open sea for large scale electricity generation. Offshore wind power, however, is not just technologically challenging but also a capital intensive and risky business that requires particular financial and organizational resources not all potential investors might have. We therefore address the question, what impact offshore wind power may have on ownership and organizational structures in the wind power sector. We compare on- and offshore wind park ownership in Denmark, the UK and Germany. The analysis shows that offshore wind power in all three countries is dominated by large firms, many of which are from the electricity sector. In Denmark and the UK, also investors from the gas and oil industry play an important role in the offshore wind business. This development represents a major shift for countries such as Germany and Denmark, in which the wind power sector has grown and matured on the basis of investments by individuals, farmers, cooperatives and independent project developers. The structural changes by which offshore wind power is accompanied have consequences for turbine manufacturers, project developers, investors, associations and policy makers in the field.

Multinational alternatives and nuclear nonproliferation

International Nuclear Information System (INIS)

Scheinman, L.

1981-01-01

The use of multinational institutional arrangements to control sensitive nuclear-fuel-cycle activities has interested policymakers since the dawn of the nuclear age. Several such ventures have been tried in the past, largely for economic, commercial, or technical reasons, and they have enjoyed varying degrees of success. More recently, with the spread of sensitive nuclear technologies, multinational arrangements have received increasing attention as a means of reinforcing international safeguards which, together with political commitments on peaceful use, have been the principal components of the nonproliferation regime. The political acceptability and efficacy of multinational arrangements is related to the historic experience with multinational ventures, the changed political circumstances of the 1970s, and the probable requirements for constructive future cooperation. As part of a comprehensive regime covering the development of sensitive nuclear activities, multinational arrangements can reinforce the regime in a manner that is widely acceptable. A political effort to win support for such arrangements is thus worthwhile. 29 references

Inward FDI and demand for skills in manufacturing firms in Sweden

DEFF Research Database (Denmark)

Bandick, Roger; Hansson, Pär

2009-01-01

We observe a substantial increase in foreign ownership in Sweden in the 1990s. Did that have any effect on relative demand for skilled labor? Has technology transfers-often associated with inward FDI-led to an increased demand for skills due to skilled-biased technical change? Are there any grounds...... for the concerns in the public Swedish debate that more skilled activities have been moved to other countries where the headquarters are located? Estimating relative labor demand at the firm level and using propensity score matching with difference-in-difference estimation, we obtain support for that relative...... demand for skilled labor tend to rise in non-multinationals (non-MNEs)-but not in multinationals (MNEs)-that become foreign-owned. Other interesting findings are that larger presence of foreign MNEs in an industry appears to have a positive impact on the relative demand for skills in Swedish MNEs within...

Investment, Financing Constraints, and Internal Capital Markets: Evidence from the Advertising Expenditures of Multinational Firms

OpenAIRE

C. Edward Fee; Charles J. Hadlock; Joshua R. Pierce

2009-01-01

We find a significant positive relation between a firm's advertising spending in the United States and its contemporaneous foreign cash flow. This relation holds even after controlling for factors that should be related to the optimal level of domestic advertising, and it is stronger for subsets of firms that we expect to be relatively more financially constrained. Our evidence supports the hypothesis that there is a causal and economically substantial link between cash flow and investment sp...

Multinationals and Institutional Competitiveness

DEFF Research Database (Denmark)

Hull Kristensen, Peer; Morgan, Glenn

This article discusses how institutional competitiveness and multinationals are mutually enriching concepts. Seen from the perspective of Multinationals, institutional competitiveness becomes expressed at two levels. At the level of corporate HQs institutional competitiveness proves itself...... competitiveness of Liberal Market Economies and Coordinated Markets Economies under the current competitive regime....

THE DYNAMICS OF OVERSEAS BUSINESS ACTIVITIES BY MULTINATIONAL COMPANIES FROM JAPAN

Directory of Open Access Journals (Sweden)

CODRUŢA DURA

2011-01-01

Full Text Available At the beginning of the 21st century, the new economic order settled at international level is based on the intensification of the activities of multinational companies (MNC on global markets. Japan – the third world economy in 2010 – registers outstanding economic results due to its strong connection to the current of the globalization of international affairs. The issue of understanding the key role of Japanese MNCs in international business received a great deal of attention in recent years. We found that Japanese firms expanded their overseas production from 3.1% in 1986 to 16.3% in 2005 and 17% in 2009. Although MNCs are a minority in terms of the number of firms, they nevertheless dominate the Japanese trade. In recent years, Japanese firms have become more active in developing overseas activities by establishing local subsidiaries and acquiring local companies. Therefore, cross-border Mergers & Acquisitions (M&A appeared to be a very useful tool through which Japanese MNCs expanded their tentacles worldwide. Despite the devastating effects of the great East Japan Earthquake, statistical data released by UNCTAD show that Japan will again be, on the long run, a leading investor for outward FDI. Therefore, Japanese MNCs will continue to play a key role within international business environment.

The Case of a Newly Implemented Modern Management Accounting System in a Multinational Manufacturing Company

Directory of Open Access Journals (Sweden)

Daniel Watts

2014-06-01

Full Text Available Contemporary management accounting techniques (such as TQM, BSC, JIT are widely lauded by academia but the proposed relevance to business has not necessarily the view held by industry (e.g. Burns & Vaivio, 2001; Chenhall & Langfield-Smith, 1998; Innes et al., 2000. The purpose of this article is to investigate the acquisition by a modern multi-national firm of a major IT-based management accounting program to assess the relevance and usefulness of its functionality by identifying the type(s of systems that are utilised and the rationale for upgrading or modifying its system(s. This study relies on a single case based on two in-depth semi structured interviews with accounting and finance professionals in a multi-national manufacturing company that recently implemented a modern management accounting system. The findings indicate that despite demonstrating some relevance of the management accounting information, the manufacturer deactivated components of the system that were deemed irrelevant at particular levels of the organisation. This paper provides evidence about the non-reliance on management accounting information in a multinational company operating in Australia. The findings in the study imply that relevance is linked to implementation, planning and training will help managers to better prepare themselves in setting up contemporary management accounting systems.

Outsourcing Strategies of Emerging Country Firms : Are they Different from Developed Country Multinationals?

NARCIS (Netherlands)

Fleury, A.; Arkader, R.; Größler, A.; Timenes Laugen, B.

2010-01-01

The purpose of the paper is to analyze differences in the sourcing strategies of manufacturing firms from emerging and from developed markets. More specifically, we test whether manufacturers from emerging markets have other objectives when sourcing from within their countries or from international

OPTIMAL BUSINESS DECISION SYSTEM FOR MULTINATIONALS: A MULTIFACTOR ANALYSIS OF SELECTED MANUFACTURING FIRMS

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Oforegbunam Thaddeus Ebiringa

2011-03-01

Full Text Available Traditional MIS has been made more effective through the integration of organization, human andtechnology factors into a decision matrix. The study is motivated by the need to find an optimal mixof interactive factors that will optimize the result of decision to apply ICT to manufacturingprocesses. The study used Factor analysis model based on the sampled opinion of forty (40operations/production managers and two thousand (2000 production line workers of three leadingmanufacturing firms: Uniliver Plc., PZ Plc, and Nigerian Breweries Plc operating in Aba IndustrialEstate of Nigeria. The results shows that a progressive mixed factor loading matrix, based on thepreferred ordered importance of resources factors in the formulation, implementation, monitoring,control and evaluation of ICT projects of the selected firms led to an average capability improvementof 0.764 in decision efficiency. This is considered strategic for achieving balanced corporate growthand development.

Employees choice of knowledge sharing tools in a global firm : a study of MNC employee's choice of formal or informal knowledge sharing tools

OpenAIRE

Loly, Linn Karine; Breilid, Olav Aleksander Simensen

2014-01-01

Masteroppgave (MSc) in Master of Science in International Management, Handelshøyskolen BI, 2014 Due to changes in the competitive landscape and increasing globalisation, resources and the most effective use of these has become the key to competitive advantage for most multinational firms. As employees are in the possession of unique knowledge and expertise, employees have become an important resource for firms, and thus efficient transfer of knowledge to other part of the or...

Human resource policy and Danish multinational companies

DEFF Research Database (Denmark)

Fleming, Daniel; Søborg, Henrik

A study of Danish multinational companies' human resource policy in their subsidiaries in Malaysia and Singapore.The sample of companies consists of 8 Danish multinational companies with activities in both Malaysia and Singapore.......A study of Danish multinational companies' human resource policy in their subsidiaries in Malaysia and Singapore.The sample of companies consists of 8 Danish multinational companies with activities in both Malaysia and Singapore....

Multiple Learning Tracks: For Training Multinational Managers

Science.gov (United States)

Harvey, Michael G.; Kerin, Roger A.

1977-01-01

The problem of identifying and training college students to be effective multinational marketing managers is investigated in three parts: (1) Identification of multinational manager attributes, (2) selection of multinational managers, and (3) multiple "track" training programs. (TA)

Competitive advantage and the existence of the multinational corporation: earlier research and the role of frictions

OpenAIRE

Asmussen, Christian Geisler; Foss, Nicolai J.

2014-01-01

This article provides a counterpoint to Hashai and Buckley’s article ‘Is competitive advantage a necessary condition for the emergence of the multinational enterprise?’We agree with their conclusion that it is, in fact, not a necessary condition, but argue that the theoretical reasons behind this are different and more diverse than the ones they propose. We suggest that much extant economic theory is, in fact, consistent with their view that firms may internationalize without owning or achiev...

Multinational Companies, Technology Spillovers, and Plant Survival

OpenAIRE

Holger Görg; Eric Strobl

2003-01-01

This paper examines the effect of the presence of multinational companies on plant survival in the host country. We postulate that multinational companies can impact positively on plant survival through technology spillovers. We study the nature of the effect of multinationals using a Cox proportional hazard model which we estimate using plant level data for Irish manufacturing industries. Our results show that the presence of multinationals has a life enhancing effect only on indigenous plan...

Emerging Market Multinationals

DEFF Research Database (Denmark)

Gammeltoft, Peter; Hobdari, Bersant

2017-01-01

International knowledge flows and innovation are becoming ever more important to the competitiveness of multinational corporations. Emerging market multinationals (EMNCs) in specific are deploying increasingly activist measures to harness foreign sources of knowledge and innovation as a strategy...... in which this disagreement can be reconciled through recognition of other EMNC advantages, particularly abilities to leverage country-specific assets, and possession and development of dynamic capabilities. Finally, we identify a set of core themes in the recent literature on strategic asset...

Services Offshoring and Its Strategic Effects on Value Chains

Directory of Open Access Journals (Sweden)

Paulo Roberto Gião

2008-07-01

Full Text Available This article’s main objective is to examine some known management theories under the offshoring point of view. It detaches some factors in existing theories and how they can be at risk in an increasing offshoring of services processes. In the absence of more systematic studies about the effects of offshoring over value chain and core competencies imprecise borders and definitions, we try to interpret them in a holistic manner and stimulate discussions in a new area of study rather than to provide definitive general conclusions. The methodological aspects mainly concerning the offshoring bibliography are very impressive, especially since 2000. There seems to be a new trend appearing, like a wedge between strategy and international business theories, or that at least complements these theories. The analysis presented in this paper is offered as an aid to systematic investigation involving value chains, core competencies, innovations and the accelerated process of offshore outsourcing of services. Some preliminary evidence showed countries and companies in good conditions to improve their participation in the international market. The internationalization of these new firms from emerging countries and their learning process may need extension to existing theories, at least from the perspective of emerging and in the developing world.

Non-proliferation and multinational enterprises

International Nuclear Information System (INIS)

1979-04-01

The paper supplements CC/WG.2/9 in presenting the Japanese delegation's contribution in the areas of non-proliferation and multi-national enterprises. The paper questions whether multinational enrichment enterprises would constitute a significant non-proliferation factor, noting that the nature of the venture might create a potential for the dissemination of sensitive information. The paper also argues that a multi-national venture which was not economically competitive (with national facilities) would have questionable viability. The conclusion is that non-proliferation advantages, if any, would be a result, not an objective of such a venture

Domains of State-Owned, Privately Held, and Publicly Traded Firms in International Competition.

Science.gov (United States)

Mascarenhas, Briance

1989-01-01

Hypotheses relating ownership to domain differences among state-owned, publicly traded, and privately held firms in international competition were examined in a controlled field study of the offshore drilling industry. Ownership explained selected differences in domestic market dominance, international presence, and customer orientation, even…

Nato Multinational Brigade Interoperability: Issues, Mitigating Solutions and is it Time for a Nato Multinational Brigade Doctrine?

Directory of Open Access Journals (Sweden)

Schiller Mark

2016-06-01

Full Text Available Multinational Brigade Operations involving NATO and its European Partners are the norm in the post-Cold War Era. Commonplace today are Multinational Brigades, composed of staffs and subordinate units representing almost every NATO Country and Partner, participating in training exercises or actual operations in both the European and Southwest Asian Theatres. Leadership challenges are prevalent for the Multinational Brigade Commander and his staff, especially those challenges they face in achieving an effective level of brigade interoperability in order to conduct successful operations in NATO’s present and future operating environments. The purpose of this paper is twofold: to examine the major interoperability obstacles a multinational brigade commander and his staff are likely to encounter during the planning and execution of brigade operations; and, to recommend actions and measures a multinational brigade commander and his staff can implement to facilitate interoperability in a multinational brigade operating environment. Several key interoperability topics considered integral to effective multinational brigade operations will be examined and analysed to include understanding partner unit capabilities and limitations facilitated by an integration plan, appropriate command and support relationships, compatible communications, synchronized intelligence and information collection, establishing effective liaison, and fratricide prevention. The paper conclusion will urge for a NATO land brigade doctrine considering doctrine’s critical importance to effective brigade command and control interoperability and the expected missions a land brigade will encounter in future NATO operating environments as part of the NATO Very High Readiness Joint Task Force (VJTF.

Human Capital Intensity in Technology-Based Firms Located in Portugal: Do Foreign Multinationals Make a Difference?

OpenAIRE

Ana Teresa Tavares; Aurora A. C. Teixeira

2005-01-01

This paper contributes to the scarce empirical literature on the impact of foreign ownership on human capital intensity. New evidence is provided, based on a comprehensive, large-scale survey of technology-based firms located in Portugal. Using two alternatives measures of human capital (one based on skills, another on education), the key findings are that: (1) foreign ownership directly (and significantly) impacts on firms general human capital (education); (2) foreign ownership indirectly (...

The value relevance of the foreign currency translation differences : a study of multinational oil and gas companies in Australia

OpenAIRE

Svetalna Vlady

2008-01-01

This paper investigates the relationship between foreign currency translation differences and changes in firm’s market equity value of the Australian multinational firms in the oil and gas industry. The paper empirically examines this relationship under the former Australian accounting standard AASB 1012 “Foreign Currency Translation”. The paper thereby supports the new accounting standard AASB 121 “The Effects of Changes in Foreign Exchange Rates” that adopted a functional currency approach....

MULTINATIONAL COMPANIES AND FOREIGN DIRECT INVESTMENT

OpenAIRE

Lucia P. BLĂJUȚ

2014-01-01

This paper highlights the significant share of multinational companies in international trade that are a factor of developing global economies. In the context of economic globalization the activity of multinational companies and their foreign direct investment have a strong impact on the host country which presents advantages and disadvantages for them. The main objective of this article is the review of the important role played by multinationals in economic development, especially in develo...

In Search of New Relationship between Internationalization and Firm Performance

DEFF Research Database (Denmark)

Wehrmann, Carsten; Turcan, Romeo V.

diversification. Following the above criticism, this paper provides a different way of measuring the impact of internationalization on firm performance. The group comparison of multi-national and international companies based on financial data show that the reasons for internationalization are not cost advantages......, economies of scale or others frequently mentioned in internationalization research. Instead, this paper identifies an effects of internationalization, which is labeled financing advantage. MNEs can generate disproportional higher revenue growth and higher cash flows than IEs. Therefore, they have more...... equity capital to invest and are thus not exposed to interest change risks to finance growth....

Multinationals and international environmental policy

International Nuclear Information System (INIS)

Dam, L.; Scholtens, B.

2009-01-01

Multinationals with relatively poor environmental policy establish themselves in countries with weak environmental regulation. These activities are not undertaken in the poorest or most corrupt countries though. The question arises if multinationals with relatively developed environmental behavior settle less or more often in countries with environmental legislation. [mk] [nl

The Transfer Pricing Problem in a Service Firm : A Case Study on a Swedish Multinational Enterprise

OpenAIRE

Husain, Shakir; Yilmaz, Emre

2015-01-01

The purpose of this study is to answer the research question of how a service company (ServiceCo) could achieve a transfer price of its services. This is of particular interest, due to the growth of service firms that have rapidly increased and surpassed the manufacturing firms, as well as the dominant logic shifting towards services. However, the problem with this field of study is that transfer pricing with regards to the service industry, is a rather unexplored phenomenon in which the guid...

Offshore wind power. Technological and industrial development from a Norwegian business perspective; Vindkraft til havs. Teknologi- og industriutvikling fra et norsk bedriftsperspektiv

Energy Technology Data Exchange (ETDEWEB)

Hansen, Gard Hopsdal; Steen, Markus

2011-07-01

Offshore wind power has become an important component of the energy, industrial and climate policy of several countries surrounding the North Sea. In Norway, the political ambitions for offshore wind remains low, but several companies are nevertheless aiming for a position in the markets emerging nearby. This report addresses Norwegian companies positioning towards the emerging market for offshore wind in the North Sea to learn who they are, and how they approach a technology and market in the making. The report also briefly discusses how company managers assess the alignment between their position, and the Norwegian policy makers' positions and visions of offshore wind. The analysis shows that the majority of firms advocate experience based learning and development, while policy makers mainly stimulate R and D activities. The lack of a domestic market for offshore wind in Norway is seen as a barrier towards integration of experience-based and science-based learning, and impedes the momentum of technological and industrial development due to inadequate mutual understanding between the domains of industry, science, utility, politics and finance. The report is based on in-depth interviews (n=47) with managers of firms involved in offshore wind power as well as an e mail survey (n=147/325).(Author)

COUNTRY OF ORIGIN EFFECT ON ORGANIZATIONAL INNOVATION IN MALAYSIA: THE MEDIATING ROLE OF STRUCTURE

Directory of Open Access Journals (Sweden)

Aizzat Mohd. Nasurdin

2004-01-01

Full Text Available The two main objectives of this study are: first, to determine whether the level of innovation (technological and process, product and administrative varies by country of origin, and second, to investigate the influence of country of origin on organizational innovation (technological and process, product and administrative via the mediating role played by organizational structure (formalization and centralization, among firms operating in Malaysia. Statistical analyses of the 80 multinational corporations and 43 locally-owned firms and joint-ventures using ANOVA revealed that significant differences do exist in terms of their innovation levels. Firms from the West (American multinationals and European multinationals had higher levels of technological and process innovation compared to firms from the East (Eastern multinationals plus local companies and joint-ventures. Regarding product innovation, American multinationals were found to be more innovative compared to European multinationals and firms from the East (Eastern multinationals plus local firms and joint-ventures. In terms of administrative innovation, American multinationals were found to be most innovative followed by European multinationals, and lastly, firms from the East (Eastern multinationals plus local companies and joint-ventures. Additionally, country of origin had no indirect effect on the three forms of innovation via structure. Implications and suggestions for future research are discussed.

Technology transfer by multinationals

OpenAIRE

Kostyantyn Zuzik

2003-01-01

The paper analyses the issue of technology transfer by multinational corporations. The following questions are explored: (a) world market of technologies, the role of MNCs (b) Choice of the technology transfer mode, Dunning's OLI-theory as a factor of the choice of the mode of transfer (c) measurement and profitability of technology transfer (d) transfer of technology through partnerships, JVs, alliances and through M&As (e) aspects of technology transfer by services multinationals. Paper uti...

Meeting the Global Challenge through Production Offshoring

DEFF Research Database (Denmark)

Slepniov, Dmitrij

to the current debates about how these firms could assert themselves in a world of far-reaching transformation. As the title of the study suggests, this contribution is made through focusing the discussion upon production offshoring, which is currently commanding attention of so many practitioners, academics...... and policy makers. Building on ground that is already well trodden within the academic literature, the study searches for novel multidisciplinary explanations about how the production function can be organised by lead firms on a global scale and, more importantly, what the strategic implications...... of this process are. While the study concentrates on the production function, the implications of the discussion stretch much wider; the study also reveals implications for other functions and the company as a whole, as well as it points towards broader societal implications. The study employs a qualitative...

The Risk Implications of Multinational Enterprise

DEFF Research Database (Denmark)

Andersen, Torben Juul

2011-01-01

Purpose – Multinational structure has been linked to operational flexibilities that can improve corporate adaptability and a knowledge-based view suggests that multinational resource diversity can facilitate responsive opportunities. The enhanced maneuverability from this can reduce earnings vola...

Environmental considerations of offshore wind energy

Energy Technology Data Exchange (ETDEWEB)

Ryckman, A. [Natural Resource Solutions Inc., Kitchener, ON (Canada)

2010-07-01

The environmental considerations of offshore wind energy projects in the Great Lakes region were discussed from the viewpoint of an environmental consulting firm. Existing projects and proposals were discussed in relation to site-specific conditions and the environmental studies required at the proposed sites. North American facilities that are now undergoing baseline studies in the Great Lakes include the Cape Wind and Nai Kun wind farms. Impact to fisheries in the lakes is expected to occur largely during the construction phases of the developments. However, additional noise, sedimentation, and lakebed losses have the potential to impact local fish populations. Some turbine foundations create a a reef effect that increases local fish populations. Baseline fisheries data as well as substrate and habitat assessments of the lakebed are required. Impacts on birds include collision and displacement impacts. Migratory birds and staging or wintering waterfowl may be displaced from feeding areas. Radar- and plane-based surveys should be used to identify large rafts of birds in offshore habitats, while boat surveys can be used to confirm species and identify diurnal migrants. The migratory paths of bats over the Great Lakes are not well-understood. It is expected that offshore wind developments will have little impact on terrestrial vegetation. Impacts will be localized at shoreline connection points and construction areas. Shoreline habitats, wetlands, dunes and beach habitats may also be impacted. Post-construction surveys should include avian and bat mortality, waterfowl usage, and fish habitat and substrates. Further studies were recommended, as there are limited guidelines for determining the effects of offshore wind energy developments. tabs., figs.

Risks and governance modes in offshoring decisions : Linking supply chain management and international business perspectives

NARCIS (Netherlands)

Patrucco, A.S.; Scalera, V.G.; Luzzini, D.

2016-01-01

Governing offshoring has become a major challenge for firms that run operations outside the home country. International business (IB) and supply chain management (SCM) literature offer different insights on the topic, focusing especially on possible governance modes and the drivers of this choice,

Knowledge Transfer and Innovation in Brazilian Multinational Companies

Directory of Open Access Journals (Sweden)

Alisson Eduardo Maehler

2011-11-01

Full Text Available The article analyzes how innovation generation occurs in subsidiaries of Brazilian multinational corporations acting in Portugal, specifically the role of customers in the process and the knowledge dynamics. A multiple case study approach was conducted in four subsidiaries operating in the Portuguese market for at least one year. Firms came from different activity sectors and sizes. Results identify permanent knowledge exchange flows between subsidiaries and headquarters, while the largest pour is from the later ones (in Brazil to their wings in Portugal. There are frequent innovations taking place in Portuguese subsidiaries. Such innovation processes are typically incremental in nature and occur predominantly in only some areas of the organization, where greater specialization and expertise are located. The most relevant results regard the existing strong interaction between subsidiaries and markets, especially with the larger customers that contribute with suggestions and are able to influence the new products creation in the subsidiaries.

How powerful are the multinational corporations?

OpenAIRE

Pausenberger, Ehrenfried

1983-01-01

Much unease, distrust and criticism is being expressed in the current debate about the potential power of multinational corporations and the possibilities of abuse. What is the basis for the power of the multinationals, and what possibilities are available for controlling and limiting that power?

Forming a multinational joint venture

International Nuclear Information System (INIS)

Bhatia, N.K.; Garb, R.H.; Statton, T.D.

1990-01-01

This paper discusses the basis and mechanics for forming a multinational joint venture. The topics of the paper include the motivations for a joint venture, selection of the appropriate co-venturer, management of the multinational joint venture, and the joint venture agreement. The authors state that a joint venture is not applicable or desirable in all instances and to be successful, must be carefully planned

Lending Behavior of Multinational Bank Affiliates

Czech Academy of Sciences Publication Activity Database

Derviz, Alexis; Podpiera, J.

2011-01-01

Roč. 1, č. 1 (2011), s. 19-36 ISSN 2077-429X Institutional research plan: CEZ:AV0Z10750506 Keywords : Multinational bank * Contagion * Substitution * Agency Subject RIV: AH - Economics http://library.utia.cas.cz/separaty/2011/E/derviz-lending behavior of multinational bank affiliates.pdf

Impact of firm-level factors and market entry mode on performance: A study of service MNCs in an emerging economy

Directory of Open Access Journals (Sweden)

George Acheampong

2012-04-01

Full Text Available The study examined the market entry strategies of multinational services companies into Ghana’s service sector and the linkages to firm level performance after entry. Literature was reviewed on market entry strategies, internationalisation, globalisation of service firms and resource-based theory. The study adopted a combination of both quantitative and qualitative research approaches in this study. The qualitative approach was for deeper enquiry and quantitative for empirical testing. The study found that firm specific factors affect the market entry strategy while the entry strategy also affects performance after it enters the market. Home country factors and the features of services are also seen to moderate on the effects mentioned. Respondents also indicated that the features of services were an industry wide issue not so much consideration is given to it.

Multinational Oil Companies and Corporate Social Responsibilities ...

African Journals Online (AJOL)

Niger Delta Region, Nigeria), the concept of corporate social responsibility must be fully imbibed by the multinational oil companies. Therefore, this study examines multinational oil companies and corporate social responsibilities with particular ...

Lean Transformation of Multinational Concerns

DEFF Research Database (Denmark)

Matthiesen, Rikke Vestergaard; Johansen, John

2008-01-01

triggered. This paper reports on exploratory studies from a multinational company adopting centrally managed pilot projects as a transformation mechanism for continuous change towards a lean business system and an organizational culture of continuous improvements (CI). Competitive pressure demands...... from a multinational company adopting centrally managed pilot projects as a transformation mechanism for continuous change towards a lean business system and an organizational culture of continuous improvements (CI)....

Organizational architecture of multinational companies

OpenAIRE

Sikorová, Lenka

2009-01-01

The main goal of the bachelor thesis Organizational Architecture of Multinational Companies is to elaborate the overview of organizational structures that are used by modern global companies. The thesis contains an analysis of such companies development, principles of functioning, pros and cons and the opportunities which these brings. It also contains a description of the basic concepts associated with organizational architecture such as globalization, multinational companies and organizatio...

Innovation and Institutional Embeddedness of Multinational Corporations

DEFF Research Database (Denmark)

Pogrebnyakov, Nicolai

2014-01-01

Review of: Innovation and Institutional Embeddedness of Multinational Corporations / edited by Martin Heidenreich. (Cheltenham: Edward Elgar, 2012)......Review of: Innovation and Institutional Embeddedness of Multinational Corporations / edited by Martin Heidenreich. (Cheltenham: Edward Elgar, 2012)...

New conceptual design for offshore wind power substations

International Nuclear Information System (INIS)

2016-01-01

The presentation of the new offshore wind power substation project, Marin-el, took place last December at an event held at the Higher School of Naval Engineering (ETSIN), part of the Universidad Politécnica de Madrid (UPM). The project is headed up by Iberdrola and backed by the Government of the Basque Country with a project consortium featuring the participation of the Tecnalia technological centre and the Construcciones Navales del Norte (La Naval) shipyard among other firms from the naval and renewable energies sectors. (Author)

Corporate Responsible Behavior in Multinational Enterprise

DEFF Research Database (Denmark)

Andersen, Torben Juul

2017-01-01

Purpose: This study aims to analyze how leadership influenced corporate responsible behavior in a complex multinational organization with ethical principles imposed by concrete actions on regulatory, environmental and international labor issues. Increasing functional specialization, multinational...... diversification and global expansion also diluted those values. Originality/value: Corporate responsible behavior is a significant challenge in large organizations with many and diverse multinational stakeholders. Ethical conduct derives from executive morality, but the role of leaders as instigators...... diversity and business acquisitions challenged the core values and called for more formal enforcement. Core values executed through investment in positive economic externalities enhanced the reputation and facilitated sustainable collaborative solutions. Design/methodology/approach: This single-case study...

Effective Strategy-Making in Multinational Subsidiaries

DEFF Research Database (Denmark)

Andersen, Torben Juul; Andersson, Ulf; Palmié, Maximilian

for global efficiencies and autonomy for effective local responses. Strategic guidance from headquarters frames subsidiary decisions in line with corporate priorities and distributed decision power coupled with informal exchange of information facilitates strategic responses in tune with local market......We outline commonalities between studies of subsidiary decentralization and autonomous strategy-making in the international business and strategic management fields. This suggests that corporate headquarters should engage in strategy-making processes that provide a combination of formal direction...... requirements. We identify some important nuances in the integration-responsiveness conundrum supported by an empirical study of 351 multinational subsidiaries. We discuss the implications for multinational strategy practice and suggest future research venues to investigate strategy-making in multinational...

Cultural Penetration in Latin America through Multinational Advertising Agencies.

Science.gov (United States)

Del Toro, Wanda

Few studies have addressed the issue of cultural penetration of Latin American countries by multinational corporations (MNCs) and multinational advertising agencies (MAAs). Whether they are considered multinational or transnational, MAAs have expanded as a form of international communication in the global market, forming the backbone of MNCs.…

Toward Unity of Command for Multinational Air Forces

National Research Council Canada - National Science Library

Asjes, David

1998-01-01

To assure unity of command in future multinational air operations, combatant commanders must embrace the necessity of multinational air forces, maximize the integration of allied officers within air...

MULTINATIONAL COMPANIES AND FOREIGN DIRECT INVESTMENT

Directory of Open Access Journals (Sweden)

Lucia P. BLĂJUȚ

2014-11-01

Full Text Available This paper highlights the significant share of multinational companies in international trade that are a factor of developing global economies. In the context of economic globalization the activity of multinational companies and their foreign direct investment have a strong impact on the host country which presents advantages and disadvantages for them. The main objective of this article is the review of the important role played by multinationals in economic development, especially in developed economies. In the economies in which they operate, they bring capital, technology transfer, improve the national reputation and influence the other companies to invest in this countries, they provide a substantial source of revenue for the government and always improve the balance of payments in the host country.

The expatriates in multinational companies: A trend in Serbia

Directory of Open Access Journals (Sweden)

Ratković Tatjana

2014-01-01

Full Text Available Expansion of international operations has imposed new demands to multinational companies, especially in the area of human resource management. International human resource management is primarily characterized by movement of employees across the boundaries of one country in order to take various roles in foreign subsidiaries of multinational companies. One of the most important decisions a multinational company has to make refers to selection of employees to fill in positions in its foreign subsidiaries depending on nationality of employees. This paper tends to explore the significance and roles of expatriates in obtaining success of multinational company in international operations in order to emphasize the advantages expatriates may bring to a multinational company. This paper aims to analyze one of crucial issues that multinational companies face in global environment - the process of expatriation, particularly focusing on the number of expatriates (parent country nationals in subsidiaries of foreign multinational companies in Serbia and the tendency of changing their number in these subsidiaries, as well as nationality of managers in key positions in these subsidiaries (CEO and HR manager. Empirical research performed through a questionnaire has shown certain features of subsidiaries of multinational companies in Serbia, indicating that the number of expatriates has increased since their founding until today (contrary to expectations based on theoretical concepts and results of studies performed in other countries and environments. However, as it was expected, the analysis of results has shown that most subsidiaries in Serbia have replaced their expatriates in the position of CEO (and HR manager, which has brought companies numerous benefits, such as lower expenses.

Processo de tomada de decisão sob incerteza em investimentos internacionais na exploração & produção offshore de petróleo: uma abordagem multicritério

Directory of Open Access Journals (Sweden)

Marcus Vinicius Margueron

2005-12-01

Full Text Available Este trabalho apresenta o desenvolvimento teórico sobre a análise de projetos de exploração e produção de petróleo, desde a avaliação econômica tradicional através do Fluxo de Caixa Descontado até a apresentação da Teoria da Utilidade Multiatributo (MAUT, que possibilita a consideração dos riscos e incertezas típicos dos investimentos internacionais no setor upstream do petróleo em um novo ambiente competitivo entre as firmas. Por fim, o trabalho inclui um estudo de caso sobre a aplicação da MAUT na priorização de dez oportunidades exploratórias offshore ao redor do mundo oferecidas a uma multinacional brasileira fictícia de acordo com as preferências dos tomadores de decisão sobre aspectos operacionais, políticos e tecnológicos.This paper presents the theoretical developments in techniques of decision-making analysis in petroleum exploration and production projects, from economic evaluation using Discount Cash Flow (DCF up to and including a presentation of the Multi-Attribute Utility Theory (MAUT, which enables consideration of typical risks and uncertainties in international petroleum upstream investments in a new competitive situation among firms. Finally, a case study of the MAUT was developed and applied to define priorities among ten offshore exploration opportunities around the world offered to a fictitious Brazilian petroleum multinational company, according to decision-makers' preferences regarding operational, political and technological issues.

A multistage multinational triangulation approach to hazard identification in night-time offshore helicopter operations

International Nuclear Information System (INIS)

Nascimento, Felipe A.C.; Majumdar, Arnab; Ochieng, Washington Y.; Jarvis, Steve R.

2012-01-01

When visibility is poor offshore helicopter operations are prone to accidents. Given that a significant increase in night-time activities is predicted in the near future, this paper proposes a systemic approach to account for all the factors underlying such accidents. It presents the results of accident analysis and interviews of pilots from five different scenarios using cognitive task analysis, followed by rigorous application of Grounded Theory and Template Analysis to the narratives. The results are used to compile a comprehensive list of the factors that affect the ability of pilots to fly at night. These factors should form the basis for future data collection and safety interventions.

A multistage multinational triangulation approach to hazard identification in night-time offshore helicopter operations

Energy Technology Data Exchange (ETDEWEB)

Nascimento, Felipe A.C., E-mail: f.a.c.nascimento@imperial.ac.uk [Imperial College London, The Lloyd' s Register Educational Trust Transport Risk Management Centre, Department of Civil and Environmental Engineering, South Kensington campus, London SW7 2AZ (United Kingdom); Majumdar, Arnab [Imperial College London, The Lloyd' s Register Educational Trust Transport Risk Management Centre, Department of Civil and Environmental Engineering, South Kensington campus, London SW7 2AZ (United Kingdom); Ochieng, Washington Y., E-mail: w.ochieng@imperial.ac.uk [Imperial College London, Centre for Transport Studies, Department of Civil and Environmental Engineering, South Kensington campus, London SW7 2AZ (United Kingdom); Jarvis, Steve R., E-mail: s.r.jarvis@cranfield.ac.uk [Cranfield University, Cranfield Centre for Aviation Human Factors, Department of Air Transport, School of Engineering, Cranfield, Bedfordshire MK43 0AL (United Kingdom)

2012-12-15

When visibility is poor offshore helicopter operations are prone to accidents. Given that a significant increase in night-time activities is predicted in the near future, this paper proposes a systemic approach to account for all the factors underlying such accidents. It presents the results of accident analysis and interviews of pilots from five different scenarios using cognitive task analysis, followed by rigorous application of Grounded Theory and Template Analysis to the narratives. The results are used to compile a comprehensive list of the factors that affect the ability of pilots to fly at night. These factors should form the basis for future data collection and safety interventions.

Industry evolution, submarket dynamics and strategic behavior among firms in offshore wind energy

DEFF Research Database (Denmark)

Andersen, Poul Houman; Drejer, Ina; Gjerding, Allan Næs

2017-01-01

This paper contributes to the understanding of competition and industry evolution by analysing how submarket dynamics and agency influence the development of the emerging industrial field of Danish offshore wind energy. We argue that industry evolution is sensitive to the balance between integrat...... integration, overlap and disintegration across submarkets. This balance depends on how strategic intent and behaviour influence submarket dynamics, leading to the conclusion that effects of agency and managerial intent should play a more prominent role in studies of industry evolution....

Organization of multinational undertakings in the nuclear field

International Nuclear Information System (INIS)

Yajima, Masayuki

1982-01-01

Various proposals have been put forward to establish multinational undertakings for enrichment, fuel fabrication, reprocessing, spent fuel storage and waste management. The purpose of this paper is to investigate the legal, institutional framework aspects of multinational undertakings in the field of nuclear fuel cycle. The selection of the appropriate bodies representing the interest of participating countries would largely depend on the object or role of multinational undertakings. Regarding the principle of formation, URENCO is a much informative model of formation, which distinguishes the equity participation at national level and multinational level. The allocation of service between equity participants and non-equity participants depends on the objective of establishing business. Some priority in service allocation should be given to equity participants, and the participants having non-proliferation objective may require service allocation to avoid proliferation risk. The degree of achieving non-proliferation goal is related to the scope of participation. The experience in the field of nuclear energy seems to suggest that the concept of two-tiered decisionmaking structure is generally accepted. Various legal instruments appropriate to constitute multinational fuel cycle arrangement were examined, referring to the precedents and experience. (Kako, I.)

Patterns of technology transfer between parent companies and subsidiaries rivals. its effect on competition; Patrones de transferencia de tecnologia entre empresas matrices filiares y rivales. su efecto sobre la competencia

Energy Technology Data Exchange (ETDEWEB)

Mendi, P.; Moner-colonques, R.; Sempere-Monerris, J. J.

2012-07-01

This paper provides a quantitative view of the international market for technology, in which most of the transfers happen within multinational firms by means of royalty based contracts. We develop a competition model where one of the firms, partially owned by a multinational firm that holds a process innovation, has been transferred the technology. When the affiliated firm is the most efficient one in the market, a higher share implies the rival of the affiliated firm paying positive and greater royalties in more cases and so the multinational can control the intensity of competition. (Author)

International HR Strategy of Brazilian Technology Multinationals

Directory of Open Access Journals (Sweden)

Patricia Morilha Muritiba

2010-10-01

Full Text Available Four cases of Brazilian Multinationals from the information technology [IT] sector were compared in their international Human Resources strategy. The analysis is focused on the development and application of two research models. One analyzes the level of subsidiary autonomy in terms of strategic HR decisions, including difficult decisions regarding coordination in multinationals, following the theoretical approach of the autonomy of subsidiaries (Kidger, 2002; Nohria & Ghoshal, 1997. The other is related to the level of internationalization of HR strategies, defined as the capacity to take advantage of globalization, providing the best resources for the company regardless of where they are located (Sparrow, 2007. Both models were applied in a multiple case study method (Eisenhardt, 1989. Data were collected through semi-structured interviews and company reports, and analyzed through content analysis. The results show: (a a more centralizing characteristic of the multinational companies examined, despite the limitations of this choice as shown by the literature; and (b that Brazilian IT multinationals tend to rely more on their national competencies when managing human resources instead of going global to aggregate differentiated competencies.

Inter-firm and intra-firm efficiency measures

NARCIS (Netherlands)

Oude Lansink, A.G.J.M.; Silva, E.; Stefanou, S.

2001-01-01

Intra-firm efficiency involves computing a particular firm's efficiency degree over time relative to the firm-specific production frontier. Inter-firm efficiency reveals a particular firm's performance over time relative to the ``best practice frontier'' among the set of comparable firms. These

Nationality Divides and Shared Leadership in Multinational Teams

DEFF Research Database (Denmark)

Paunova, Minna

2015-01-01

How shared leadership is enacted in teams that are nationally diverse is currently under- researched, despite the increasing presence of multinational teams in the workplace. To better understand the phenomenon of shared leadership in multinational team contexts, we propose two ways in which...

The evolution of the offshore outsourcing industry: Brazil versus other BRIC economies

Directory of Open Access Journals (Sweden)

Nir Kshetri

2012-12-01

Full Text Available Brazil has expressed an intention to compete with India in offshoring. This paper examines the outsourcing industry in Brazil. First, we analyze how Brazil’s well-developed domestic IT market, its manufacturing prowess and export orientation have generated interorganizational as well as intraorganizational externalities or spillovers for the offshoring sector. Such externalities take va­rious forms such as knowledge spillovers, learning curves, brand loyalty, availability of tools and resources, knowledge about quality and value perceptions of consumers as well as production externalities. The entry of foreign IT firms in Brazil has also generated externalities in the forms of indirect economic impacts on local organizations. Second, we investigate how factors related to offs­horing skills, cultural compatibility and physical proximity to major markets are related to closeness to the needs of clients in terms of experience, expertise, culture and geographic reach. Finally, as making a contract complete represents a high degree of complexity and costs for parties involved in an offshoring agreement; we explore the importance of regulation and regulatory institutions.

THE INFLUENCE OF THE CONNECTIONS OF ROMANIAN NON-LISTED FIRMS TO TAX HAVENS ON THEIR PROFITABILITY

Directory of Open Access Journals (Sweden)

Mihai-Bogdan AFRASINEI

2016-12-01

Full Text Available The offshore entities have become one of the most efficient solutions for tax avoidance and are used by taxpayers almost all around the world. This paper investigates the influence of the connections (via subsidiaries or shareholders of Romanian non-listed firms to tax havens on their profitability and effective tax rate. In this regard, we used a sample of 7,167 Romanian firms (3,370 with connections to tax havens and 3,797 without tax havens connections. For statistical analysis, we used the simple and multiple linear regression methods with dummy variables. Results have shown that the presence of Romanian non-listed firms in tax havens significantly influences their profitability and effective tax rate. The firms with connections to tax havens have a return on equity ratio higher, a return on assets ratio lower, a gross profit margin ratio lower, a total assets turnover ratio higher and an effective tax rate lower than companies without connections to such jurisdictions.

Accessing offshoring advantages

DEFF Research Database (Denmark)

Mykhaylenko, Alona; Motika, Agnes; Wæhrens, Brian Vejrum

2015-01-01

. Assuming that different levels of synergy may exist between particular offshoring strategic decisions (choosing offshore outsourcing or captive offshoring and the type of function) and different offshoring advantages, this work advocates that the actual fact of realization of certain offshoring advantages...

Multinational Quality Assurance

Science.gov (United States)

Kinser, Kevin

2011-01-01

Multinational colleges and universities pose numerous challenges to the traditional models of quality assurance that are designed to validate domestic higher education. When institutions cross international borders, at least two quality assurance protocols are involved. To guard against fraud and abuse, quality assurance in the host country is…

Piiriülesed mikroettevõtted on ka Eesti IT-äride võimalus = Estonian IT firms on course to becoming micro-multinationals / Mihkel Lauk

Index Scriptorium Estoniae

Lauk, Mihkel

2014-01-01

Piiriülesest mikroettevõttest (micro multinational). Eesti IKT-ettevõtete arengut pidurdavatest teguritest. PwC kutsub üles looma Läänemere Infoühiskonna Äriakadeemiat, mille ülesanne oleks korraldada väikeettevõtlusõpet koostöös piirkonna ülikoolide ja eraettevõtetega

Toward a Phase-Model of Global Knowledge Management Systems in Multinational Corporations

DEFF Research Database (Denmark)

Nielsen, Bo Bernhard; Michailova, Snejina

2004-01-01

According to Heinrich v. Pierer, CEO at Siemens, `an e-business year is only three months long. Ifyou want to be a leader in this fast-paced world, you must be faster than the others. Just being onboard is by far not enough'. The ability to be faster than others, however, is only relevant...... if it islinked to management of key assets in the pursuit of continuous competitive advantage. The keyasset of the present is knowledge and in the future it is likely to be continuous and timelyinnovation based on effective management of knowledge assets. Most firms today, however, lack aneffective Knowledge......-outperform competition and becomeleaders of the e-conomy'. Using examples from a number of large multinational companies thispaper proposes a phase model for the development of a global Knowledge Management Systemwith attention to pertinent policy and management issues in each stage.Keywords: Knowledge management system...

Offshoring and Patterns of Quality Growth: Evidence from Danish Apparel

DEFF Research Database (Denmark)

Smeets, Valerie Anne Rolande; Traiberman, Sharon; Warzynski, Frederic Michel Patrick

is generally associated with higher quality, offshoring to China is not. The reductions in trade costs also lead to changes in the distribution of prices and quality-adjusted prices. This has implications for policy as understanding the distribution of prices faced by heterogeneous consumers is key......Recently a small empirical literature has taken off attempting to analyze the role that quality plays in our understanding of trade. In particular, the recent work of Khandelwal (2010) has brought the insights of structural IO models of demand to bear into trade data. Our work builds on this new...... structural literature; we use similar demand estimation techniques on a panel of Danish apparel firms from 1997 to 2010 in order to analyze how firms responded to China’s entry to the WTO and the dismantling of the Multi-Fibre Agreement. We find substantial changes in the aggregate level as the distribution...

Aggressive International Tax Planning by Multinational Corporations: The Canadian Context and Possible Responses

Directory of Open Access Journals (Sweden)

Brian J. Arnold

2014-09-01

government has so far been unable to bring itself to take any meaningful action against aggressive international planning by U.S.resident corporations. Were Canada to enact and enforce rules that clamped down on aggressive international tax planning by its own resident corporations, it would only put Canadian firms at a competitive disadvantage relative to American (or other international rivals. Until the United States is willing and able to take the lead on aggressive international tax planning by multi-national corporations, the reality is that smaller countries, including Canada, should be cautious about making changes to its international tax rules that are dependent on other countries making similar changes.

Study on the control mechanism of China aerospace enterprises' binary multinational operation

Institute of Scientific and Technical Information of China (English)

Wang Jian; Li Hanling; Wu Weiwei

2008-01-01

China's aerospace enterprises carry on the multinational operation and participate in the international competition and the international division of labor and cooperation positively.This article first analyzs China aerospace enterprises' binary multinational business control objective and constructes its model.Then the article analyzes the tangible and intangible control mechanism of China aerospace enterprises' binary multinational operation respectively.Finally,the article constructs the model of China aerospace enterprises' binary multinational operation mechanisms.

Management Strategies in Multinational PricewaterhouseCoopers Romania

Directory of Open Access Journals (Sweden)

Norina Popovici

2011-05-01

Full Text Available This paper presents and analyzes the key strategies that underpin multinational firms acting in this global environment. The paper underlines the importance of strategy, in the current economic context, for a complex company such as PriceWaterhouse Coopers. After a laborious documentation, theoretical and practical, the paper presents the main strategic options which ensure the business development in the context of globalization. Due to complexity of work carried out by PricewaterhouseCoopers, due to a developed organizational structure and the large number of employees , the need for the strategy is " vital " for achieve the desired performance . In the past 10 years, PriceWaterhouse Coopers turned its global work on expanding the network size and diversity of services offered. Challenges and opportunities of today require a new strategic vision. Therefore, PriceWaterhouse Coopers calls for integrating the concept of sustainability as a management philosophy. In this context, which shapes the economy based on knowledge, management is a science which, through instruments such as corporate social responsibility, coaching procces, attracting talents, can help businesses to develop, diversify or to survive. The research of this company that led to the application of these tools work in Romanian companies, depending on the particular circumstances.

Multinational/regional repository - an illusion or solution

International Nuclear Information System (INIS)

Mele, I.

2006-01-01

The concept and current status of multinational and regional repositories are presented in the paper. Particular emphasis is given to the results and findings of the recent EU project SAPIERR, investigating the feasibility of regional repository concepts in Europe. Prospects for further development of multinational repositories are also brought forward and the impact and potential benefits of this approach to our national disposal programme are discussed as well. (author)

PERAN OECD DALAM MEMINIMALKAN UPAYA TAX AGRESIVENESS PADA PERUSAHAAN MULTINATIONALITY

Directory of Open Access Journals (Sweden)

Hanindia Hajjar Damayanti

2017-04-01

Full Text Available Abstract: OECD's Role in Minimizing Tax Aggressiveness Efforts at Multinationality Companies. This paper aims to prove the relation between multinationality transaction of tax heaven countries and the tax investigation toward the tax aggressiveness. This research is done by quantitative approach upon the companies registered in BEI for 2010-2014 periods. The findings denote the tax heaven countries have no effort to conduct the tax aggressiveness on which the multinationality negatively has no effect since the occurrence in the OECD Transfer Pricing Guidelines as the guideline for both the taxing authority and the multinational companies in accomplishing the transfer pricing matter. In contrary, the investigation does not influence the tax aggressiveness.

Ethics in international business: multinational approaches to child labor

NARCIS (Netherlands)

Kolk, A.; van Tulder, R.J.M.

2004-01-01

How do multinationals address conflicting norms and expectations? This article focuses on corporate codes of ethics in the area of child labor as possible expressions of Strategic International Human Resource Management. It analyses whether fifty leading multinational adopt universal ethical norms

AN INVESTIGATION INTO MEDIUM-SIZED MULTINATIONAL ENTERPRISES

Directory of Open Access Journals (Sweden)

Daniele Schilirò

2013-09-01

Full Text Available The paper provides an investigation of medium-sized Italian industrial enterprises that have become multinational companies. It concetrates on the set of medium and medium-large enterprises who seem to grow more in foreign markets, either through exports or through foreign direct investment. The work also offers a descriptive empirical picture of the performance of medium-sized Italian multinationals, which is compared with the performance of large corporations. From this analysis, which is based on several data sources, it is possible to outline a profile regarding the medium-size italian multinational enterprises; the aim is to understand the complex strategy towards internationalization of these companies, where the dimension of production is important and, therefore, innovation has a key role. Also the commercial dimension is crucial, because it leads to point to the direct supervision of foreign markets and to look very carefully at the customers, offering them a wide range of services. Finally, the paper highlights some critical issues that the medium sized multinational enterprises have to face for competing: namely, the stagnant productivity, the high taxation, the insufficient institutional support for internationalization, the bureaucracy and its high costs, the lack of skilled human capital available in the labor market due to inadequate policy training.

New Firm Survival: Industry versus Firm Effects

NARCIS (Netherlands)

D.B. Audretsch (David); P. Houweling (Patrick); A.R. Thurik (Roy)

1997-01-01

textabstractRecent studies show that the likelihood of survival differs significantly across firms. Both firm and industry characteristics are hypothesized to account for this heterogenity. Using a longitudinal database of manufacturing firms we investigate whether firm or industry characteristics

FIRMS’ TRANSNATIONALIZATION. EVOLUTION OF MULTINATIONAL GROUPS OPERATING IN ROMANIA

Directory of Open Access Journals (Sweden)

Carmen NISTOR

2014-11-01

Full Text Available International business development is a complex phenomenon, characterized by a particularly dynamic due both to external and internal factors of the company and the need to foreshadow future directions in the development of the economic, social, political framework. Taking into consideration the ways that a company can expand, this article aims to analyse the evolution of multinational corporations operating in Romania in 2007-2012. Using data provided by The National Institute of Statistics (NIS, we focus on the multinationals groups that entered Romanian market in the period mentioned above. In this regard, we compared the multinational groups with the national ones, identifying the concentration of foreign capital by country. The results show that although has been recorded a significant variation of multinational groups in Romania, especially during the financial crisis period, the companies from Deutschland occupy first place by number of employees.

Integration of Wave and Offshore Wind Energy in a European Offshore Grid

DEFF Research Database (Denmark)

Chozas, Julia Fernandez; Sørensen, H. C.; Korpås, M.

2010-01-01

of offshore renewable energy sources. According to this, the paper covers i) public and private initiatives for offshore transmission networks, ii) the synergies between the wave and the offshore wind energy sector within an offshore grid, iii) power transmission options for offshore generation and iv...

An investment-production-regulatory model for firms in the offshore oil and gas industry

International Nuclear Information System (INIS)

Jin Di.

1991-01-01

This tripartite study examines the economic consequences of proposed environmental regulations on firms in the OCS oil and gas industry. The background part reviews the major issues associated with OCS oil and gas development and relevant environmental regulatory proposals. In the theoretical part, models are developed using optimal control theory and the theory of nonrenewable resources to analyze the impact of rising compliance cost on firm's behavior in terms of the investment and production rates over time. Finally, in the simulation part, an integrated investment-production-regulatory model is developed to simulate OCS development with and without the proposed environmental regulations. Effects of regulations are measured in terms of an increase in compliance costs and the associated reduction in net profits from oil and gas production. The theoretical results indicate that an increase in compliance costs will alter exploration, development and production rates. The total investments in exploration and development, and oil production will decrease as a result of rising compliance costs for exploration, development and production over the entire planning period

Internal capital markets and lending by multinational bank subsidiaries

NARCIS (Netherlands)

De Haas, Ralph; van Lelyveld, Iman

We use new panel data on the intra-group ownership structure and the balance sheets of 45 of the largest multinational bank holdings to analyze what determines the credit growth of their subsidiaries. We find evidence for the existence of internal capital markets through which multinational banks

GROWTH STRATEGIES OF MULTINATIONAL COMPANIES STUDY CASE: PRECIOUS METALS JEWELRY RETAIL INDUSTRY

Directory of Open Access Journals (Sweden)

Raluca Daniela RIZEA

2015-04-01

Full Text Available The turbulent start of the new century has brought new challenges for firms, industries and countries. This paper investigates business and growth strategies of multinational companies within the precious metals jewelry retail industry. The main objective is to identify whether a company’s performance is determined by its growth strategy or not. The purposes for the research are: to understand what kind of business models and strategies global precious metals jewelry retailers pursue, what growth strategies global jewelry retailers pursue and if there is a link between a company’s growth strategy and its profitability. Least but not last, the findings are reviewed on their transferability to other industries. The findings regarding the business models and growth strategies pursued are that all of them are based on Porter’s generic strategies as well as internationalization and diversification but there is no specific preference given to any of the strategic elements.

Capital market financing, firm growth, and firm size distribution

OpenAIRE

Didier Brandao,Tatiana; Levine,Ross Eric; Schmukler,Sergio L.

2015-01-01

How many and which firms issue equity and bonds in domestic and international markets, how do these firms grow relative to non-issuing firms, and how does firm performance vary along the firm size distribution? To evaluate these questions, a new data set is constructed by matching data on firm-level capital raising activity with balance sheet data for 45,527 listed firms in 51 countries. T...

Byways and Highways of Direct Investment: China and the Offshore World

Directory of Open Access Journals (Sweden)

William Vlcek

2010-01-01

Full Text Available This paper examines a lacuna in the literature on foreign direct investment (FDI flows to China: the absence of analysis for the prominent location of small Caribbean and Pacific islands as leading sources of FDI. An indeterminate amount of domestic capital is embedded in these FDI flows, which distorts comparative studies on FDI in developing economies between China and other states. Direct investment from China has also increased in recent years and offshore financial centres (OFCs often serve as the initial destinations. This paper excavates the rationales behind the presence of OFCs and suggests that Chinese actors will emulate the practices of developed state multinational corporations and high-net-worth individuals. The implications of these investment practices are outlined along with possible trajectories for their impact on the process of financial liberalisation in China. Consequently, it encourages increased Chinese participation in the development of global financial governance.

Funding Costs and Loan Pricing by Multinational Bank Affiliates

Czech Academy of Sciences Publication Activity Database

Derviz, Alexis

2009-01-01

Roč. 9, č. 9 (2009), s. 1-48 ISSN 1803-7070 Institutional research plan: CEZ:AV0Z10750506 Keywords : multinational banks * bank loan pricing * internal capital market Subject RIV: AH - Economics http://library.utia.cas.cz/separaty/2010/E/derviz- funding costs and loan pricing by multinational bank affiliates.pdf

MULTINATIONAL COMPANIES AND THEIR ATITUDE TOWARDS UNION ACTIVITY

OpenAIRE

Maria Cristina BÃLÃNEASA

2013-01-01

The intensification of the global economic activity has generated changes in working relations. The intensification of the activities within multinational companies has determined greater employment flexibility, but also a lower collective bargaining power of the employees, because the multinationals attempted to weaken the power of trade unions. The purpose of this paper is precisely to identify the attitude of these companies towards trade union activity and the reaction of labour organizat...

International entrepreneurship within offshore renewable energy

International Nuclear Information System (INIS)

Loevdal, Nicolai S.

2011-01-01

The climate is changing, the worlds known fossil energy reserves are limited, and most economies are struggling to get out of a financial crisis. The UNs Intergovernmental Panel on Climate Change calls for new technologies, rapid commercialization, and rapid international diffusion as important tools to mitigate the climate change (IPCC 2007). Nations all over the world have allocated large funds to facilitate the development of renewable energy technologies and markets to secure the future supply of energy and to sustain economic growth (REN21 2009). Use of fossil fuel is the main source of humans contribution to global warming. At the same time, fossil fuel is probably the most important resource for economic development on a global scale (IEA 2009). With this as a backdrop, the objective of this PhD thesis is to investigate how technology-based companies act to commercialize and internationally diffuse technologies that may produce abundant clean, renewable energy. More specifically, I have assessed the emerging offshore renewable energy industries (offshore wind, wave, and tidal energy) as case industries to make the International Entrepreneurship literature more relevant for the current situation. The findings reveal extensive international activities at both the company level and industry level, even in phases in which the firms have yet to commercialize and industries have yet to enter the growth phase. These findings demand significant updates to theoretical models and convey several recommendations to mangers, investors, and policy makers. Managers should be aware of and master the new opportunities/threats identified. For investors, the findings provide implications for their valuation of new ventures. For policy makers, the findings open up a new landscape of political threats and opportunities as the battle to attract promising industries has begun earlier than previously prescribed. Four research questions have resulted in four papers that constitute

International entrepreneurship within offshore renewable energy

Energy Technology Data Exchange (ETDEWEB)

Loevdal, Nicolai S.

2011-07-01

The climate is changing, the worlds known fossil energy reserves are limited, and most economies are struggling to get out of a financial crisis. The UNs Intergovernmental Panel on Climate Change calls for new technologies, rapid commercialization, and rapid international diffusion as important tools to mitigate the climate change (IPCC 2007). Nations all over the world have allocated large funds to facilitate the development of renewable energy technologies and markets to secure the future supply of energy and to sustain economic growth (REN21 2009). Use of fossil fuel is the main source of humans contribution to global warming. At the same time, fossil fuel is probably the most important resource for economic development on a global scale (IEA 2009). With this as a backdrop, the objective of this PhD thesis is to investigate how technology-based companies act to commercialize and internationally diffuse technologies that may produce abundant clean, renewable energy. More specifically, I have assessed the emerging offshore renewable energy industries (offshore wind, wave, and tidal energy) as case industries to make the International Entrepreneurship literature more relevant for the current situation. The findings reveal extensive international activities at both the company level and industry level, even in phases in which the firms have yet to commercialize and industries have yet to enter the growth phase. These findings demand significant updates to theoretical models and convey several recommendations to mangers, investors, and policy makers. Managers should be aware of and master the new opportunities/threats identified. For investors, the findings provide implications for their valuation of new ventures. For policy makers, the findings open up a new landscape of political threats and opportunities as the battle to attract promising industries has begun earlier than previously prescribed. Four research questions have resulted in four papers that constitute

Who Gets to Lead the Multinational Team?

DEFF Research Database (Denmark)

Paunova, Minna

2017-01-01

of their core self-evaluations. A study of over 230 individuals from 46 nationalities working in 36 self-managing teams generally supports the expected main and moderation effects. Individual core self-evaluations enhance an otherwise weak effect of English proficiency, but compensate for low levels of national......This article examines the emergence of informal leadership in multinational teams. Building on and extending status characteristics theory, the article proposes and tests a model that describes how global inequalities reproduce in multinational teams, and accounts for who gets to lead these teams...

The Transfer of Organisational Culture in Multinational Companies

OpenAIRE

Donmez, Ozlem

2007-01-01

The business world started to integrate internationally; therefore, it is likely to say that the multinational companies have become one of the key actors in international business. Since the multinational companies operate in many countries simultaneously; they face to multicultural challenges. The organisational culture is also influenced by the cultural diversity. It is possible to state that the transfer of the organisational culture is essential for the creation of the compatibility in t...

Establishing a Communication Link between Multinational Companies and Their Subsidiaries.

Science.gov (United States)

Rao, Hema; Golen, Steven

A key characteristic of multinational companies is a worldwide perspective and orientation in managerial decision making. In its quest for international opportunities, a multinational company confronts many problems and uncertainties in evaluating and dealing with political, legal, economic, social, cultural, and governmental policy variables and…

Occupational health offshore

Energy Technology Data Exchange (ETDEWEB)

Crosbie, A.; Davies, F.

2002-07-01

The proceedings contain the 29 papers presented at the conference plus the opening address from the chair of the Health and Safety Commission. The papers in the first session were concerned with policy, strategy and leadership and included a perspective from the offshore industry advisory committee, details of a health planning tool for occupational health assurance and lessons from occupational health management in the offshore sector. The two sessions on the second day dealt with occupational health in the offshore design process and case studies involving physical, chemical and biological agents. Topics included the need to consider occupational health when designing offshore installations, the development of a human factors engineering strategy in petrochemical engineering projects, measuring occupational exposure to hazardous chemicals, implementation of the noise at work regulations, hand arm vibration syndrome and issues with potable water maintenance. The two sessions on the third day were concerned with human factors and psychological health, and well-being and fitness for duty. Topics covered included circadian adaption to shift change in offshore shift workers, managing stress in the offshore environment, the role of employee assistance programmes in organisational stress management, health care and first aid (the revised ACOP), well-being at work, the medical and physical fitness of offshore emergency response rescue team members, the impact of health surveillance and promotion of offshore accident rates, and the implication of safety and heath of the aging of the workforce ion the Norwegian offshore industry.

Offshoring Process

DEFF Research Database (Denmark)

Slepniov, Dmitrij; Sørensen, Brian Vejrum; Katayama, Hiroshi

2011-01-01

The purpose of this chapter is to contribute to the knowledge on how production offshoring and international operations management vary across cultural contexts. The chapter attempts to shed light on how companies approach the process of offshoring in different cultural contexts. In order...... of globalisation. Yet there are clear differences in how offshoring is conducted in Denmark and Japan. The main differences are outlined in a framework and explained employing cultural variables. The findings lead to a number of propositions suggesting that the process of offshoring is not simply a uniform...... technical-rational calculation of the most efficient organisation of activities across national borders, but it is rather specific to the parent companies’ national contexts....

Resolution 679/013 Resolution 679/013 ANCAP is authorized to direct contracting with the firm Spectrum Geo Inc. for the performance of a contract for the implementation, marketing and revenue sharing program for the acquisition and processing of 2D seismic data in the offshore Uruguay between ANCAP and Spectrum, nonexclusive multi client

International Nuclear Information System (INIS)

2013-01-01

The National Administration Portland Alchool and Fuels from Uruguay in the hydrocarbon researching signed a direct contracting with the firm Spectrum GEO Inc. with the aim to provide regional 2D seismic data in shallow, deep and ultra deep offshore waters of Uruguay, in order to delineate more leads and illuminating detail the prospects that lie in footage from the early Cretaceous (3 to 8 seconds TWT) to tertiary (1-4 sec)

Lending behavior of multinational bank affiliates

Directory of Open Access Journals (Sweden)

Alexis Derviz

2011-03-01

Full Text Available We study the parent influence on lending by affiliates of a multinational bank. In the proposed theoretical model, local lending is influenced by shareholder-affiliate manager delegation and precautionary motives. The outcome is either contagion (the loan volume in the affiliate follows the direction of the parent bank country shock or performance-based reallocation of funds (substitution, depending on the degree of manager delegation in the affiliate and the liquidity-sensitivity in theparent bank. Empirical investigation, deliberately conducted on a sample not covering the latest financial crisis, shows that also in “normal” times, multinational banks that are likely to delegate lending decisions or be more liquidity-sensitive are more inclined towards contagionist behavior.

Executive compensation and firm performance: Evidence from Indian firms

Directory of Open Access Journals (Sweden)

Mehul Raithatha

2016-09-01

Full Text Available The study examines the relationship between executive compensation and firm performance among Indian firms. The evidence suggests that firm performance measured by accounting, as well as market-based measures, significantly affects executive compensation. We also test for the presence of persistence in executive compensation by employing the system-generalised methods of moments (GMM estimator. We find significant persistence in executive compensation among the sample firms. Further, we report the absence of pay–performance relationship among the smaller sample firms and business group affiliated firms. Thus, our findings cast doubts over the performance-based executive compensation practices of Indian business group affiliated firms.

Offshore Investment Funds

Directory of Open Access Journals (Sweden)

Shang-Jin Wei

1999-12-01

Full Text Available Offshore investment funds are alleged to have engaged in trading behavior that is different from their onshore counterparts because they may be subject to less supervision and regulation. In particular, they may trade more intensely. They could also pursue more aggressively certain trading strategies such as positive feedback trading or herding that could contribute to a greater volatility in the market. Using a unique data set, this chapter compares the trading behavior in the Korean stock market between offshore investment funds with their onshore counterparts registered in the US and UK. There are a number of interesting findings. First, there is indeed evidence suggesting that the offshore funds trade more intensely than their onshore counterparts. Second, however, there is no evidence that the offshore funds engage in positive feedback trading. In contrast, there is strong evidence that the funds from the U.S. and U.K. do. Third, while offshore funds do herd, they do so far less than onshore funds in the U.S. or UK. Fourth, offshore funds hold less glamour stocks (e.g. stocks with high P/E in their portfolio than funds in the U.S. or U.K. do. Moreover, flight to glamour stocks during the in-crisis period is less evident in the case of offshore funds. In sum, offshore funds are no especially worrisome monsters.

CRM System Implementation in a Multinational Enterprise

Science.gov (United States)

Mishra, Alok; Mishra, Deepti

The concept of customer relationship management (CRM) resonates with managers in today's competitive economy. As more and more organizations realize the significance of becoming customer-centric in today's competitive era, they embrace CRM as a core business strategy. CRM an integration of information technology and relationship marketing provides the infrastructure that facilitates long-term relationship building with customers at an enterprise-wide level. Successful CRM implementation is a complex, expensive and rarely technical projects. This paper presents the successful implementation of CRM in a multinational organization. This study will facilitate in understanding transition, constraints and implementation of CRM in multinational enterprises.

La competitività delle imprse manufatturiere statunitensi. (The competitive position of U.S. manufacturing firms

Directory of Open Access Journals (Sweden)

R.E. LIPSEY

2013-12-01

Full Text Available Con l'alto valore costante del dollaro recentemente siè verificata la  preoccupazione per l' impatto a lungo termine sulla competitività dei produttori statunitensi. Questo studio distingue tra la competitività delle imprese statunitensi ed i vantaggi degli Stati Uniti come una base di produzione . Si è constatato che , anche se la quota statunitense del commercio mondiale è diminuita a partire dai primi anni 1970, la quota detenuta da imprese americane, al contrario di imprese che producono negli Stati Uniti, è aumentato. Si sostiene che le multinazionali statunitensi hanno superato il calo del vantaggio comparativo degli Stati Uniti come base di produzione spostando all'estero.With the continuing high value of the dollar there has recently been concern over the long-term impact on the competitiveness of US manufacturers. This study distinguishes between the competitiveness of US firms and the advantages of the United States as a production base. It is found that, although the US share of world trade has declined since the early 1970s, the share held by US firms, as opposed to firms producing in the United States, has increased. It is argued that US multinationals have overcome the decline in the comparative advantage of the United States as a production base by moving abroad.JEL: F23, L60

Internationalization Strategy and Financial Performance in Brazilian Firms

Directory of Open Access Journals (Sweden)

Pedro Paulo Mendes Silva

2011-12-01

Full Text Available The internationalization of the firm and the appearance of multinational companies are not recent events. The first initiatives to realize businesses overseas and increase profits in this way date from the beginning from the Modern Age. For Brazilian companies in particular, this phenomenon has been gaining attention since the 1990s, with the commercial opening of the country. The objective of this study was to analyze the strategy of internationalization in Brazilian companies, in particular the case of publically traded companies with foreign direct investments greater than $10 million, and the relation with the financial performance of these companies. Through a quantitative study using the rate of variation of internationalization and financial performance, researchers developed an analysis of the relation between the process of internationalization and financial performance indicators in nine companies that make up the non-probabilistic sample of convenience. The results concluded that there is a weak positive correlation with financial indicators of growth; profitability metrics show a negative relationship in some of the independent variables.

THE AMAZING UNIVERSE OF RUSSIAN MULTINATIONALS: NEW INSIGHTS

Directory of Open Access Journals (Sweden)

CODRUŢA DURA

2013-12-01

Full Text Available Over the past few years, large multinational companies originating from Russia have shown outstanding performances alongside their road from regional dominance to global leaders. Taking stock of recent approaches in the literature and statistical data released by well-known international organizations, our papers aims to provide some new insights from the amazing universe of Russian multinationals, following the 2008-2009 global economic crisis. The list of the largest multinationals from Russia shows that corporations from oil & gas and metallurgical sector are prevailing, as a consequence of the resource – based character of the Russian economy. Although Russian giants represents a quite heterogeneous class of companies, they do share several common features such as their propel mechanism of expansion on the global business stage (leveraged by the resource-based nature of their home economy, their tendency to invest in the neighboring countries (like Commonwealth of Independent States or East European countries, their modes of entry (through brownfield projects etc.

Multinational corporations and corporate social responsibility in the peace building in Colombia

OpenAIRE

Jiménez Peña, Gabriel

2014-01-01

This paper focuses on the role of the multinational corporations in the Colombian peace process. First a theoretical frame work is built which aims to shed light on the significance of multinationals in this process. The study then presents the specific Colombian experience with relation to the role of multinationals in the peace process. The penultimate section deals with the relation between peace, corporate social responsibility, and the UN Global Compact. Finally it offers a conclusion wi...

Multinationals and corporate social responsibility

NARCIS (Netherlands)

Kolk, A.

2010-01-01

This paper aims to shed some more light on the current debate related to corporate social responsibility (CSR), specifically considering multinational enterprises (MNEs) and the complexities they face when dealing with international issues and a range of stakeholders. It discusses notions of CSR in

Industrial opportunities - offshore

International Nuclear Information System (INIS)

Gerrits, D.J.

1998-01-01

Industrial opportunities available in the Canadian offshore petroleum industry are discussed. Oil has been produced offshore from Nova Scotia since 1992, and offshore from Newfoundland since 1997. Special needs that must be addressed in offshore operations in eastern Canada such as the cold North Atlantic environment, isolation, logistics, safety, and quality assurance, are examined. The most obvious opportunities lie with the designing, building and installing the facilities needed to extract oil and gas from beneath the sea floor and transport it to market. However, there are also opportunities in designing and fabricating clothing, customized food containers and other equipment for offshore needs. Short term opportunities also exist in the decommissioning of depleted production fields and their facilities. One of the greatest obstacles facing new entrants into the offshore oil and gas industry is the lack of a track record. To meet this challenge, the ability to seek out partners to pursue local and international opportunities through joint ventures, strategic alliances and technology sharing partnering arrangements is of great importance. It may be the difference between success and failure. 6 figs

An Exploratory Investigation of Locally Constituted Challenges to Communication Management in Multinational Teams

DEFF Research Database (Denmark)

Lauring, Jakob; Jonassson, Charlotte

2008-01-01

It has been argued that multinational teams create a number of competitive advantages when used strategically. However, multinational teams are not always successful, and a number of studies indicate that communication between team members may be the main obstacle. The purpose of this article...... is to investigate communication problems in organizations consisting of multinational teams. It is argued that researchers should not only look for differences in national culture when analyzing barriers to the communication flow. Challenges to communication may also develop in the locally constituted...... organizational culture. This is illustrated by an ethnographic field study in a multinational department of a Danish organization....

The Effects of Organization Design on Media Richness in Multinational Enterprises.

Science.gov (United States)

Whitfield, J. Michael; And Others

1996-01-01

Examines effects of two organizational design parameters, divisionalization and centralization, on the media richness choices of Chief Executive Officers (CEOs) of multinational enterprises in obtaining information from foreign subsidiaries on strategic issues. Samples 86 US multinationals; finds formal divisional structure affects CEOs' use of…

From Offshoring to Backshoring

DEFF Research Database (Denmark)

Slepniov, Dmitrij; Madsen, Erik Skov

2015-01-01

The purpose of this paper is to examine the evolution of offshoring over time. The paper employs qualitative methodology and on the basis of two case studies of Danish companies, it develops a framework conceptualizing the stages of offshoring and highlights the factors driving the transition...... between these stages. The framework challenges the linear nature of offshoring and proposes the existence of ‘the pendulum effect’. The pendulum effect suggests that the modes of offshoring (i.e. captive and non-captive) and geographies of offshoring (i.e. home and abroad) are not static; rather...

Testing the Link Between Multinationality and the Return on Foreign Assets

NARCIS (Netherlands)

G.S. Yip (George); A. Kudina; A.M. Rugman (Alan)

2009-01-01

textabstractA large and robust emperical literature demonstrates that there is a strong relationship between the performance of a multinational enterprise (MNE) and its degree of multinationality. We develop a new metric to capture the return on foreign assets (ROFA), which we use as an alternative

Safety in offshore engineering an academic course covering safety in offshore wind

NARCIS (Netherlands)

Cerda Salzmann, D.J.

2011-01-01

Offshore projects are known for their challenging conditions, generally leading to high risks. Therefore no offshore project can go without a continuous and extensive assessment on safety issues. The Delft University of Technology is currently developing a course "Safety in Offshore Engineering"

Emerging Market Multinational Companies and Internationalization

DEFF Research Database (Denmark)

Nielsen, Bo Bernhard; Estrin, Saul; Nielsen, Sabina

2014-01-01

This paper furthers our understanding of the role of contextual conditions influencing internationalization of emerging market multinational companies (EMNCs). We use resource-based, industrial organization, and economic development theories to develop a multilevel theoretical framework...

Do Peer Firms Affect Firm Corporate Social Responsibility?

OpenAIRE

Shenggang Yang; Heng Ye; Qi Zhu

2017-01-01

Peer-firm strategies are a critical factor for corporate finance, and corporate social responsibility (CSR) is the main trend for evaluating the behavior of firms. On the basis of the connection between peer strategy and CSR, this paper explores the CSR strategies employed by a sample of Chinese firms during the 2008–2015 period. Our two main empirical findings are as follows. First, the CSR strategies of firms have a positive effect on their CSR behavior. Second, when there is the CSR gap be...

Multinational Heterogenity and Knowledge Diffusion

NARCIS (Netherlands)

Smeets, R.A.L.M.

2009-01-01

During the past two decades, governments all around the world have spent millions of dollars to attract Foreign Direct Investment (FDI) of multinational companies. The large sums of money spent in this way have been justified on grounds of the alleged benefits of such activities in terms of domestic

Offshore in depth

Energy Technology Data Exchange (ETDEWEB)

Ebdon, J F

1968-08-01

The world-wide scope of offshore areas is discussed. Offshore areas of the U.S. and the world are where one of the ''hottest'' hydrocarbon booms--drilling, production, and pipelining--are in action today. Most of the current activity in offshore exploration and drilling is crude oil directed. However, big non-associated natural gas finds have been made. Additionally, for every barrel of crude oil produced, either or both associated natural gas and dissolved natural gas are produced in some varying ratio as casinghead gas. Thus, with worldwide production of some 2.5-million bbl of crude oil per day from offshore areas of Free-World countries, there are vast volumes of casinghead natural gas produced, over and above that produced from non-associated natural gas wells to the seaward of land masses. If offshore gas of any classification is produced in commercial volumes close to onshore population centers, then the possibility of marketing is fairly good. If remote from population centers, it is usually flared or shut-in. The development of gas liquefaction and cryogenic tankers has started, but international ocean traffic in LNG is still in its infancy. Current offshore gas pipelines are described.

Three Organizational Challenges for Multinational Enterprises

NARCIS (Netherlands)

Drogendijk, Rian; van Tulder, Rob; Verbeke, Alain; van Tulder, Rob; Verbeke, Alain; Drogendijk, Rian

2015-01-01

The rapidly changing and volatile institutional environments, within which Multinational Enterprises (MNEs) must operate, have put traditional organisational forms under pressure. Globalization and regionalism develop at the same time, whereas regulation facilitating Foreign Direct Investment (FDI)

Emerging Market Multinational Companies and Internationalization

DEFF Research Database (Denmark)

Estrin, Saul; Nielsen, Bo B.; Nielsen, Sabina

2017-01-01

We develop a multilevel theoretical framework for investigating the role of home country urbanization for emerging market multinational companies' (EMNCs) international expansion. We propose that more urbanized home environments directly increase EMNC's proclivity to internationalize and moderate...

LOCATION DECISIONS OF MULTINATIONAL COMPANIES IN ROMANIA

Directory of Open Access Journals (Sweden)

Lucia P. BLĂJUȚ

2016-07-01

Full Text Available This paper investigates the location decisions of foreign direct investments by the most important global multinational companies in Romania. The study covers the top 100 multinational companies, according to Fortune and underline that all of them have the headquarters location in the United States. In particular, this analysis presents the distribution of global companies based on the main industry and major economic sectors. The first company, from the rank 100, that invests in our country is Exxon Mobil (the number two on the list and has numerous projects in petroleum refining industry in many other countries, because energy sector is one of the most important ones in the global economy.

International Taxation and the Direction and Volume of Cross-Border M&As

OpenAIRE

Huizinga, Harry; Voget, Johannes

2006-01-01

In an international merger or acquisition, the national residences of the acquirer and the target determine to what extent the newly created multinational firm is subject to international double taxation. This paper presents evidence that the parent-subsidiary structure of newly created multinational firms reflects the prospect of international double taxation. The number of acquiring firms at the national level similarly reflects international double taxation. The evidence suggests that tax ...

Globalization : Countries, Cities and Multinationals

NARCIS (Netherlands)

McCann, Philip; Acs, Zoltan J.

2011-01-01

McCann P. and Acs Z. J. Globalization: countries, cities and multinationals, Regional Studies. This paper explores the relationship between the size of a country, the size of its cities, and the importance of economies of scale in the modern era of globalization. In order to do this, it integrates

Offshore risk assessment

CERN Document Server

Vinnem, Jan-Erik

2014-01-01

  Offshore Risk Assessment was the first book to deal with quantified risk assessment (QRA) as applied specifically to offshore installations and operations. Risk assessment techniques have been used for more than three decades in the offshore oil and gas industry, and their use is set to expand increasingly as the industry moves into new areas and faces new challenges in older regions.   This updated and expanded third edition has been informed by a major R&D program on offshore risk assessment in Norway and summarizes research from 2006 to the present day. Rooted with a thorough discussion of risk metrics and risk analysis methodology,  subsequent chapters are devoted to analytical approaches to escalation, escape, evacuation and rescue analysis of safety and emergency systems.   Separate chapters analyze the main hazards of offshore structures: fire, explosion, collision, and falling objects as well as structural and marine hazards. Risk mitigation and control are discussed, as well as an illustrat...

Modular Structures in a Multinational Force Headquarters

National Research Council Canada - National Science Library

Stewart, K; Christie, M

2004-01-01

.... It is proposed that future Multinational Force (MNF) military headquarters (HQ) can achieve this flexibility through a modular organizational structure enabled by networked information management and communication technologies...

Offshore wind energy developments

DEFF Research Database (Denmark)

Stolpe, Mathias; Buhl, Thomas; Sumer, B. Mutlu

2014-01-01

This chapter will give a brief overview of a few of the activities within offshore wind energy research, specifically 1) Support structure optimization, 2) Blade coatings for wind turbines; 3) Scour protection of foundations, 4) Offshore HVDC and 5) Offshore wind services....

Leadership styles of nurse managers in a multinational environment.

Science.gov (United States)

Suliman, Wafika A

2009-01-01

This is a descriptive study conducted at a multinational working environment, where 1500 nurses representing 52 nationalities are employed. The study aimed at exploring the predominant leadership style of nurse managers through self-evaluation and staff nurses' evaluation and the impact of working in a multinational environment on their intention to stay or quit. The value lies in its focus on leadership styles in an environment where national diversity among managers, staff, and patients is very challenging. The study included 31 nurse managers and 118 staff nurses using Bass and Avolio's (1995) Multifactor Leadership Questionnaire. The results showed that nurse managers and staff nurses reported transformational leadership as predominant with significant difference in favor of nurse managers. Participants' nationality and intention to stay or quit affected their perception of transformational leadership as a predominant style. The implications highlight the need for senior nursing management to set effective retention strategies for transformational nurse managers who work at multinational environments.

Global Oligopolistic Competition and Multinational Corporations

DEFF Research Database (Denmark)

Hansen, Michael W.; Hoenen, Anne Kristin

2013-01-01

The contemporary International Business (IB) literature has ’forgotten’ a key insight of the early foreign direct investment (FDI) literature, namely that FDI often is driven by strategic interaction of multinational corporations (MNCs) in oligopolistic industries. Instead, the IB literature has ...

Helping Behavior in Multinational Executive Networks

DEFF Research Database (Denmark)

Mors, Marie Louise; Miller, Stewart; McDonald, Michael

This study develops a framework that draws upon the socio-psychology and network literatures to explain helping behavior in an executive’s multinational network. Focusing on executives' perceptions of willingness to help, we examine network structure (geographic and organizational boundaries), st...

Technical, institutional and economic factors important for developing a multinational radioactive waste repository

International Nuclear Information System (INIS)

1998-06-01

Countries planning and implementing nuclear energy programmes should assume responsibility for the safe management and final disposal of radioactive waste from their programmes. However, there are countries whose radioactive waste volumes do not easily justify a national repository, and/or countries which do not have the resources or favorable natural conditions for waste disposal to dedicate to a national repository project. These countries would benefit from multinational co-operation for the disposal. Interest in the concept of a multinational repository for radioactive waste has been expressed by several Member States and the waste management community in the light of the potential benefit to the partner countries from the safety, technical and economic standpoints. However, such an approach involves many political and public acceptance issues and therefore a consensus among countries or regions concerned is a prerequisite. In this context, it was deemed appropriate that the IAEA access the technical, institutional, ethical and economic factors to be taken into account in the process of such consensus building. This report is intended to provide an assessment which can serve as a general basis for establishing a waste management policy and/or further assessing specific issues such as ownership and liability, institutional aspects and problems related to long term commitments. This report is divided into five sections where the first section gives background, objectives, scope and structure of the report. Section 2 discusses multinational repository concept in terms of needs and the role of a multinational repository, interaction between host and partner countries and formulation of a multinational repository. Section 3 identifies basic issues to be considered for establishing a multinational repository, and some specific issues relating to specific waste categories. Section 4 analyses potential benefits and challenges to be addresses in establishing a

Multinational fuel-cycle proposal for Latin America

Energy Technology Data Exchange (ETDEWEB)

Koehler, JR, W C

1980-03-01

The growth of energy demand projected for Latin America could be met by nuclear generated electricity if a multinational arrangement can be set up to meet the proliferation containment requirements and develop economies of scale that are satisfactory to all parties. A regionalized fuel-cycle center is outlined as a possible prototype for Latin America. A satisfactory operation there would indicate export feasibiltiy of the concept to other developing areas. The international strategies already in place have a heavy emphasis on weapons proliferation and have not been adequate. A multinational fuel-cycle concept with co-location technologies has the advantages of cost sharing, acceptable safeguards, and institutional barriers to proliferation. Security and cooperation between participants could be problems. 17 references. (DCK)

Estimating risk propagation between interacting firms on inter-firm complex network.

Science.gov (United States)

Goto, Hayato; Takayasu, Hideki; Takayasu, Misako

2017-01-01

We derive a stochastic function of risk propagation empirically from comprehensive data of chain-reaction bankruptcy events in Japan from 2006 to 2015 over 5,000 pairs of firms. The probability is formulated by firm interaction between the pair of firms; it is proportional to the product of α-th power of the size of the first bankrupt firm and β-th power of that of the chain-reaction bankrupt firm. We confirm that α is positive and β is negative throughout the observing period, meaning that the probability of cascading failure is higher between a larger first bankrupt firm and smaller trading firm. We additionally introduce a numerical model simulating the whole ecosystem of firms and show that the interaction kernel is a key factor to express complexities of spreading bankruptcy risks on real ecosystems.

Estimating risk propagation between interacting firms on inter-firm complex network.

Directory of Open Access Journals (Sweden)

Hayato Goto

Full Text Available We derive a stochastic function of risk propagation empirically from comprehensive data of chain-reaction bankruptcy events in Japan from 2006 to 2015 over 5,000 pairs of firms. The probability is formulated by firm interaction between the pair of firms; it is proportional to the product of α-th power of the size of the first bankrupt firm and β-th power of that of the chain-reaction bankrupt firm. We confirm that α is positive and β is negative throughout the observing period, meaning that the probability of cascading failure is higher between a larger first bankrupt firm and smaller trading firm. We additionally introduce a numerical model simulating the whole ecosystem of firms and show that the interaction kernel is a key factor to express complexities of spreading bankruptcy risks on real ecosystems.

Taxing Multinationals 'Post-BEPS' - What's Next?

NARCIS (Netherlands)

M.F. de Wilde (Maarten)

2017-01-01

textabstractThe taxation of multinational companies has been attracting a great deal of attention in recent years. Com- pany tax planning and country tax competition have increasingly been questioned, by the general public, media, in politics and academia. Countries compete for investment, reducing

Three Essays in the Public Economics of Offshore Hydrocarbon Investment and Production

Science.gov (United States)

Kearney, Owen P.

Offshore sources, in both shallow and deep waters, are increasingly important contributors to global oil and natural gas production. As both resource owner and taxing authority, national governments play an important role in the production of these offshore hydrocarbons. How the policy choices of these governments affect firm behavior, however, is not necessarily well understood. This dissertation contributes to our knowledge of how public policy influences offshore hydrocarbon investment and production. In the first essay, I estimate the investment responses of hydrocarbon producers to the suspension of the royalty, a type of production tax levied on production from federal lands. I find that the potential for a royalty payments waiver: (1) increases the probability that an individual tract is acquired by an average of 193% (a mean increase of 5.6 percentage points); (2) decreases the probability that a lease is ever drilled during its observed lease term by an average of 14.5% (a mean decrease of 1.3 percentage points); and (3) increases the expected number of explored leases by 150%. The introduction of DWRRA also increases the average winning bid per lease by 60%. These estimates quantify the magnitudes of the discouraging effects of production taxation on oil and natural gas investment. In the second essay, I quantify the implied value of information spillovers in oil and natural gas exploration using an event study design. I find that 25 trading days after a discovery, firms that own leases adjacent to the discovery lease (but not the discovery lease, itself) realize an average abnormal return translating to 315 million in market capitalization. This effect is quantitatively large compared to costs for drilling an exploratory well. In the final essay, I measure how oil price affects water injection, a method for prolonging the productive lifetime of oil fields. I find that a 1 rise in price increases the water injected into the well's reservoir by

Overview on the Multinational Collaborative Waste Storage and Disposal Solutions

International Nuclear Information System (INIS)

MARGEANU, C.A.

2013-01-01

The main drivers for a Safe, Secure and Global Energy future become clear and unequivocal: Security of supply for energy sources, Low-carbon electricity generation and Extended nuclear power assuring economic nuclear energy production, safe nuclear facilities and materials, safe and secure radioactive waste management and public acceptance. Responsible use of nuclear power requires that – in addition to safety, security and environmental protection associated with NPPs operation – credible solutions to be developed for dealing with the radioactive waste produced and especially for a responsible long term radioactive waste management. The paper deals with the existing multinational initiative in nuclear fuel cycle and the technical documents sustaining the multinational/regional disposal approach. Meantime, the paper far-reaching goal is to highlight on: What is offering the multinational waste storage and disposal solutions in terms of improved nuclear security ‽

Current trends in offshore technology

International Nuclear Information System (INIS)

Korsgaard, J.

1994-01-01

Although this is a technical symposium concerning advances in the technology of producing oil and gas offshore, a keynote address would not be complete without mentioning non-technical factors which are extremely important for the business of producing oil and gas offshore. These are political factors and economic factors. Offshore operations are an easy target for political forces that are opposed to marine operations involving the production and transfer of hydrocarbons. For example, the oil pollution act of 1990 was a reaction to the Exxon Valdez grounding in Alaska and this act has added significantly to the risk and cost of operating offshore. Another example of this is that it is becoming more and more difficult to dispose of produced water offshore. Producing oil and gas offshore is a business that competes with other energy sources such as coal and oil and gas from wells on land. The offshore oil can only compete with these other resources by providing the same product at a competitive price. Since offshore operations are inherently more costly than land operations, the offshore oil field or gas field must be significantly larger than a land field in order to be produced. Also the offshore oil field or gas field is more susceptible to environmental risks from weather. On a more positive note, there are technical developments which are taking place and have continuously taken place to make offshore oil and gas both more economic and safer to produce. These developments are briefly discussed

Transformation of Manufacturing Firms to Servitisation Firms

DEFF Research Database (Denmark)

Lin, Chih-Cheng; Ma, Zheng; Tanev, Stoyan

2014-01-01

It is crucial for the manufacturing SMEs to reconsider their business strategy in order to be able to launch customer-centric solutions. This ability is associated with a paradigm shift from a product-orientation to service-orientation. One of the major challenges to success in transforming...... a traditional manufacturing firm to service-oriented firms is the conspicuous lack of publications in this research stream. Applying a case study research approach, this study explores the transformation model for manufacturing SMEs to servitisation firms by adopting a network approach, and reveals...

International expansion of Chinese multinationals: the new challenge of globalization

OpenAIRE

Quer, Diego; Claver-Cortés, Enrique; Rienda, Laura

2010-01-01

Over the last few years, a new generation of Chinese multinationals has set out to conquer global markets, featuring major international acquisitions that were unthinkable until very recently. This work seeks to analyze the nature of this emerging phenomenon, illustrating the reasons behind the international expansion of Chinese multinationals, the factors that facilitate and hinder this process, the entry modes that they use and the strategic implications for Western companies of their sudde...

Offshore Transmission Technology

Energy Technology Data Exchange (ETDEWEB)

NONE

2012-10-15

The purpose of this document is to give an overview of offshore electricity transmission technologies. In particular this document is concerned with the use of High Voltage Direct Current (HVDC) systems and more specifically with the development of Voltage Source Converter (VSC) technology. This report outlines the current state of the main technology groups required for offshore HVDC transmission as well as giving examples of offshore projects (both current and future). Finally some indications of likely unit costs for HV assets are given.

Multinational uranium enrichment in the Middle East

International Nuclear Information System (INIS)

Ahmad, Ali; Salahieh, Sidra; Snyder, Ryan

2017-01-01

The Joint Comprehensive Plan of Action (JCPOA) agreed to by Iran and the P5+1 in July 2015 placed restrictions on Iran’s nuclear program while other Middle Eastern countries– Egypt, Jordan, Saudi Arabia, Turkey, and the United Arab Emirates–are planning to build their own nuclear power plants to meet increasing electricity demands. Although the JCPOA restricts Iran's uranium enrichment program for 10–15 years, Iran's neighbors may choose to develop their own national enrichment programs giving them a potential nuclear weapons capability. This paper argues that converting Iran's national enrichment program to a more proliferation-resistant multinational arrangement could offer significant economic benefits–reduced capital and operational costs–due to economies of scale and the utilization of more efficient enrichment technologies. In addition, the paper examines policy aspects related to financing, governance, and how multinational enrichment could fit into the political and security context of the Middle East. A multinational enrichment facility managed by regional and international partners would provide more assurance that it remains peaceful and could help build confidence between Iran and its neighbors to cooperate in managing other regional security challenges. - Highlights: • Freezing Iran's nuclear program is an opportunity to launch joint initiatives in ME. • A joint uranium enrichment program in the Middle East offers economic benefits. • Other benefits include improved nuclear security and transparency in the region.

Female Directors and Firm Performance: Evidence from UK Listed Firms

Directory of Open Access Journals (Sweden)

Pananda Pasaribu

2017-08-01

Full Text Available The impact of female directors on firm performance has lacked consistency in the previously conducted empirical studies, which may be due to the endogeneity problem, or certain characteristics (i.e. governance, industry, competition. This study examines the relationship between female directors and firm performance by addressing those problems. This study analyses all non-financial UK listed firms during the period 2004-2012 and employs several econometric models. The regression results indicate that there is little evidence that female directors have a positive and strong relationship with firm performance. But, further analysis reports that the UK’s small listed firms experience a positive significant effect, because small firms do not suffer from the problem of over-monitoring and they have more flexibility in composing their boards of directors.

Outsourcing software development offshore making IT work

CERN Document Server

Gold, Tandy

2004-01-01

THE OFFSHORE IMPERATIVECrunching the Offshore Numbers: What the Financials PortendWelcome to the Definitive Guide on Offshore OutsourcingSetting the Stage: The Compelling Offshore StoryOffshore Outsourcing versus Traditional IT OutsourcingChallenges of Offshore OutsourcingChapter SummaryGetting Started in OffshoreExecutive Support and Communications: The Key to SuccessA Look at an Example of Enlightened Leadership: Handling Employee Impact at a Northeast Utilities CompanyWell-Planned and Executed Communications: A Critical Success Factor for Offshore Program InitiationEstablishing the Offshore

Firm Culture and Leadership as Firm Performance Predictors : a Resource-Based Perspective

NARCIS (Netherlands)

Wilderom, C.P.M.; van den Berg, P.

2000-01-01

In this study, we tested part of the resource-based view of the firm by examining two 'soft' resources, firm culture and top leadership, as predictors of 'hard' or bottom-line firm performance.Transformational top leadership was found to predict firm performance directly while the link between firm

Offshore wind energy prospects

International Nuclear Information System (INIS)

Gaudiosi, Gaetano

1999-01-01

In last two years offshore wind energy is becoming a focal point of national and non national organisations particularly after the limitations of fossil fuel consumption, adopted by many developed countries after Kyoto conference at the end of 1997 on global climate change. North Europe is particularly interested in offshore for the limited land areas still available, due to the intensive use of its territory and its today high wind capacity. Really the total wind capacity in Europe could increase from the 1997 value of 4450 MW up to 40 000 MW within 2010, according the White Paper 1997 of the European Commission; a significant percentage (25%) could be sited offshore up to 10 000 MW, because of close saturation of the land sites at that time. World wind capacity could increase from the 1997 value of 7200 MW up to 60 000 MW within 2010 with a good percentage (20%) offshore 12 000 MW. In last seven years wind capacity in shallow water of coastal areas has reached 34 MW. Five wind farms are functioning in the internal seas of Netherlands, Denmark, Sweden; however such siting is mostly to be considered as semi-offshore condition. Wind farms in real offshore sites, open seas with waves and water depth over 10 m, are now proposed in North Sea at 10-20 km off the coasts of Netherlands, Denmark using large size wind turbine (1-2 MW). In 1997 an offshore proposal was supported in Netherlands by Greenpeace after the OWEMES '97 seminar, held in Italy on offshore wind in the spring 1997. A review is presented in the paper of European offshore wind programs with trends in technology, economics and siting effects. (Author)

Wind power potential outside the Norwegian coast (offshore); Vindkraftpotensialet utenfor norskekysten (offshore)

Energy Technology Data Exchange (ETDEWEB)

Hofstad, Knut; Tallhaug, Lars

2008-07-01

Norway has a long coastline with good wind conditions, but is different from many other European countries because a big part of the maritime zone close to the coast is very deep (the Norwegian trench). Thus it is only possible to utilize a small part of the offshore field for wind power with today's technology. Developing wind power offshore is today only extended to the areas with shallow water with depth between 5 and 20 meters. The solution for the deeper areas is not commercially available as of yet, but more and more participants, a Norwegian firm (Owec) among others, are working on solutions that will make it possible to establish wind turbines with a solid base as deep as 100 meters (technology based on experiences from the oil industry). A considerable wind power potential in the shallow water areas outside the Norwegian coast has been proven. Meanwhile the potential is strongly dependent on the demand that the generating station must have a minimum distance from the shore. In areas with depths shallower than 20 meters, the potential is estimated from about 6000 to about 30 000 MW, dependent on if the minimum distance from shore is 10 to 1 km. If the maximum depth is extended to 50 m, the potential is about 13 000 to 55 000 MW. Also an approximation is made on how big the wind power potential can be if the maximum depth is extended to 100 m. The potential for wind power will then improve substantially and will be in the area from 40 000 to 140 000 MW. For depths that deep, it may also be pertinent to increase the demand for minimum distance from the shore to 20 km. The potential outside the 20 km limit will be about 12 000 MW. The investigation considers that the development shall not take place in the protected zones or too close to shore. Specific adverse effects of environmental and other specific effects will however not be evaluated. For instance it is not clear what significance the visual impacts and coast scenery will be and what restrictions

The Multinational Logistics Joint Task Force (MLJTF)

National Research Council Canada - National Science Library

Higginbotham, Matthew T

2007-01-01

In this monograph, by analyzing the UN, NATO and the US Army's evolving Modular Logistics Doctrine, the author integrates the key areas from each doctrine into a multinational logistics joint task force (MLJTF) organization...

Firm Innovation and the Ratchet Effect Among Consumer Packaged Goods Firms

OpenAIRE

Christine Moorman; Simone Wies; Natalie Mizik; Fredrika J. Spencer

2012-01-01

We consider how public firms influence their stock market valuations by timing the introduction of innovative new products. Our focus is on innovation ratchet strategy --firms timing the introduction of innovations in order to demonstrate an improvement in the number of introductions over time. We document that public firms use an innovation ratchet strategy more often than do private firms and that the stock market rewards public firms for doing so. These rewards from the stock market, howev...

COMPETITIVE STRATEGY OF A FOREIGN MULTINATIONAL IN BRAZILIAN POULTRY PRODUCTION

OpenAIRE

Denise Barros de Azevedo; Liane Aparecida Aires da Silva Rengel; Guilherme Cunha Malafaia; Karim Marini Thomé

2012-01-01

This paper addresses the question of the strategies involved in the import process of cages for laying hens, directed at the multinational enterprise distribution center. Identifies the reasons why a multinational company invests in Brazil, specifically in the city of Araraquara, São Paulo, where it is implementing a distribution center (DC). Developing the study of the strategies involved in the process, according to the main issue of the work, it took place through the exploratory analysis ...

International outsourcing over the business cycle: some intuition for Germany, the Czech Republic and Slovakia

Directory of Open Access Journals (Sweden)

Sandrine LEVASSEUR

2010-12-01

Full Text Available In this paper, we assess the extent to which multinational firms – in the first instance, the German ones – may adjust their international outsourcing over the business cycle in the Czech Republic and Slovakia. For that purpose, we have used monthly data of production for the manufacturing sector as a whole and some of its sub-sectors, since 2000 onwards. Our econometrical estimates suggest that there would be an asymmetry in the international outsourcing across the states of the economy, meaning that multinationals firms would be engaged differently in outsourcing activities, depending on whether bad or good economic times occur. Yet, such an asymmetry is found increasing over the time for German and French multinationals operating in the transport equipment sector of Slovakia. Another conclusion is that international outsourcing made by multinational firms in Slovakia may account for a portion of its large business cycles volatility.

Foreign Firms, Domestic Wages

DEFF Research Database (Denmark)

Malchow-Møller, Nikolaj; Markusen, James R.; Schjerning, Bertel

to the firm?s productivity. Foreign-owned firms have, on average, higher productivity in equilibrium due to entry costs, which means that low-productivity foreign firms cannot enter. Foreign firms have higher wage growth and, with some exceptions, pay higher average wages, but not when compared to similarly...... large domestic firms. The empirical implications of the model are tested on matched employer-employee data from Denmark. Consistent with the theory, we find considerable evidence of higher wages and wage growth in large and/or foreign-owned firms. These effects survive controlling for individual...... characteristics, but, as expected, are reduced significantly when controlling for unobservable firm heterogeneity. Furthermore, acquired skills in foreign-owned and large firms appear to be transferable to both subsequent wage work and self-employment...

Assessing offshore wind potential

International Nuclear Information System (INIS)

Adelaja, Adesoji; McKeown, Charles; Calnin, Benjamin; Hailu, Yohannes

2012-01-01

Quantifying wind potential is a pivotal initial step in developing and articulating a state’s policies and strategies for offshore wind industry development. This is particularly important in the Great Lakes States where lessons from other offshore environments are not directly applicable. This paper presents the framework developed for conducting a preliminary assessment of offshore wind potential. Information on lake bathymetry and wind resources were combined in simulating alternative scenarios of technically feasible turbine construction depths and distance concerns by stakeholders. These yielded estimates of developable offshore wind areas and potential power generation. While concerns about the visibility of turbines from shore reduce the power that can be generated, engineering solutions that increase the depths at which turbines can be sited increase such potential power output. This paper discusses the costs associated with technical limitations on depth and the social costs related to public sentiments about distance from the shoreline, as well as the possible tradeoffs. The results point to a very large untapped energy resource in the Michigan’s Great Lakes, large enough to prompt policy action from the state government. - Highlights: ▶ We build a theoretical framework for modeling offshore wind power production. ▶ Illustration of the impact of technology and social limitations on offshore wind energy development. ▶ Geospatial modeling of the offshore wind potential of the Great Lakes.

Developing multinational radioactive waste repositories: Infrastructural framework and scenarios of cooperation

International Nuclear Information System (INIS)

2004-10-01

Currently the management of radioactive wastes centres on national strategies for collection, treatment, interim storage and disposal. This tendency to focus exclusively on national strategies reflects the fact that radioactive waste is a sensitive political issue, making cooperation among countries difficult. It is consistent with the accepted principle that a country that enjoys the benefit of nuclear energy, or the utilization of nuclear technology, should also take full responsibility for managing the generated radioactive waste. However, there are countries whose radioactive waste volumes do not easily justify a national repository, and/or countries that do not have the resources or favourable natural conditions for waste disposal to dedicate to a national repository project or would prefer to collaborate in shared initiatives because of their economic advantages. In such cases it may be appropriate for these countries to engage in a multinational collaborative effort to ensure that they have access to a common repository, in order that they can fulfil their responsibilities for their managing wastes safely. In response to requests from several Member States expressing an interest in multinational disposal options, the IAEA produced in 1998 a TECDOC outlining the important factors to be taken into account in the process of realizing such options. These factors include for example, technical (safety), institutional (legal, safeguards), economic (financial) socio-political (public acceptance) and ethical considerations. The present report reviews the work done in the previous study, taking into account developments since its publication as well as current activities in the field of multinational repositories. The report attempts to define the concepts involved in the creation of multinational repositories, to explore the likely scenarios, to examine the conditions for successful implementation, and to point out the benefits and challenges inherent to

Do family CEOs impact firm value? An empirical analysis of Indian family firms

Directory of Open Access Journals (Sweden)

Lakshmi Kalyanaraman

2015-01-01

Full Text Available We study the association between family CEO and firm value on a sample of 288 family firms during the 6-year period, from 2009 to 2014. The sample is drawn from domestic private companies belonging to non-financial services sector included in the NSE CNX 500 index. We find that family CEO has no significant association with firm value, when the family is not the majority shareholder. Family shareholding has positive relationship with firm value, but does not moderate the relationship of family CEO with firm value. We show that family CEO and firm value are negatively related when the family does not hold majority equity stake in the family firm. While family shareholding has no significant relationship with firm value, it has a negative interaction effect on the relationship between family CEO and firm value. The research findings have important implications for family firms as well as the nonfamily investors in the family firms.

Wind energy in offshore grids

DEFF Research Database (Denmark)

Schröder, Sascha Thorsten

special characteristics of offshore grids. With an operational real options approach, it is furthermore illustrated how different support schemes and connections to additional countries affect the investment case of an offshore wind farm and the income of the transmission system operator. The investment...... and investment implications under different regulatory frameworks are a hitherto underrepresented research field. They are addressed by this thesis. Offshore grids between several countries combine the absorption of wind energy with international power trading. However, the inclusion into an offshore grid......This cumulative PhD thesis deals with wind integration in offshore grids from an economic point of view. It is composed of a generic part and eight papers. As the topic has mostly been analysed with a focus on topology and technical issues until now, market-operational questions in offshore grids...

Offshore Wind Energy Market Overview (Presentation)

Energy Technology Data Exchange (ETDEWEB)

Baring-Gould, I.

2013-07-01

This presentation describes the current international market conditions regarding offshore wind, including the breakdown of installation costs, how to reduce costs, and the physical siting considerations considered when planning offshore wind construction. The presentation offers several examples of international existing and planned offshore wind farm sites and compares existing international offshore resources with U.S. resources. The presentation covers future offshore wind trends and cites some challenges that the United States must overcome before it will be able to fully develop offshore wind sites.

Offshore investments-cui prodis? Schrodinger's cat in offshore financing: Both alive and dead

Directory of Open Access Journals (Sweden)

Stepuk Anna

2014-01-01

Full Text Available Trends of FDI in offshore tax havens were compared to efforts and efficiency of regulatory authorities to prevent money laundering. Based on available data it was stated that current position in offshore FDI stays alive and officially dead at the same time, keeping the balance of interests for the main stakeholders: corporations, authorities and financial institutes support further offshore investments. Analysis based on volumes of trade and financial transactions between offshore centers, developed and developing countries. As a result withdrawal of financial resources from the developing countries degrades social capital funding and supports corruption growth.

Intercultural Communication Problems in Japanese Multinationals.

Science.gov (United States)

Nishiyama, Kazuo

Many large Japanese-owned multinational corporations have established successful subsidiaries in the United States, but distinct ethnic and cultural differences have caused communication problems between Japanese managers and American laborers and business people. Many top executives of the Japanese subsidiaries are sent to the United States on a…

The role of a multinational nuclear fuel fabrication supplier

International Nuclear Information System (INIS)

Beard, S.J.

1987-01-01

The author argues that international markets and multinational suppliers provide large benefits to utilities. It represents a long term commitment to the nuclear business that these companies will be able to supply nuclear technology on the long haul. The technology that is available around the world becomes available to everyone through the international markets and multinational suppliers. The increased experience base is seen as valuable in that errors that have been made or have not been made yet can be avoided through the transfer or experience. The security of supply is discussed as important to any utility that is operating a reactor

Framework and Challenges for Initiating Multinational Cooperation for the Development of a Radioactive Waste Repository

International Nuclear Information System (INIS)

2016-01-01

This publication is concerned with radioactive waste that requires geological disposal. It discusses the partnership arrangements necessary for the development of a multinational repository for disposal of this waste, but it also emphasizes that countries should not rely solely on a multinational solution and should in addition have coherent national plans for disposal (a dual track strategy). The publication focuses on multinational approaches based on the IAEA scenario for cooperation among countries in joint projects for the establishment of a shared geological repository. It describes the phased approach that would be needed, indicating the decision processes to be undertaken by partners in the multinational project, both within a national context and in the scope of the joint endeavour. It highlights a wide range of legal and institutional aspects, including the contractual obligations among partners, the economic and financial arrangements, liabilities, nuclear security, regulatory and legislative aspects, waste transportation arrangements, and social issues. It also addresses the uncertainties and risks involved in the implementation of a multinational repository

Offshoring research directions

NARCIS (Netherlands)

Velthuijsen, Hugo

2012-01-01

Outsourcing and offshoring provide companies with ways to achieve their business objectives better or more cost effectively or despite a shortage of specific resources. From a research point of view, outsourcing and offshoring have mostly been studied as something that large companies do, not small

The Army in Multinational Operations

Science.gov (United States)

2010-05-01

multinational commanders may be faced with nations refusing to perform assigned tasks. The term “national red card” using a soccer simile has been coined...human rights of individuals and groups must be respected. Impartiality. Humanitarian assistance must be provided without discrimination . Relief is...given without regard to nationality, political or ideological beliefs, race, religion, sex , or ethnicity, but only on the basis of the urgency of

National Offshore Wind Energy Grid Interconnection Study

Energy Technology Data Exchange (ETDEWEB)

Daniel, John P. [ABB Inc; Liu, Shu [ABB Inc; Ibanez, Eduardo [National Renewable Energy Laboratory; Pennock, Ken [AWS Truepower; Reed, Greg [University of Pittsburgh; Hanes, Spencer [Duke Energy

2014-07-30

The National Offshore Wind Energy Grid Interconnection Study (NOWEGIS) considers the availability and potential impacts of interconnecting large amounts of offshore wind energy into the transmission system of the lower 48 contiguous United States. A total of 54GW of offshore wind was assumed to be the target for the analyses conducted. A variety of issues are considered including: the anticipated staging of offshore wind; the offshore wind resource availability; offshore wind energy power production profiles; offshore wind variability; present and potential technologies for collection and delivery of offshore wind energy to the onshore grid; potential impacts to existing utility systems most likely to receive large amounts of offshore wind; and regulatory influences on offshore wind development. The technologies considered the reliability of various high-voltage ac (HVAC) and high-voltage dc (HVDC) technology options and configurations. The utility system impacts of GW-scale integration of offshore wind are considered from an operational steady-state perspective and from a regional and national production cost perspective.

Danish recommendations on treatment of ankylosing spondylitis and spondyloarthritis based on multinational project initiative

DEFF Research Database (Denmark)

Pedersen, Susanne Juhl; Madsen, Ole Rintek; Erlendsson, J.

2008-01-01

INTRODUCTION: The multinational initiative "3e Initiative in Rheumatology - Multi-national Recommendations for the Management of Ankylosing Spondylitis 2006-7" served the primary purpose of providing specific recommendations for the management of ankylosing spondylitis and spondyloarthritis...

Pengaruh Family Control, Firm Size, Firm Risk, Dan Firm Life Cycle Terhadap Profitabilitas Dan Nilai Perusahaan Sektor Industri Barang Konsumsi

OpenAIRE

Servin, Servin

2014-01-01

This study aims to examine the effect of family control, firm size, firm risk, and firm lifecycle towards profitability and firm's value. Sampels were taken from 27 consumer goodscompanies, listed in Indonesia Stock Exchange, ranging from 2010 – 2012. The hypotheseswere tested using multiple regression analysis. In this study, profitability was measured byROA (Return on Asset) and firm's value was measured by Tobin's q. The result were, familycontrol and life cycle stage-growth had negative i...

Offshore concrete structures; Estructuras Offshore (mar adentro) de Hormigon

Energy Technology Data Exchange (ETDEWEB)

Lamas Pardo, M.; Carral Couce, L. M.

2011-07-01

In the offshore industry there are two possible materials for the construction of the hull of a structure; the steel and concrete, with the first one widely used until now, as in the rest of the shipbuilding industry of merchant ships, warships, etc. Materials such as aluminum, GRP or timber areused in small units with lengths lower than 100 m, and in less adverse conditions than in the offshore industry. Nevertheless, some ships/barges have been built of concrete in the past, but have been rather isolated cases which have not changed the practice in the industry. In the First and Second World War were built by the scarcity of materials, while the series of barges by Alfred A. Yee was a rare exception. Other units were also made in concrete, but almost anecdotal. Still, the behaviour of these concrete structures, especially in terms of maintenance, has been excellent. Therefore, the fact that the concrete has not had an adequate reception so far in shipbuilding, does not mean that in will not be the material best suited for the offshore industry in the future. The extra displacement and associated fuel costs in concrete ships have been found prohibitive in the past. But the loss of mobility of a concrete hull in relation to a steel hull can be perfectly offset by the advantages offered by the concrete, as the shipping and offshore industry have very different priorities. One of the main differences in these priorities is in terms of maintenance and resistance to fatigue, precisely where the concrete performs better. ships can easily be dry docked for maintenance and repair, while in the offshore platforms these works have to be done in situ so maintenance and fatigue are crucial to them. Besides these, the concrete has other advantages according to findings of several studies. And although they are interested in the conclusions that the makes as they came from people in the concrete industry, the fact that in recent years concrete offshore unit shave been built

Offshore investments: Denmark shows the way

International Nuclear Information System (INIS)

Anon.

1998-01-01

This article presents an overview of the use of wind power in Denmark and discusses the tremendous growth in the manufacture of wind turbines since 1981 with Denmark holding some 60% of the worlds' wind turbine market. The move to offshore wind farms is explained in terms of the shortage of land and the quality of the offshore wind, and details of the Tuno Knob pilot offshore wind farm are given. Offshore wind power in Europe, the challenges to offshore operations, the costs involved, environmental effects of the use of offshore wind, and the growing amount of wind power capacity are discussed

Knowledge transfer and expatriation in multinational corporations

DEFF Research Database (Denmark)

Minbaeva, Dana; Michailova, Snejina

2004-01-01

Research on multinational corporation (MNC) knowledge transfer has argued continuously for the behavior of knowledge senders to be a determinant of knowledge transfer. Although the importance of disseminative capacity regarding knowledge transfer has been illustrated in numerous conceptual studies...

Global offshore pipeline markets

International Nuclear Information System (INIS)

Knight, R.; Parsons, B.

2001-01-01

In this article, two experts forecast a recovery in the offshore pipeline market followed by accelerating growth. A number of clearly definable macro trends are affecting the world offshore oil and gas industry and will be of considerable significance to the offshore pipelines industry. The authors' view is of markets that show every chance of enjoying long-term growth prospects driven by the fundamentals of a continuing increase in demand for offshore oil and gas. The offshore industry however has a highly cyclical nature, due to the impact of variations in oil and gas prices and the differing state of maturity of individual regions. Therefore those companies that are able to offer the widest range of pipe types and diameters and methods of installation across the greatest range of geographic markets are likely to prosper most. Thus, this continues to be a market best suited to those able to operate on a global scale and make a corporate commitment measured in decades

Panorama 2012 - Offshore hydrocarbons

International Nuclear Information System (INIS)

Serbutoviez, Sylvain

2011-12-01

Technological progress is enabling production from offshore oil and gas fields at increasingly ambitious depths (3, 000 metres). Investment in offshore production is running at around $100 billion per year, accounting for one-fifth of all investment in oil exploration and development worldwide. However, the global economic crisis that broke at the end of 2008 and the accident involving the Macondo well temporarily disrupted the race to deep offshore technology. (author)

Division of Labor, Transaction Cost, Emergence of the Firm and Firm Size

OpenAIRE

Pak-Wai Liu; Xiaokai Yang

1999-01-01

In this paper a general equilibrium model is constructed to explain the emergence of firms and change in firm size by the tradeoff between economies of specialization and transaction cost. We show that firms emerge from the development of division of labor if the transaction efficiency for labor is smaller than that for intermediate goods. Given the emergence of firms, change in the average size of firms (average employment) will depend on the change in transaction efficiency for intermediate...

ERP systems in multi-national companies: support, maintenance and further development

OpenAIRE

Vymetal, Dominik; Matysek, Stanislav

2007-01-01

Multi-national companies introduce centralized or centrally administered ERP systems to cope with challenges of globalization. Introduction of such systems need careful planning. The planning should take not only the project and its deployment into consideration. Very important are the support and maintenance rules. The paper deals with rules used in case of a large multi-national company and resulting reaction of users in several subsidiaries in Central and Eastern Europe. The statistics obt...

Empresas multinacionais e desempenho comercial do Brasil: uma revisão da literatura Multinational enterprises and trade performance in Brazil: a review of the literature

Directory of Open Access Journals (Sweden)

Carlos A. Cinquetti

2008-12-01

Full Text Available Fazemos uma releitura dos estudos empíricos sobre empresas multinacionais (EMNs e comércio exterior no Brasil a partir dos modelos teóricos e empíricos de comércio internacional com firmas multinacionais. Percebe-se que aqueles estudos não examinam como características econômicas do país (Brasil condicionaram a emergência e tipo das EMNs e, assim, seus respectivos impactos sobre comércio exterior. Conseguem isolar, nas análises de impacto comercial, evidências dos serviços tecnológicos das estrangeiras, relativamente às domésticas do mesmo setor, mas não examinam se essas firmas se concentraram ou não em atividades com vantagens comparativas no país, o que seria crucial para determinar seu impacto comercial comparativo.We revisit the empirical research about multinational firms (MNFs and foreign trade in Brazil from the perspective of the theoretical models of international trade with MNFs, and their empirical tests. We observed that the cited studies did not examine how the economic characteristics of Brazil conditioned the emergence and types, as well as the corresponding impacts of the MNFs on foreign trade. The models analyzing trade impacts succeed to single out the MNF's technology service, as compared to same-sector domestic firms, but do not examine whether or not these firms concentrated in activities with comparative advantages, crucial to determine the comparative trade contribution from these firms.

COMPETITIVE STRATEGY OF A FOREIGN MULTINATIONAL IN BRAZILIAN POULTRY PRODUCTION

Directory of Open Access Journals (Sweden)

Denise Barros de Azevedo

2012-05-01

Full Text Available This paper addresses the question of the strategies involved in the import process of cages for laying hens, directed at the multinational enterprise distribution center. Identifies the reasons why a multinational company invests in Brazil, specifically in the city of Araraquara, São Paulo, where it is implementing a distribution center (DC. Developing the study of the strategies involved in the process, according to the main issue of the work, it took place through the exploratory analysis of the current logistics process of the Company, identifying the strategies adopted and the advantages of the new process. In order to achieve the objectives, the study is based on the theoretical study of Porter's five competitive forces, SWOT analysis, generic strategies adopted to achieve return on investment and, based on issues such as import , logistics, warehousing and distribution center. The survey shows that deployment of the DC, the strategy involves the insertion in the national market, specifically in São Paulo that is the biggest market of laying hens in the country to gain competitive advantage, and the multinational also adopts the strategy generic differentiation, with regard to technology and product quality. Despite the high costs of construction and maintenance of the DC, they represent a barrier to market entry, have no financial risk for the multinational enterprise, since this deployment will also increase the demand for the product, allowing the return on invested capital.

Default Risk and Firm Value of Shipping & Logistics Firms in Korea

Directory of Open Access Journals (Sweden)

Hyun Jung Nam

2017-07-01

Full Text Available As shipping and logistics industry is one of the core industries in Korea, the volume was ranked in the fifth highest in the world. However, shipping and logistics industry of Korea has suffered from default risk since Global Financial Crisis in 2008. This study examines the relationship between the default risk, as measured by the Altman K-Score, and firm value, as measured by the Return on Assets (ROA, of shipping and logistics firms in Korea and compares the impact of default risk on firm value between good financial health firms and poor financial health firms. As the trends of KScores over a ten-year periods, shipping and logistics firms in Korea register weak-to-moderate financial healthy rage. We find that Altman K-Score is significantly linked with firm value and also higher performing firms as measured by the ROA exhibit higher financial health as measured by KScore. Although nine years have been passed since Global Financial Crisis 2008, Korean shipping and logistics industry is still under the financial depression. This study proposes that systematic financial alert system of Korean shipping and logistics industry should be required to decrease default risk reflecting significance of Korean economy.

Employment Practices of Multinational Companies in Denmark

DEFF Research Database (Denmark)

Navrbjerg, Steen Erik; Minbaeva, Dana

Globaliseringen er en udfordring for såvel ledere som ansatte i multinationale selskaber. En analyse af ledere og medarbejderes relationer er afgørende for at forstå ledelse, forretningsforhold og arbejdsmarkedsrelationer i Danmark. Tilstedeværelsen af multinationale selskaber (Multinational Comp...

Shaping Regional Strategies of Multinational Corporations

DEFF Research Database (Denmark)

Gilbert, Dirk Ulrich; Heinicke, Patrick; Rasche, Andreas

This paper examines the factors that drive the success of multinational corporations (MNCs) in their pursuit of regional strategies. We develop a comprehensive regional success factor model to investigate the effects of regional management autonomy and regional product/service adaption...... management autonomy and regional product/service adaption are higly contingent upon contextual influences on MNCs....

Offshore industry: medical emergency response in the offshore oil and gas industry.

Science.gov (United States)

Ponsonby, Will; Mika, Frano; Irons, Greg

2009-08-01

The hunt for oil and gas has taken workers into new more distant locations including those offshore. The remoteness of the offshore platforms and vessels coupled with the potential risk of being cut off by bad weather presents particular challenges for medical emergency response (MER). Firstly to define the challenges for MER in terms of locations, population and epidemiology of injuries and illnesses in the offshore environment. Secondly to give examples of legal requirements and industry standards to manage MER. Thirdly to look at existing and emerging practice to manage these challenges. A review of published literature was supplemented with a summary of current practice in the industry. Medical professionals (medics) working offshore on installations and vessels are primarily responsible for the medical care of the workers. The medics have clinics with suitable medical equipment for managing emergencies as well as providing limited primary care. Some countries have legislation that stipulate minimum requirements. Where there is no national legislation, industry and company guidance is used to define the MER standards. Supervision of the offshore medics is often provided by doctors on shore via radio and phone links. These methods of communication are now being augmented with more sophisticated telemedicine solutions such as the Internet and live video links. These newer solutions allow for prompt high-quality care and provide the scope for a variety of new treatment options to be available for the offshore workforce.

Response : Board Composition and Firm Performance : Evidence from Bangladesh – A Sceptical View

Directory of Open Access Journals (Sweden)

Khorshed Chowdhury

2010-12-01

Full Text Available I have read the above paper with keen interest. The key finding of this paper is interesting: the appointment ofindependent directors has no perceptible influence on a firm’s economic performance in Bangladesh. Theconclusion was derived from a sample of 274 firm-years. The implication of this finding is also very significantfor regulators in Bangladesh and elsewhere ‘in their quest for harmonization of international corporategovernance practices’ Rashid et al. (2010, p76. This paper also complements the results of an earlier paperon an allied topic by Bhuiyan and Biswas (2007 where they found that (p22 ‘corporate governancedisclosure in Bangladesh is significantly influenced by local ownership, the SEC notification, and size of thecompany but belonging to financial or non-financial institution company, multinational company, age andsize of the board of directors do not have significant impact on corporate governance disclosure. So stepsshould be taken for mandatory compliance of the SEC notification and for reducing the gap between largeand small firms’ disclosure practices’.

Uncovering the Hidden Costs of Offshoring

DEFF Research Database (Denmark)

Larsen, Marcus M.; Manning, Stephan; Pedersen, Torben

2013-01-01

This study investigates estimation errors due to hidden costs—the costs of implementation that are neglected in strategic decision-making processes—in the context of services offshoring. Based on data from the Offshoring Research Network, we find that decision makers are more likely to make cost......-estimation errors given increasing configuration and task complexity in captive offshoring and offshore outsourcing, respectively. Moreover, we show that experience and a strong orientation toward organizational design in the offshoring strategy reduce the cost-estimation errors that follow from complexity. Our...

Thermodynamics of firms' growth

Science.gov (United States)

Zambrano, Eduardo; Hernando, Alberto; Hernando, Ricardo; Plastino, Angelo

2015-01-01

The distribution of firms' growth and firms' sizes is a topic under intense scrutiny. In this paper, we show that a thermodynamic model based on the maximum entropy principle, with dynamical prior information, can be constructed that adequately describes the dynamics and distribution of firms' growth. Our theoretical framework is tested against a comprehensive database of Spanish firms, which covers, to a very large extent, Spain's economic activity, with a total of 1 155 142 firms evolving along a full decade. We show that the empirical exponent of Pareto's law, a rule often observed in the rank distribution of large-size firms, is explained by the capacity of economic system for creating/destroying firms, and that can be used to measure the health of a capitalist-based economy. Indeed, our model predicts that when the exponent is larger than 1, creation of firms is favoured; when it is smaller than 1, destruction of firms is favoured instead; and when it equals 1 (matching Zipf's law), the system is in a full macroeconomic equilibrium, entailing ‘free’ creation and/or destruction of firms. For medium and smaller firm sizes, the dynamical regime changes, the whole distribution can no longer be fitted to a single simple analytical form and numerical prediction is required. Our model constitutes the basis for a full predictive framework regarding the economic evolution of an ensemble of firms. Such a structure can be potentially used to develop simulations and test hypothetical scenarios, such as economic crisis or the response to specific policy measures. PMID:26510828

Procurement with specialized firms

NARCIS (Netherlands)

Boone, Jan; Schottmuller, C.

2016-01-01

We analyze optimal procurement mechanisms when firms are specialized. The procurement agency has incomplete information concerning the firms' cost functions and values high quality as well as low price. Lower type firms are cheaper (more expensive) than higher type firms when providing low (high)

Tidal influence on offshore wind fields and resource predictions[Efficient Development of Offshore Windfarms

Energy Technology Data Exchange (ETDEWEB)

Khan, D. [Entec UK Ltd., Doherty Innovation Centre, Penicuik (United Kingdom); Infield, D. [Loughborough Univ., Centre for Renewable Energy Systems Tecnology, Loughborough (United Kingdom)

2002-03-01

The rise and fall of the sea surface due to tides effectively moves an offshore wind turbine hub through the wind shear profile. This effect is quantified using measured data from 3 offshore UK sites. Statistical evidence of the influence of tide on mean wind speed and turbulence is presented. The implications of this effect for predicting offshore wind resource are outlined. (au)

Effects ok ikea's entry into a furniture production cluster

Directory of Open Access Journals (Sweden)

Vasco Eiriz

2016-04-01

Full Text Available The entry of a multinational into a cluster, a geographic agglomeration in a given place or region of predominantly small and medium enterprises specialized in a given industry or related industries, impacts the incumbent in the cluster. Aiming to identify the main effects of a multinational entry on the firms’ strategy in a cluster, it was analyzed the entry of IKEA, a Swedish multinational, into the cluster of furniture production in Paços de Ferreira and Paredes, in Portugal. In this study, the data collection technique to access primary data was a survey. The sample has small enterprises, which is similar to the structure of firms in the studied cluster. Results show that more than half the sample thinks that the entry of the multinational had not affected them. However, the firms that acknowledge a significant impact, assess that impact as negative. The competitiveness factors that have improved more significantly after IKEA’s entry were new product development and exporting strategies. The main responses of incumbent firms to the multinational entry were internationalization and the development of generic strategies of differentiation and focus based on differentiation.

Healthy offshore workforce? A qualitative study on offshore wind employees' occupational strain, health, and coping.

Science.gov (United States)

Mette, Janika; Velasco Garrido, Marcial; Harth, Volker; Preisser, Alexandra M; Mache, Stefanie

2018-01-23

Offshore work has been described as demanding and stressful. Despite this, evidence regarding the occupational strain, health, and coping behaviors of workers in the growing offshore wind industry in Germany is still limited. The purpose of our study was to explore offshore wind employees' perceptions of occupational strain and health, and to investigate their strategies for dealing with the demands of offshore work. We conducted 21 semi-structured telephone interviews with employees in the German offshore wind industry. The interviews were transcribed and analyzed in a deductive-inductive approach following Mayring's qualitative content analysis. Workers generally reported good mental and physical health. However, they also stated perceptions of stress at work, fatigue, difficulties detaching from work, and sleeping problems, all to varying extents. In addition, physical health impairment in relation to offshore work, e.g. musculoskeletal and gastrointestinal complaints, was documented. Employees described different strategies for coping with their job demands. The strategies comprised of both problem and emotion-focused approaches, and were classified as either work-related, health-related, or related to seeking social support. Our study is the first to investigate the occupational strain, health, and coping of workers in the expanding German offshore wind industry. The results offer new insights that can be utilized for future research in this field. In terms of practical implications, the findings suggest that measures should be carried out aimed at reducing occupational strain and health impairment among offshore wind workers. In addition, interventions should be initiated that foster offshore wind workers' health and empower them to further expand on effective coping strategies at their workplace.

Risk Management Practices of Multinational and indigenous ...

African Journals Online (AJOL)

Construction projects' high uncertainty rates make them unattractive to non-risk takers. Construction companies are therefore necessarily risk takers, albeit, to varying degrees. This study made an inquiry into the risk management (RM) practices of multinational and indigenous construction companies (MCCs and ICCs, ...

Centralized vs. De-centralized Multinationals and Taxes

DEFF Research Database (Denmark)

Nielsen, Søren Bo; Raimondos-Møller, Pascalis; Schjelderup, Guttorm

2005-01-01

The paper examines how country tax differences affect a multinational enterprise's choice to centralize or de-centralize its decision structure. Within a simple model that emphasizes the multiple conflicting roles of transfer prices in MNEs - here, as a strategic pre-commitment device and a tax...

Founder Control, Ownership Structure and Firm Value: Evidence from Entrepreneurial Listed Firms in China

Directory of Open Access Journals (Sweden)

Lijun Xia

2008-06-01

Full Text Available In emerging markets, the deviation between the ultimate controlling shareholders' voting rights and their cash flow rights (hereafter “DVC” in the listed firms is quite prevalent. DVC could be introduced due to the ultimate controlling shareholders' opportunistic incentives, as well as by their incentives to improve firm efficiency. This study uses 229 listed firms ultimately controlled by individuals or families (hereafter “entrepreneurial firms” for 2004 in China, to investigate the effect of DVC on firm value and to determine whether it is different between founder and non-founder controlled firms. We find that DVC has a positive effect on firm value for founder controlled firms. This result implies that investors believe that their interests are better protected by founder controlled firms than by non-founder controlled firms.

Firm Traits and Web Based Disclosures in Top Nigerian Firms

Directory of Open Access Journals (Sweden)

Bello Ayuba

2016-02-01

Full Text Available The use of the internet as a medium of dissemination of information to stakeholders is increasingly gaining grounds. This study extends existing literature on web disclosures by investigating the characteristics that predict the extent of web-based disclosures. In this study, corporate websites of top Nigerian firms are used as sources of data, while a regression analysis is employed to examine the extent of prediction. Results indicate that the firm size and industry type are significant determinants of web disclosures. However, other firm traits such as ownership dispersion and financial performance do not significantly explain the extent of internet disclosures. The study recommends that a regulatory template for corporate web disclosures be put in place by government regardless of the size or industry classification of the firm. This is with a view to considerably reduce agency conflicts arising from information asymmetry in publicly listed firms in Nigeria.

Co-sourcing in software development offshoring

DEFF Research Database (Denmark)

Schlichter, Bjarne Rerup; Persson, John Stouby

2013-01-01

Software development projects are increasingly geographical distributed with offshoring, which introduce complex risks that can lead to project failure. Co-sourcing is a highly integrative and cohesive approach, seen successful, to software development offshoring. However, research of how co......-sourcing shapes the perception and alleviation of common offshoring risks is limited. We present a case study of how a certified CMMI-level 5 Danish software supplier approaches these risks in offshore co-sourcing. The paper explains how common offshoring risks are perceived and alleviated when adopting the co...

Design off-shore wind climate

Energy Technology Data Exchange (ETDEWEB)

Larsen, G C; Joergensen, H E [Risoe National Lab., Wind Energy and Atmospheric Physics Dept., Roskilde (Denmark)

1999-03-01

Specific recommendations of off-shore turbulence intensities, applicable for design purposes, are lacking in the present IEC-code. The present off-shore wind climate analysis presents the distribution of the turbulence standard deviation around the mean turbulence standard deviation, conditioned on the mean wind speed. Measured distributions, based on a huge amount of measuring data from two shallow water off-shore sites, are parameterized by fitting to a three parameter Weibull distribution. Combining a simple heuristic load model with the parameterized probability density functions of the turbulence standard deviations, an empirical off-shore design turbulence intensity is evaluated that in average yields the same fatigue damage as the distributed turbulence intensity. The proposed off-shore design turbulence intensity is, within the IEC code framework, applicable for extreme as well as for fatigue load determination. (au)

Corporate Social Responsibility of Multinational Oil Corporations to ...

African Journals Online (AJOL)

Corporate Social Responsibility of Multinational Oil Corporations to Host ... Exxon Mobil and Elf oil Nigeria Limited within their corporate-community relations strategy in the ... The paper concludes by exploring the implications for partnerships' ...

Multinational surveys for monitoring eHealth policy implementations

DEFF Research Database (Denmark)

Gilstad, Heidi; Faxvaag, Arild; Hyppönen, Hannele

2014-01-01

Development of multinational variables for monitoring eHealth policy implementations is a complex task and requires multidisciplinary, knowledgebased international collaboration. Experts in an interdisciplinary workshop identified useful data and pitfalls for comparative variable development...

Functional Upgrading and Value Capture of Multinational Subsidiaries

DEFF Research Database (Denmark)

Burger, Anže; Jindra, Björn; Marek, Philipp

2018-01-01

survey-based business function indicators with longitudinal accounting data for a representative sample of multinational subsidiaries located in six Central and Eastern European countries (CEECs), we assess the impact of functional upgrading on foreign subsidiaries' value capture. The results provide......This paper investigates the relationship between the value capture of multinational subsidiaries and functional upgrading, which is defined as a diversification of employment from primary business functions to higher value adding activities such as ICT, R&D, marketing or logistics. By combining...... robust evidence that the breadth as well as the scope of functional upgrading induces an upward shift of subsidiaries' value added. The effect of functional upgrading is stronger in the earlier phases after entry of the foreign investor, while the long-term growth trend remains unaffected....

Firm size and taxes

OpenAIRE

Chongvilaivan, Aekapol; Jinjarak, Yothin

2010-01-01

The scale dependence in firm growth (smaller firms grow faster) is systematically reflected in the size distribution. This paper studies whether taxes affect the equilibrium firm size distribution in a cross-country context. The main finding is that the empirical association between firm growth and corporate tax (VAT) is positive (negative), with notable differences in the response of manufacturing firms and that of the others. We draw implications for recent debate on the impact of taxes and...

Cyclicality and Firm Size in Private Firm Defaults

DEFF Research Database (Denmark)

Jensen, Thais Lærkholm; Lando, David; Medhat, Mamdouh

2017-01-01

The Basel II/III and CRD IV Accords reduce capital charges on bank loans to smaller firms by assuming that the default probabilities of smaller firms are less sensitive to macroeconomic cycles. We test this assumption in a default intensity framework using a large sample of bank loans to private...

Multinational banks and development finance

OpenAIRE

Weller, Christian E.; Scher, Mark J.

1999-01-01

Financial market recommendations for less industrialized economies, particularly in the wake of the recent financial crises, have included a push for more international financial competition. The entry of multinational banks (MNBs) into developing economies is supposed to create more market discipline for domestic banks, thus making them more efficient, and enhancing financial stability. Using data from the BIS and the IMF, we look at the determinants of MNB presence, at MNB activities, and t...

Expatriate training and support: How effective are multinational companies’ practices in Cyprus?

OpenAIRE

Hadjiyianni, Chara

2009-01-01

Most of the literature demonstrates that multinational companies do not adequately train and support expatriates prior to and during overseas assignments. If expatriates do not sufficiently adjust to host-country conditions, this can have detrimental effects on expatriate managers themselves, the assignment and the sending organisation. This study examines the effectiveness of expatriate training and support practices of multinational companies in Cyprus. The dissertation builds on three them...

Influence of cultural mechanisms on horizontal inter-firm collaborations

Directory of Open Access Journals (Sweden)

José Ramón Vilana

2010-06-01

Full Text Available The evolution of organizations that work in multinational environments has considerably altered their production strategies. One of the consequences has been the appearance of Horizontal Inter-firm Collaborations (HICs, which include all kinds of enterprises and production centres and establish a new type of horizontal collaborations and relations between independent companies or even competitors who establish occasional collaborations on projects they could not take on individually. HICs are dynamically changing organizations formed by Original Equipment Manufacturers (OEMs, Contract Manufacturers (CMs, turn-key and component suppliers, R+D centres and distributors. The dynamic relations that exist within the HICs allow them a very permeable organization easy to connect and disconnect from one to each other as well as to choose a set of partners with specific attributes. The result is a highly flexible system characterized by low barriers to entry and exit, geographic flexibility, low costs, rapid technological diffusion, high diversification through contract manufacturers and exceptional economies of scale. This study of organizational culture at the network level includes aspects such as cultural similarity among its actors, social embeddedness, tacit knowledge transfer or the importance of trust atinter-firm collaborations. The presence, under a systemic perspective, of homogeneous cultural values and practices in which collaboration actors can be identified may strengthen the group membership or establish a social network that underlies the own HIC and facilitates interactions among its members. The feasibility of this approach would facilitate the formation of new HICsby establishing, ex ante, a cultural prescriptive model at the network level. Finally, to validate the proposed model, the case methodology have been applied to an example within the aeronautical industry that has been one of the most successful relationships within HICs, the

Female Directors and Firm Performance: Evidence from UK Listed Firms

OpenAIRE

Pasaribu, Pananda

2017-01-01

The impact of female directors on firm performance has lacked consistency in the previously conducted empirical studies, which may be due to the endogeneity problem, or certain characteristics (i.e. governance, industry, competition). This study examines the relationship between female directors and firm performance by addressing those problems. This study analyses all non-financial UK listed firms during the period 2004-2012 and employs several econometric models. The regression results indi...

Offshore oil and gas and offshore wind power - different in terms of safety.?; Offshore Oel and Gas und Offshore Wind - mit Sicherheit ''anders''.?

Energy Technology Data Exchange (ETDEWEB)

Weise, F.; Tatulinski, M. [DNV GL - Oil and Gas Germany, Hamburg (Germany)

2014-07-01

Safety standards in the oil and gas industry have risen to a high level over the past decades, driven in part by momentous accidents. Furthermore, an expanded framework has recently been defined through the new EU Offshore Safety Directive, which in Germany is still in the process of its transposition into national law. The installation of offshore wind farms in the North and Baltic Sea has within the shortest of time brought forth an entirely new branch of industry, most of whose players have no significant experience with offshore operations. One of the greatest challenges is the working environment, which is being approached in different ways by those involved. The supervisory authorities responsible are only just beginning to develop the competence required for their tasks, with the effect that regulations pertaining to onshore operations are often simply adopted as they are. This is in some cases impacting on the oil and gas industry, as is discussed in the present lecture. [German] Die Oel und Gas Industrie hat in den vergangen Jahrzehnten einen hohen Sicherheitsstandard entwickelt, teilweise getrieben durch signifikante Unfallereignisse. Aktuell wurde zudem mit der neuen EU-Offshore Richtlinie ein erweiterter Rahmen definiert, der sich in Deutschland noch in der gesetzgeberischen Umsetzung befindet. Durch die Installation von Offshore-Windparks in der Nord- und Ostsee ist innerhalb kuerzester Zeit zusaetzlich ein neuer Industriebereich entstanden, dessen Marktteilnehmer mehrheitlich nicht ueber signifikante Offshore-Erfahrung verfuegen. Insbesondere das Arbeitsumfeld stellt dabei eine Herausforderung dar, die von den Beteiligten unterschiedlich geloest wird. Ferner beginnen auch die verantwortlichen Aufsichtsbehoerden erst mit dem Aufbau entsprechender Kompetenzen, so dass vielfach auch Regelungen aus dem Onshore-Bereich uebertragen werden. Dies fuehrt teilweise zu Auswirkungen auf die Oel- und Gasindustrie, die im Rahmen dieses Vortrages diskutiert werden.

Dutch offshore suppliers in confident mood

International Nuclear Information System (INIS)

Beudel, M.

1998-01-01

A series of linked articles discusses the current state of the Netherland's offshore industry. Reduced taxes, and availability of exploration licenses has meant that explorers and producers are drawn to the small size, but frequent yield explorations on Holland's continental shelf. The excellent operation record of Rotterdam's Verolme Botlek yard; for repair and maintenance of offshore platforms and associated plant, is explored as the facility plans to diversify into newbuilding. The construction of an offshore basin designed for the hydrodynamic testing of offshore plant intended for deepwater use is described. The Netherlands maritime research institute (Marin) aims to stay at the forefront of offshore research and development with this new facility. Other articles cover pipe tensioning, new large linear winches and innovations in offshore drilling and production. (UK)

Leverage, Investment, and Firm Growth

OpenAIRE

Larry Lang; Eli Ofek; Rene M. Stulz

1995-01-01

We show that there is a negative relation between leverage and future growth at the firm level and, for diversified firms, at the segment level. Further, this negative relation between leverage and growth holds for firms with low Tobin's q, but not for high-q firms or firms in high-q industries. Therefore, leverage does not reduce growth for firms known to have good investment opportunities, but is negatively related to growth for firms whose growth opportunities are either not recognized by ...

'A question of balance': addressing the public health impacts of multinational enterprises in the OECD Guidelines for Multinational Enterprises.

Science.gov (United States)

Yang, Joshua S; McDaniel, Patricia A; Malone, Ruth E

2012-01-01

The global community is beginning to address non-communicable diseases, but how to increase the accountability of multinational enterprises (MNEs) for the health impacts of their products and practices remains unclear. We examine the Organization for Economic Cooperation and Development's (OECD) efforts to do so through voluntary MNE guidelines. We developed a historical case study of how the OECD Guidelines for Multinational Enterprises were developed and revised from 1973 to 2000 through an analysis of publicly available archived OECD and tobacco industry documents. The first edition of the Guidelines was a purely economic instrument. Outside pressures and a desire to ward off more stringent regulatory efforts resulted in the addition over time of guidelines related to the environment, consumer interests, sustainable development and human rights. Despite their voluntary nature, the Guidelines can play a role in efforts to help balance the interests of MNEs and public health by providing a starting point for efforts to create binding provisions addressing MNEs' contributions to disease burden or disease reduction.

US/UK Sensor-To-Shooter Multinational C4 Interoperability Study Force-On-Force Effectiveness Methodology

National Research Council Canada - National Science Library

Bailey, Timothy J

2000-01-01

.... This methodology has been successfully applied to Army, joint, and multinational studies. The latest of these studies, the US/UK Sensor-To-Shooter Multinational C4 Interoperability Study Force-On-Force Analysis, was an effort to measure the value...

Determinants of reverse knowledge transfer for emerging market multinationals: the role of complexity, autonomy and embeddedness

Directory of Open Access Journals (Sweden)

Franciane Freitas Silveira

Full Text Available Abstract Subsidiaries conduct innovation activities in foreign markets either to capture valuable knowledge that is necessary to adapt their products to local markets or to create valuable knowledge for headquarters. For emerging market multinationals, most studies have overlooked the determinants of successful reverse knowledge transfer from subsidiaries located in emerging and developed markets. This paper analyzed the responses of a survey administered to 78 Brazilian multinationals that own subsidiaries in developed and emerging markets. We found that knowledge complexity developed at the subsidiary, its autonomy and embeddedness in the foreign market determine the successful reverse knowledge transfer to headquarters of emerging market multinationals. This paper contributes to previous studies of reverse knowledge transfer by underlying the main drivers for emerging market multinationals.

Comparisons of hypertension-related costs from multinational clinical studies.

Science.gov (United States)

Mullins, C Daniel; Sikirica, Mirko; Seneviratne, Viran; Ahn, Jeonghoon; Akhras, Kasem S

2004-01-01

This study identifies and compares the individual cost components of hospital and ambulatory services that manage the care of hypertensive patients in eight countries: the US, the UK, France, Spain, Germany, Italy, Canada and Australia. Hypertension-related costs are classified according to four major cardiovascular events: (i) acute myocardial infarction; (ii) congestive heart failure; (iii) stroke; and (iv) renal failure, which was subdivided into renal failure treated by dialysis and renal failure treated by kidney transplantation. To make cross-country costs comparisons, we used the DRG codes used in the US and DRG-like codes from each country. US cost information was obtained from hypertension data available from the literature and health economics researchers. For costs in other countries, we consulted with national health economics experts in each country, used analyses by the Research Triangle Institute, and performed Medline and international literature searches. When available, we obtained information from the countries' public and private nationally representative data sources. For cross-country currency adjustments, all currencies were converted using the Purchasing Power Parities from the Organisation for Economic Cooperation and Development, and then converted into inflation-adjusted year 2000 US dollars. There exists considerable variation in hypertension-related costs from multinational clinical studies. This study documents that costs are generally higher in the US than in other countries; however, this is not always true. In particular, costs of treating heart failure in France and the costs of renal failure without transplantation in Germany and the UK are relatively high. While analysing multinational hypertensive cost data, this study also addresses the impact of cross-country cost variations on cost analyses. During the last decade, drug-development researchers have drawn extensively upon multinational trials to resolve enrollment problems and

Managing Human Resources in a Multinational Context

Science.gov (United States)

Sumetzberger, Walter

2005-01-01

Purpose: To develop more sensitivity for different patterns of human resource management in multinational companies. Design/methodology/approach: Systemic approach; the concepts and models are based on the evaluation of consulting projects in the field of human resource management. Findings: A concept of four typical varieties of human resource…

Multinational Subsidiary Performance: Evidence from the Ghanaian ...

African Journals Online (AJOL)

The study seeks to ascertain the factors that contribute to the performance of multinational subsidiary banks in Ghana. Using an unbalanced random effects panel regression estimation following the Hausman specification test, the study found that increasing bank size does not necessarily lead to performance. As it stands ...

Offshore Wind Energy Resource Assessment for Alaska

Energy Technology Data Exchange (ETDEWEB)

Doubrawa Moreira, Paula [National Renewable Energy Lab. (NREL), Golden, CO (United States); Scott, George N. [National Renewable Energy Lab. (NREL), Golden, CO (United States); Musial, Walter D. [National Renewable Energy Lab. (NREL), Golden, CO (United States); Kilcher, Levi F. [National Renewable Energy Lab. (NREL), Golden, CO (United States); Draxl, Caroline [National Renewable Energy Lab. (NREL), Golden, CO (United States); Lantz, Eric J. [National Renewable Energy Lab. (NREL), Golden, CO (United States)

2018-01-02

This report quantifies Alaska's offshore wind resource capacity while focusing on its unique nature. It is a supplement to the existing U.S. Offshore Wind Resource Assessment, which evaluated the offshore wind resource for all other U.S. states. Together, these reports provide the foundation for the nation's offshore wind value proposition. Both studies were developed by the National Renewable Energy Laboratory. The analysis presented herein represents the first quantitative evidence of the offshore wind energy potential of Alaska. The technical offshore wind resource area in Alaska is larger than the technical offshore resource area of all other coastal U.S. states combined. Despite the abundant wind resource available, significant challenges inhibit large-scale offshore wind deployment in Alaska, such as the remoteness of the resource, its distance from load centers, and the wealth of land available for onshore wind development. Throughout this report, the energy landscape of Alaska is reviewed and a resource assessment analysis is performed in terms of gross and technical offshore capacity and energy potential.

Model of the naval base logistic interoperability within the multinational operations

Directory of Open Access Journals (Sweden)

Bohdan Pac

2011-12-01

Full Text Available The paper concerns the model of the naval base logistics interoperability within the multinational operations conducted at sea by NATO or EU nations. The model includes the set of logistic requirements that NATO and EU expect from the contributing nations within the area of the logistic support provided to the forces operating out of the home bases. Model may reflect the scheme configuration, the set of requirements and its mathematical description for the naval base supporting multinational forces within maritime operations.

Performance of Patenting Firms

DEFF Research Database (Denmark)

Madsen, Erik Strøjer; Smith, Valdemar; Nielsen, Anders Østergaard

2000-01-01

Most countries focus on industries with high technology and the governments grant subsidies to innovating firms. However, there has been remarkable few studies of the performance of innovative firms or industries. This study examines the performance of patent active firms compared to the non-patenting...... firms within the manufacturing sector in Denmark. Performance is measured both by growth in employment as well as in the return on equity and profit share in turnover. The results suggest that differences in performance of patenting and non-patenting firms are very small, which questions the political...

Proceedings of the ENDOW workshop 'Offshore wakes: Measurements and modelling[Efficient Development of Offshore Windfarms

Energy Technology Data Exchange (ETDEWEB)

Barthelmie, R.J. (ed.)

2002-03-01

The papers presented in these Proceedings are the result of a workshop held at Risoe National Laboratory on March 7 and 8 2002 entitled 'Offshore Wakes: Measurements and Modelling'. The Workshop was arranged to showcase results of the European Community supported project 'Efficient Development of Offshore Windfarms (ENDOW)' and featured a series of eight presentations discussing modelling of wakes and boundary layers, existing and new measurements from offshore wind farms and how these will be linked in a new design tool and applied at planned offshore wind farms. In addition seven invited presentations covered a range of relevant topics from analytical approaches to fatigue and extreme loads in wind turbine clusters, current wake modelling in WAsP, optimising power production at Arklow Bank, Particle Image Velocimetry study of a wind turbine wake in a yaw, offshore wind measurements in Massachusetts, accuracy of SODAR measurements for wind energy and tidal influence of offshore wind speeds and turbulence. (au)

When Intra-Firm and Inter-Firm Collaborations Co-Occur

DEFF Research Database (Denmark)

Schleimer, Stephanie Christine; Sculman, Arthur D.

2011-01-01

There is evidence that intra-firm collaboration and inter-firm collaboration are important for new service development (NSD) and new product development (NPD) success. However, evidence of the contributions of each to innovative outcomes is inconsistent. This inconsistency is associated with the ...

Offshore wind development research.

Science.gov (United States)

2014-04-01

Offshore wind (OSW) development is a new undertaking in the US. This project is a response to : New Jerseys 2011 Energy Master Plan that envisions procuring 22.5% of the states power : originating from renewable sources by 2021. The Offshore Wi...

Offshore Fish Community: Ecological Interactions | Science ...

Science.gov (United States)

The offshore (>80 m) fish community of Lake Superior is made up of predominately native species. The most prominent species are deepwater sculpin, kiyi, cisco, siscowet lake trout, burbot, and the exotic sea lamprey. Bloater and shortjaw cisco are also found in the offshore zone. Bloater is abundant in the offshore zone but appears restricted to depths shallower than 150 m (Selgeby and Hoff 1996; Stockwell et al. 2010), although it occuppied greater depths several decades ago (Dryer 1966; Peck 1977). Shortjaw is relatively rare in the offshore zone (Hoff and Todd 2004; Gorman and Hoff 2009; Gorman and Todd 2007). Lake whitefish is also known to frequent bathymetric depths >100 m (Yule et al. 2008b). In this chapter, we develop a conceptual model of the offshore food web based on data collected during 2001-2005 and on inferences from species interactions known for the nearshore fish community. We then develop a framework for examination of energy and nutrient movements within the pelagic and benthic habitats of the offshore zone and across the offshore and nearshore zones. To document research results.

Management Control Systems in Subsidiaries of Multinationals in the Emerging Market of Central Eastern Europe

NARCIS (Netherlands)

Gusc, J.S.; Bremmers, H.J.; Omta, S.W.F.

2005-01-01

Using transaction cost theory and the theory of multinational enterprise, this study examines the extent of the degree to which management of multinational companies can control over its subsidiaries' configuration and coordination abilities. Empirical results showed that the subsidiaries enjoyed a

Offshore Wind Power Planning in Korea

DEFF Research Database (Denmark)

Seo, Chul Soo; Cha, Seung-Tae; Park, Sang Ho

2012-01-01

this possible, Korea has announced the National offshore power roadmap and is now in pursuit. However, large scale offshore wind farms can incur many problems, such as power quality problems, when connecting to a power system.[1][2] Thus, KEPCO is on the process of a research study to evaluate the effects...... that connecting offshore wind power generation to a power system has on the power system. This paper looks over offshore wind power planning in Korea and describes the development of impact assessment technology of offshore wind farms.......Wind power generation is globally recognized as the most universal and reliable form of renewable energy. Korea is currently depending mostly on coal and petroleum to generate electrical power and is now trying to replace them with renewable energy such as offshore wind power generation. To make...

The Impact of Headquarter and Subsidiary Locations on Multinationals' Effective Tax Rates

OpenAIRE

Kevin S. Markle; Douglas A. Shackelford

2013-01-01

We examine effective tax rates (ETRs) for 9,022 multinationals from 87 countries from 2006 to 2011. We find that, despite extensive investments in international tax avoidance, multinationals headquartered in Japan, the United States, and some high-tax European countries continue to face substantially higher worldwide taxes than their counterparts in havens and other less heavily taxed locations. Other findings include: (1) effective tax rates remained steady over the investigation period; (2)...

Human rights and multinational firm returns

NARCIS (Netherlands)

Dag, Nihat; Eije, Henk von; Pennink, Bartjan

1998-01-01

Corporate social responsibility receives increased attention in economic analysis and research, but the knowledge of the effect of ethical issues on company performance is still in its infancy. In this paper we attempt to measure the impact of the human rights issue with an event study. In

Offshore system for integration of the wind energy; Sistema offshore para integracao de energia eolica

Energy Technology Data Exchange (ETDEWEB)

Decker, Jan de [3E, Brussels (Belgium); Tambke, Jens [Universidade de Oldemburg (Germany). ForWind; Voelker, J. [Dena - Agencia Alema de Energia (Germany); Michalowska-Knap, Katarzyna [Instituto de Energia Renovavel (Poland)

2010-09-15

The Offshore Grid project aims to analyze the conditions required for the development of an offshore transmission network to integrate renewable energy (wind) to the national electrical systems, securely and efficiently. Regulatory aspects, technical, economic and political are considered, that will help the various players in the industry to have a common view on the offshore power grids in Europe.

A New Coordinated Voltage Control Scheme for Offshore AC Grid of HVDC Connected Offshore Wind Power Plants

DEFF Research Database (Denmark)

Sakamuri, Jayachandra N.; Cutululis, Nicolaos Antonio; Rather, Zakir Hussain

2015-01-01

This paper proposes a coordinated voltage control scheme (CVCS) which enhances the voltage ride through (VRT) capability of an offshore AC grid comprised of a cluster of offshore wind power plants (WPP) connected through AC cables to the offshore voltage source converter based high voltage DC (VSC......-HVDC) converter station. Due to limited short circuit power contribution from power electronic interfaced variable speed wind generators and with the onshore main grid decoupled by the HVDC link, the offshore AC grid becomes more vulnerable to dynamic voltage events. Therefore, a short circuit fault...... in the offshore AC Grid is likely to have significant implications on the voltage of the offshore AC grid, hence on the power flow to the onshore mainland grid. The proposed CVCS integrates individual local reactive power control of wind turbines and of the HVDC converter with the secondary voltage controller...

ARE SMALL-FIRM CLUSTERS EMERGENT PHENOMENA? EVIDENCE FROM ZIMBABWE’S SMALL FURNITURE- MANUFACTURING FIRMS

Directory of Open Access Journals (Sweden)

Godfrey MUPONDA

2014-07-01

Full Text Available The purpose of this study was to explore the reasons behind the rapid growth and apparent dynamism of Zimbabwe’s small-firm industrial clusters. The hypothesis behind the study was that these small-firm clusters are emergent phenomena. The study analysed the capital utilisation techniques of small firms located in a large industrial cluster in order to determine the factors that lead to the collective efficiency of such firms. The study found that, in comparison with large, stock exchange-listed firms, the cluster environment enables the small firm to operate from a relatively small capital base and also to use its capital more efficiently in creating revenues and profits. The individual firm does not have to invest its capital in a large assets base as this is done by a specialised group of firms within the cluster. Thus, the cluster has the characteristics of an emergent phenomenon.

Human factors and technology environment in multinational project: problems and solutions

International Nuclear Information System (INIS)

Jardi Besa, X.; Munoz Cervantes, A.

2012-01-01

At the onset of nuclear projects in Spain, there was an import of nuclear technology. In a second phase, there was a transfer of technology. Subsequently, there was an adaptation of the technology. In this evolution, comparable to that of other countries, were involved several countries, overcoming the difficulties of human factors involved. The current nuclear projects multinationals have a new difficulty: the different industrial technological environments. This paper will address the organizational challenges of multinational engineering projects, in the type of project and the human factors of the participating companies.

A Firm-Specific Analysis of the Exchange-Rate Exposure of Dutch Firms

NARCIS (Netherlands)

A. de Jong (Abe); J. Ligterink; V. Macrae

2002-01-01

textabstractWe examine the relationship between exchange-rate changes and stock returns for a sample of Dutch firms over 1994-1998. We find that over 50% of the firms are significantly exposed to exchange-rate risk. Furthermore, all firms with significant exchange-rate exposure benefit from a

Small Nations in Multinational Operations and Armenian Perspectives

Science.gov (United States)

2014-12-12

assigned in different positions gain experience in working in multinational and multicultural environments. 25 Megan Hart, “Kansas National Guard...comes from various internet publications and printed materials provided by the online Combined Arms Research Library . Although there were not many

Offshore concrete structures

International Nuclear Information System (INIS)

Lamas Pardo, M.; Carral Couce, L. M.

2011-01-01

In the offshore industry there are two possible materials for the construction of the hull of a structure; the steel and concrete, with the first one widely used until now, as in the rest of the shiphuidling industry of merchant ships, warships, etc. Materials such as aluminum, GRP or timber areused in small units with lengths lower than 100 m, and in less adverse conditions than in the offshore industry. Nevertheless, some ships/barges have been built of concrete in the past, but have been rather isolated cases which have not changed the practice in the industry. In the First and Second World War were built by the scarcity of materials, while the series of barges by Alfred A. Yee was a rare exception. Other units were also made in concrete, but almost anecdotal. Still, the behaviour of these concrete structures, especially in terms of maintenance, has been excellent. Therefore, the fact that the concrete has not had an adequate reception so far in shipbuilding, does not mean that in will not be the material best suited for the offshore industry in the future. The extra displacement and associated fuel costs in concrete ships have been found prohibitive in the past. But the loss of mobility of a concrete hull in relation to a steel hull can be perfectly offset by the advantages offered by the concrete, as the shipping and offshore industry have very different priorities. One of the main differences in these priorities is in terms of maintenance and resistance to fatigue, precisely where the concrete performs better. ships can easily be dry docked for maintenance and repair, while in the offshore platforms these works have to be done in situ so maintenance and fatigue are crucial to them. Besides these, the concrete has other advantages according to findings of several studies. And although they are interested in the conclusions that the makes as they came from people in the concrete industry, the fact that in recent years concrete offshore unit shave been built

Offshore Wind Market and Economic Analysis

Energy Technology Data Exchange (ETDEWEB)

Hamilton, Bruce Duncan [Navigant Consulting, Inc., Chicago, IL (United States)

2014-08-27

This report is the third annual assessment of the U.S. offshore wind market. It includes the following major sections: Section 1: key data on developments in the offshore wind technology sector and the global development of offshore wind projects, with a particular focus on progress in the United States; Section 2: analysis of policy developments at the federal and state levels that have been effective in advancing offshore wind deployment in the United States; Section 3: analysis of actual and projected economic impact, including regional development and job creation; Section 4: analysis of developments in relevant sectors of the economy with the potential to affect offshore wind deployment in the United States

Essays on Family Firms

OpenAIRE

Zhou, Haoyong

2012-01-01

The dissertation examines corporate performance and capital structure of family firms, contributing to the limited empirical research on family firms. Family firms are prevalent in national economies all over the world. It is the prevalence that makes family firms receive increasing attentions from academia. The dissertation consists of an introduction and three chapters. Each chapter is an independent paper. The first chapter is a joint work with Professor Morten Bennedsen and...

The economics of offshore wind

International Nuclear Information System (INIS)

Green, Richard; Vasilakos, Nicholas

2011-01-01

This paper presents an overview of the main issues associated with the economics of offshore wind. Investment in offshore wind systems has been growing rapidly throughout Europe, and the technology will be essential in meeting EU targets for renewable energy in 2020. Offshore wind suffers from high installation and connection costs, however, making government support essential. We review various support policies used in Europe, concluding that tender-based feed-in tariff schemes, as used in Denmark, may be best for providing adequate support while minimising developers' rents. It may prove economic to build an international offshore grid connecting wind farms belonging to different countries that are sited close to each other. (author)

The economics of offshore wind

Energy Technology Data Exchange (ETDEWEB)

Green, Richard; Vasilakos, Nicholas [Department of Economics, University of Birmingham, Birmingham B15 2TT (United Kingdom)

2011-02-15

This paper presents an overview of the main issues associated with the economics of offshore wind. Investment in offshore wind systems has been growing rapidly throughout Europe, and the technology will be essential in meeting EU targets for renewable energy in 2020. Offshore wind suffers from high installation and connection costs, however, making government support essential. We review various support policies used in Europe, concluding that tender-based feed-in tariff schemes, as used in Denmark, may be best for providing adequate support while minimising developers' rents. It may prove economic to build an international offshore grid connecting wind farms belonging to different countries that are sited close to each other. (author)

NREL Offshore Balance-of-System Model

Energy Technology Data Exchange (ETDEWEB)

Maness, Michael [National Renewable Energy Lab. (NREL), Golden, CO (United States); Maples, Benjamin [National Renewable Energy Lab. (NREL), Golden, CO (United States); Smith, Aaron [National Renewable Energy Lab. (NREL), Golden, CO (United States)

2017-01-01

The U.S. Department of Energy (DOE) has investigated the potential for 20% of nationwide electricity demand to be generated from wind by 2030 and, more recently, 35% by 2050. Achieving this level of wind power generation may require the development and deployment of offshore wind technologies. DOE (2008) has indicated that reaching these 2030 and 2050 scenarios could result in approximately 10% and 20%, respectively, of wind energy generation to come from offshore resources. By the end of 2013, 6.5 gigawatts of offshore wind were installed globally. The first U.S. project, the Block Island Wind Farm off the coast of Rhode Island, has recently begun operations. One of the major reasons that offshore wind development in the United States is lagging behind global trends is the high capital expenditures required. An understanding of the costs and associated drivers of building a commercial-scale offshore wind plant in the United States will inform future research and help U.S. investors feel more confident in offshore wind development. In an effort to explain these costs, the National Renewable Energy Laboratory has developed the Offshore Balance-of-System model.

Global Sourcing and Firm Selection

DEFF Research Database (Denmark)

Kohler, Wilhelm; Smolka, Marcel

2014-01-01

We analyze the sourcing strategies of firms active in the Spanish manufacturing sector. We show that firms that select strategies of vertical integration and of foreign sourcing ex post tend to have been more productive, ex ante, than other firms.......We analyze the sourcing strategies of firms active in the Spanish manufacturing sector. We show that firms that select strategies of vertical integration and of foreign sourcing ex post tend to have been more productive, ex ante, than other firms....

Democratizing the Multinational Corporation (MNC)

DEFF Research Database (Denmark)

Andersen, Torben Juul; Hallin, Carina Antonia

2017-01-01

insights that can be used strategically if management at headquarters is cognizant about its existence and able to collect this information. We introduce the notion of democratizing the strategic engagement of managers and employees at all levels and locations of the multinational corporation (MNC......) as an essential leadership paradigm. The implied interaction between slow central analytical reasoning at headquarters and updated insights from fast decentralized initiatives in local subsidiaries constitutes an effective dynamic responsive mechanism. This dynamic interaction implies that critical strategic...

Whom do new firms hire?

DEFF Research Database (Denmark)

Dahl, Michael S.; Klepper, Steven

2015-01-01

Using the matched employer-employee data set for Denmark and information on the founders of new firms, we analyze the hiring choices of all new firms that entered from 2003 to 2010. We develop a theoretical model in which the quality of a firm’s employees determines its average cost, a firm......, and firm size influence the wages firms pay to their early hires. We find that beginning with the time of entry, larger firms consistently pay higher wages to their new hires. These are firms with greater survival prospects at the time of entry based on the pre-entry backgrounds of their founders...

Offshore wind energy. An overview on the activities in Germany; Offshore-Windenergie. Ein Ueberblick ueber die Aktivitaeten in Deutschland

Energy Technology Data Exchange (ETDEWEB)

Worm, Anja [media consulta Deutschland GmbH, Berlin (Germany)

2013-02-15

The brochure under consideration provides an overview of the activities of offshore wind energy in Germany. The first offshore wind farms are built and generate more electricity than expected. The offshore wind farms serve as a field of learning for new technologies. The power of offshore wind farms opened new prospects for the economy. The northern Federal States of Germany as well as the traditional locations for mechanical engineering and steel production benefit from offshore wind energy.

Danish offshore wind - Key environmental issues

International Nuclear Information System (INIS)

2006-11-01

Danish experience from the past 15 years shows that offshore wind farms, if placed right, can be engineered and operated without significant damage to the marine environment and vulnerable species. The comprehensive environmental monitoring programmes of Horns Rev Offshore Wind Farm and Nysted Offshore Wind Farm confirm that, under the rieght conditions, even big wind farms pose low risk to birds, mammals and fish, even though there will be changes in the living conditions of some species by an increase in habitat heterogeneity. The monitoring also shows that appropriate siting of offshore wind farms is an essential precondition for ensuring limited impact on nature and the environment, and that careful spatial planning is necessary to avoid damaging cumulative impacts. Due consideration to limiting the impacts on nature together with positive attitudes towards offshore wind farms in local communities and challenging energy policy objectives at national and international levels mean that prospects look bright for future offshore expansion. (au)

Offshore Outsourcing

DEFF Research Database (Denmark)

Petersen, Bent; Benito, Gabriel R. G.; Dovgan, Olesya

While the extant literature on offshore outsourcing deals with this operation mode in isolation, and typically with a focus on cost effects, we address the broader question of how companies choose and use outsourcing as part of foreign operation mode development and as a contributor to internatio...... that outsourcing can be used proactively to promote expanded international operations.......While the extant literature on offshore outsourcing deals with this operation mode in isolation, and typically with a focus on cost effects, we address the broader question of how companies choose and use outsourcing as part of foreign operation mode development and as a contributor...

Do Private Firms Outperform SOE Firms after Going Public in China Given their Different Governance Characteristics?

Directory of Open Access Journals (Sweden)

Shenghui Tong

2013-06-01

Full Text Available This study examines the characteristics of board structure that affect Chinese public firm’s financial performance. Using a sample of 871 firms with 699 observations of previously private firms and 1,914 observations of previously state-owned enterprise (SOE firms, we investigate the differences in corporate governance between publicly listed firms that used to be pure private firms before going public and listed firms that used to be SOEs before their initial public offerings (IPOs. Our main finding is that previously private firms outperform previously SOE firms in China after IPOs. In the wake of becoming listed firms, previously SOE firms might be faced with difficulties adjusting to professional business practices to build and extend competitive advantages. In addition, favorable policies and assistance from the government to the SOE firms might have triggered complacency, especially in early years after getting listed. On the other hand, professional savvy and acumen, combined with efficiency and favorable business climate created by the government have probably led the previously private firms to improve their values stronger and faster.

EXPLAINING CORPORATE STRUCTURE:THE MD MATRIX, PRODUCT DIFFERENTIATION AND SIZE OF MARKET

OpenAIRE

Alessandro Sembenelli; Laura Rondi; Stephen W. Davies

1995-01-01

Conventional explanations of diversification and multinationality both point to the existence of intangible assets as a driving force. Using a new database of leading EU firms in 100 NACE 3-digit industries, we devise a classificatory scheme which allows us to analyze multinationality and diversification jointly. We find that product differentiation and home market primary industry size constraints impact differently on different types of diversified firms. For instance, it appears that the c...

Firm-specific factors and financial performance of firms in the Czech Republic

Directory of Open Access Journals (Sweden)

Pathirawasam Chandrapala

2013-01-01

Full Text Available The objective of this study is to investigate the role of internal factors in generating financial performance of firms in the Czech Republic. The paper examines the impact of firm specific factors on company financial performance of 974 firms in the Czech Republic over the period 2005 to 2008, using data in the Albertina database. Pooled and panel cross-sectional time series techniques are used for the data analysis. Return on Assets (ROA is the dependent variable of the model and eight firm specific factors are introduced as the explanatory variables. Using Return on Assets as the dependent variable, it is established that the firm size, sales growth and capital turnover are having significant positive impact on financial performance of firms. At the same time, debt ratio and inventory reflect significant negative impact on financial performance of firms. Overall explanatory powers of the two models are low and further research is necessary to increase the statistical power of the model. The results from the present study may be very encouraging and useful for managers as well as investors to plan investment and operational activities to achieve profitability objectives more efficiently and effectively. The findings have important managerial implications.

APPROACHING COMPETITIVENESS AT THE LEVEL OF MULTINATIONAL COMPANIES

Directory of Open Access Journals (Sweden)

DORINA NIŢĂ

2011-01-01

Full Text Available The competitiveness of multinational corporations is a particularly complex concept due to the fact that at present this type of company represents economic entities which continue to develop in the context of the process of internationalization and the transition to the use of global strategies. Competitiveness is a competition between corporations for new positions on the markets. With regard to the competitiveness of multinational corporations, the most accurate description was given by Gilbert Abraham Frois who believed these businesses must think globally, but act locally. In the competitive global market, emphasis is laid on plus – the value given by the competitiveness of the human element, taking into account the fact that the human resource doesn’t run out, and its value doesn’t decrease over time, but on the contrary, its value increases on condition that it is rigorously managed and developed.

Institutional arrangements for a multinational reprocessing plant

International Nuclear Information System (INIS)

Smith, C.B.; Chayes, A.

1977-01-01

The paper lists some of the major issues that would have to be faced in negotiating the institutional structure of a multinational nuclear-fuel center. None of the organization problems is inherently insoluble. Difficulties are exacerbated by the large number of questions, their interrelations, and the complexity of the assumed structure. However, the assumptions posed the most difficult case. A reduction in membership and in the ambitious scope of the enterprise, at least at the outset, would greatly reduce the complexity of the organizational structure and the difficulty of negotiations. The analysis suggests that multinational fuel-cycle activities should start out more modestly, perhaps only with joint appraisal by a relatively few countries with existing geographic or economic connections. If operations are contemplated it would seem that the first step should be joint arrangements for spent-fuel storage, with the decision to go forward to more elaborate activities deferred. This approach would not only be simpler and permit the parties to gain experience working together, but it would have the virtue of delaying reprocessing until it was clear that there was a real need for it. Even on this reduced basis, the negotiating task would not be easy. The key, of course, to overcoming difficult technical problems of institutional structure is politial will--the genuine commitment of the participants to the aims and values of the enterprise. This suggests that any effort to cajole--not to say coerce--participation in a multinational fuel-cycle enterprise would be wholly misplaced. A reluctant partner would have available an infinitude of points and issues to create plausible, irritating, and ultimately defeating delay and complication in the negotiating process. Only assent freely given in the perception that the enterprise really serves the interest of the countries involved will be able to surmount the many institutional problems that will inevitably arise

2016 Offshore Wind Market Report

Energy Technology Data Exchange (ETDEWEB)

Musial, Walter [National Renewable Energy Lab. (NREL), Golden, CO (United States); Beiter, Philipp [National Renewable Energy Lab. (NREL), Golden, CO (United States); Schwabe, Paul [National Renewable Energy Lab. (NREL), Golden, CO (United States); Tian, Tian [National Renewable Energy Lab. (NREL), Golden, CO (United States); Stehly, Tyler [National Renewable Energy Lab. (NREL), Golden, CO (United States); Spitsen, Paul [National Renewable Energy Lab. (NREL), Golden, CO (United States)

2017-08-07

The 2016 Offshore Wind Technologies Market Report is intended to provide stakeholders with quantitative information about the offshore wind market, technology, and cost trends in the United States and worldwide.

CFD for wind and tidal offshore turbines

CERN Document Server

Montlaur, Adeline

2015-01-01

The book encompasses novel CFD techniques to compute offshore wind and tidal applications. Computational fluid dynamics (CFD) techniques are regarded as the main design tool to explore the new engineering challenges presented by offshore wind and tidal turbines for energy generation. The difficulty and costs of undertaking experimental tests in offshore environments have increased the interest in the field of CFD which is used to design appropriate turbines and blades, understand fluid flow physical phenomena associated with offshore environments, predict power production or characterise offshore environments, amongst other topics.

Responsible tax as corporate social responsibility: the case of multinational enterprises and effective tax in India

NARCIS (Netherlands)

Muller, A.; Kolk, A.

2015-01-01

Anecdotal evidence often suggests that multinational enterprises (MNEs) operating in developing countries "exploit their multinationality" to avoid paying taxes to host governments. This article explores the concept of "responsible tax" as a corporate social responsibility (CSR) issue for MNEs,

Energy from Offshore Wind: Preprint

Energy Technology Data Exchange (ETDEWEB)

Musial, W.; Butterfield, S.; Ram, B.

2006-02-01

This paper provides an overview of the nascent offshore wind energy industry including a status of the commercial offshore industry and the technologies that will be needed for full market development.

Utilizing offshore potentials for wind power generation; Nutzung der Offshore-Potentiale fuer die Windenergie

Energy Technology Data Exchange (ETDEWEB)

Hannemann, H. [Neptun Industrie GmbH, Rostock (Germany)

2000-07-01

The contribution discusses the importance of the offshore market and recommends measures to develop it. A turnkey offer is required for exports, which means that all organisations cooperating in the pilot project must prove their competence. The status of a pilot project in the Baltic Sea and the further plans for the park (20 systems, 40 MW, more than 10 km off the coast, water depth about 20 m) are reviewed. [German] Zur Erschliessung des Offshore - Marktes fuer Windenergieanlagen ist es erforderlich, die Technologie ''vor der eigenen Haustuer'' demonstrieren zu koennen. Nach einer Betrachtung der europaeischen Offshore - Windenergie - Potentiale und der davon moeglicherweise nutzbaren Anteile wird die Bedeutung des Offshore - Marktes deutlich. Besonders fuer die Hersteller ist der Offshore - Markt fuer den langfristigen Export von besonderer Bedeutung. Um den Export zu realisieren, ist ein Turnkey - Angebot erforderlich, so dass im Pilotprojekt alle an der gesamten Realisation beteiligten Organisationen ihre Kompetenz beweisen muessen und koennen. Der Stand eines Pilotprojektes in der Ostsee und die weitere Planung fuer den Park (20 Anlagen, 40 MW, >10 km Kuestenentfernung, ca. 20 m Wassertiefe) wird dargestellt. (orig.)

Serving low-income markets : Rethinking multinational corporations' strategies

NARCIS (Netherlands)

Sadreghazi, S.; Duijsters, G.M.; Dolfsma, W.; Duysters, G.M.; Costa, I.

2009-01-01

The global economy is changing rapidly and multinational corporations (MNCs) are at the forefront of this transformation. This book provides novel and profound analyses of how MNCs and emerging economies are related, and how this relationship affects the dynamics of the global economy. In

Development of Barnwell as a multinational demonstration facility

International Nuclear Information System (INIS)

Colby, L.J. Jr.

1977-01-01

The author takes an existing private business venture (Barnwell) with its assets of facilities, personnel, technology and domestic business commitments (past, present, and future) and develops a role for it which will be compatible with the advancement of multinational reprocessing facilities under international control

Firm-Specific Learning and the Nature of the Firm

DEFF Research Database (Denmark)

Knudsen, Thorbjørn

2007-01-01

that a conjoint research program, encompassing both transaction costs and capabilities, must be developed and tested empirically. Cet article discute les limites d'une explication de l'existence de la firme fondée exclusivement sur les coûts de transaction en indiquant quelques facteurs additionnels susceptibles...... d'intervenir. Un modèle heuristique simple montre que les effets d'apprentissage spécifiques à la firme peuvent surmonter les coûts de surveillance des employés et expliquer l'existence de la firme même en l'absence de coûts de transaction liés au mode d'organisation de marché. Une comparaison de l......'importance relative des explications fondées sur les coûts de transaction et celles fondées sur les compétences en ce qui concerne l'existence de la firme montre qu'il n'y a aucune raison a priori de supposer la suprématie d'un type d'explication à l'autre. Nous soutenons qu'un programme de recherche conjoint...

Wind energy in offshore grids

Energy Technology Data Exchange (ETDEWEB)

Schroeder, S.T.

2013-01-15

This cumulative PhD thesis deals with wind integration in offshore grids from an economic point of view. It is composed of a generic part and eight papers. As the topic has mostly been analysed with a focus on topology and technical issues until now, market-operational questions in offshore grids and investment implications under different regulatory frameworks are a hitherto underrepresented research field. They are addressed by this thesis. Offshore grids between several countries combine the absorption of wind energy with international power trading. However, the inclusion into an offshore grid affects the economics of an offshore wind park. It is shown that the spot market income is lower if an offshore wind farm is placed in an interconnector and subject to nodal pricing instead of having a national affiliation. Moreover, congestion in the interconnector can prevent the wind farm from correcting its wind forecast errors in a specific onshore balancing group. An analytical approach with a transmission system operator and a wind farm as stakeholders illustrates resulting incentives for strategic behaviour. Depending on the regulatory regime, they may be inclined to announce more or less generation than expected at the closure of the day-ahead spot market. This can lead to a suboptimal utilisation of the infrastructure and associated socio-economic losses. These and possibly undesired reallocative effects between the parties can be avoided if the regulatory regime is adjusted to reflect special characteristics of offshore grids. With an operational real options approach, it is furthermore illustrated how different support schemes and connections to additional countries affect the investment case of an offshore wind farm and the income of the transmission system operator. The investment framework has also been addressed with a policy study about possible combinations of support schemes and international cooperation mechanisms between countries to achieve their

Decision-making regarding restructuring in multinational enterprises.

OpenAIRE

Ghertman M

1986-01-01

ILO pub. Working paper, evaluation of three case studies of decision making regarding enterprise restructuring in multinational enterprises originating in Canada, the USA and Western Europe - examines the role of management attitude, business organization, capital resources and size of enterprise in determining subsidiary enterprise creation, enterprise takeover, plant shutdown, resource allocation, labour utilization, etc. Diagrams, organigrams, references, tables.

Stakeholder Governance, Competition and Firm Value

OpenAIRE

Allen, Franklin; Carletti, Elena; Marquez, Robert

2014-01-01

In many countries, the legal system or social norms ensure that firms are stakeholder oriented. We analyze the advantages and disadvantages of stakeholder-oriented firms that are concerned with employees and suppliers compared to shareholder-oriented firms in a model of imperfect competition. Stakeholder firms are more (less) valuable than shareholder firms when marginal cost uncertainty is greater (less) than demand uncertainty. With globalization shareholder firms and stakeholder firms ofte...

Decision-making in multinational enterprises: concepts and research approaches.

OpenAIRE

Ghertman M

1984-01-01

ILO pub. Working paper on decision making processes in multinational enterprises - gives definition, type and classification of decision making in large enterprises; outlines the centralization decentralization theory and the iterative process; notes research needs. Bibliography.

Firm Exit, Technological Progress and Trade

DEFF Research Database (Denmark)

Schröder, Philipp; Sørensen, Allan

The dynamics of export market exit and firm closure have found limited attention in the new heterogeneous-firms trade literature. In fact, several of the predictions on firm survival and exit stemming from this new class of models are at odds with the stylized facts. Empirically, higher productiv......The dynamics of export market exit and firm closure have found limited attention in the new heterogeneous-firms trade literature. In fact, several of the predictions on firm survival and exit stemming from this new class of models are at odds with the stylized facts. Empirically, higher...... productivity firms survive longer, most firm closures are young firms, higher productivity exporters are more likely to continue to export compared to less productive exporters and market exits as well as firm closures are typically preceded by periods of contracting market shares. The present paper shows...... liberalization on export market exit and firm closure....

Corporate Governance Provisions, Family Involvement, and Firm Performance in Publicly Traded Family Firms

Directory of Open Access Journals (Sweden)

Esra Memili

2015-07-01

Full Text Available This study examines the moderation effects of corporate governance provisions on the link between family involvement (i.e., family ownership and family management in publicly-traded firms and firm performance by drawing upon agency theory, with a focus on principal-principal agency issues, and the extant family governance literature. We develop and test the hypotheses on 386 of the S&P 500 firms longitudinally. Findings support the hypotheses suggesting the moderation effects of the use of provisions (a protecting controlling owners in terms of their sustainability of controlling status, and (b protecting management legally on the inverted U-shaped relationship between family ownership and firm performance. We also found support for the moderation effects of provisions (c protecting controlling owners in terms of their voting rights, (d protecting noncontrolling owners, and (e protecting management monetarily on the inverted U-shaped relationship between family management and firm performance. By this, our study provides empirical support for the principal-principal agency perspective on the corporate governance in publicly-traded family firms. As such, it suggests new avenues of research for both the corporate governance literature, as well as for the theory of the family firm. Our study also offers insights to policy directed toward monitoring the actions of large shareholders such as family and enhancing the overall shareholder value in publicly-traded family firms.

The Economic Geography of Offshoring

DEFF Research Database (Denmark)

Ørberg Jensen, Peter D.; Pedersen, Torben

2011-01-01

when distinguishing between standardized and advanced activities. Asia attracts as many advanced activities as Western Europe while North America attracts more advanced activities even in manufacturing. Central and Eastern Europe attract offshoring in manufacturing and IT, but the activities...... that are offshored to these regions are typically not advanced. One important theoretical implication of this study is that a more detailed understanding of the nature of offshored activities is needed, since such attributes appear to be an important determinant of location choice....

New conceptual design for offshore wind power substations; Nuevo diseño conceptual de subestación eólica marina

Energy Technology Data Exchange (ETDEWEB)

NONE

2016-07-01

The presentation of the new offshore wind power substation project, Marin-el, took place last December at an event held at the Higher School of Naval Engineering (ETSIN), part of the Universidad Politécnica de Madrid (UPM). The project is headed up by Iberdrola and backed by the Government of the Basque Country with a project consortium featuring the participation of the Tecnalia technological centre and the Construcciones Navales del Norte (La Naval) shipyard among other firms from the naval and renewable energies sectors. (Author)

Lean Manufacturing Implementation for Multinational Companies with Production Subsidiary in Brazil: Development of A Roadmap

Directory of Open Access Journals (Sweden)

L. Goehnera,

2016-06-01

Full Text Available Foreign multinational companies with a production subsidiary in Brazil are in general recognized as high-level productive companies; however, their productivity potential is mostly not fully achieved. Lean Manufacturing (LM has been proved as a valuable aid to achieve competitiveness in the long run. Regarding the rising importance of successfully implementing LM at multinationals in Brazil and an apparent lack of discussion regarding LM in Brazil this paper aims to propose a comprehensive implementation roadmap, which enables a multinational on a basis of a systematic approach, to achieve an advanced sustainable LM system in a practical manner. The insights of literature and case studies are combined to develop the roadmap. The roadmap was developed so that both companies, those, which have not started yet their journey towards LM, as well as those that have taken already the first steps can use the roadmap. However, the roadmap was built on a broad empirical basis. It should be noticed that it is impossible to consider all factors influencing the LMI at multinationals operating in Brazil in a real world setting. As a result, the roadmap should not be regarded as a ready implementation plan, which has to be strictly followed. Instead, it should be seen as a guideline, which helps a multinational to develop its own, detailed and fitted plan for successfully implementing LM and establishing a learning organization.

Offshore atomic power plants

International Nuclear Information System (INIS)

Anon.

1975-01-01

Various merits of offshore atomic power plants are illustrated, and their systems are assessed. The planning of the offshore atomic power plants in USA is reviewed, and the construction costs of the offshore plant in Japan were estimated. Air pollution problem may be solved by the offshore atomic power plants remarkably. Deep water at low temperature may be advantageously used as cooling water for condensers. Marine resources may be bred by building artificial habitats and by providing spring-up equipments. In the case of floating plants, the plant design can be standardized so that the construction costs may be reduced. The offshore plants can be classified into three systems, namely artificial island system, floating system and sea bottom-based system. The island system may be realized with the present level of civil engineering, but requires the development of technology for the resistance of base against earthquake and its calculation means. The floating system may be constructed with conventional power plant engineering and shipbuilding engineering, but the aseismatic stability of breakwater may be a problem to be solved. Deep water floating system and deep water submerging system are conceivable, but its realization may be difficult. The sea bottom-based system with large caissons can be realized by the present civil engineering, but the construction of the caissons, stability against earthquake and resistance to waves may be problems to be solved. The technical prediction and assessment of new plant sites for nuclear power plants have been reported by Science and Technology Agency in 1974. The construction costs of an offshore plant has been estimated by the Ministry of International Trade and Industry to be yen71,026/kW as of 1985. (Iwakiri, K.)

Multinational corporations and skills development in Nigeria: the ...

African Journals Online (AJOL)

The quest for skills development perhaps accounts for why developing countries like Nigeria attract multinational corporations (MNCs) to their territories to invest in their economies. MNCs are the custodians of skills vital for social and economic transformation of any nation. However, despite their skills advantage, Nigeria ...

Multinational design evaluation programme. Annual Report April 2016-April 2017

International Nuclear Information System (INIS)

2017-08-01

The Multinational Design Evaluation Program (MDEP) is a multinational initiative to leverage the resources and knowledge of national regulatory authorities that are currently, or will shortly be, undertaking the review of new reactor power plant designs. MDEP was launched in 2006. In the past ten years, MDEP's reputation as an effective organisation for leveraging the resources and experiences of multiple nations in the regulatory review of new reactors has grown significantly. As a result, the portfolio of new reactor designs that are being addressed have increased from two in 2006 to five in 2017, with a possibility of adding more new reactor designs in the coming years. MDEP's membership has grown from the original 10 national regulators to 15. Over the past year, MDEP design specific working groups have all completed their common positions to address the impact of the Fukushima Daiichi nuclear power plant accident on new reactor designs. New reactor commissioning activities are a major part of all design specific working groups. The EPR and AP1000 Working Groups are particularly active in this area, as together they are overseeing 12 new reactor constructions worldwide. The design specific working groups have finalised a common position to provide high-level guidance to applicants and licensees that wish to take credit for a first plant only test (FPOT). This common position was first implemented in March 2017 at the Taishan 1 plant in China, where regulators and licensees from the United Kingdom, France and Finland witnessed reactor pressure vessel internals vibration tests. The FPOT marked a significant milestone for MDEP since it provided a unique opportunity for regulators involved to demonstrate the efficiency of using common positions to effectively collaborate and share information on test results. This model should be followed as much as possible in other MDEP co-operation areas. Another significant step in multinational regulatory co

Firming Up Inequality

OpenAIRE

Jae Song; David J. Price; Fatih Guvenen; Nicholas Bloom; Till von Wachter

2015-01-01

Earnings inequality in the United States has increased rapidly over the last three decades, but little is known about the role of firms in this trend. For example, how much of the rise in earnings inequality can be attributed to rising dispersion between firms in the average wages they pay, and how much is due to rising wage dispersion among workers within firms? Similarly, how did rising inequality affect the wage earnings of different types of workers working for the same employer—men vs. w...

What Do We Know About Base Erosion and Profit Shifting? A Review of the Empirical Literature

OpenAIRE

Dhammika Dharmapala

2014-01-01

The issue of tax-motivated income shifting within multinational firms has attracted increasing global attention in recent years. It is of central importance to many current policy debates, including those related to recent initiatives by the OECD on base erosion and profit shifting (BEPS) and to proposals for US tax reform in a territorial direction. This paper provides a survey of the empirical literature on tax-motivated income-shifting within multinational firms. Its emphasis is on clarify...

NEW OFFSHORE LOCATIONS IN THE EUROPEAN UNION

Directory of Open Access Journals (Sweden)

RADULESCU IRINA GABRIELA

2014-05-01

Full Text Available The offshore activity provides benefits for the host market and has positive effects on services, and on producers that use intermediate services. FDI in services has an important impact on the offshore activity, especially through transfer of technology. Many transnational companies have recognized the advantages of offshoring and the fact that it becomes a key globalization force. Recently, the Central European countries have become popular destinations among offshoring

A firm-specific exposure analyis of the exchange-rate exposure of Dutch firms

NARCIS (Netherlands)

de Jong, A.; Ligterink, J.; Macrae, V.

2006-01-01

We examine the relationship between exchange-rate changes and stock returns for a sample of Dutch firms over 1994-1998. We find that over 50 per cent of the firms are significantly exposed to exchange-rate risk. Furthermore, all firms with significant exchange-rate exposure benefit from a

Noise from offshore wind turbines

Energy Technology Data Exchange (ETDEWEB)

Soendergaard, B.; Plovsing, B.

2005-07-01

Noise assessment of wind turbines through calculations is based on sound power levels measured according to e.g. IEC 61400-11. With larger wind turbines and distances some of the calculation models give erroneous results. Noise propagation over water is different from propagation over land. For that reason it is important be able to make valid noise assessments for offshore wind farms. A suggestion for an offshore measurement method is described and a survey of models for noise propagation offshore has been made. (au)

COEXISTENCE OF PRIVATE FIRMS AND OPEN SOURCE FIRMS UNDER SPILLOVERS AND CONSUMER BIAS

Directory of Open Access Journals (Sweden)

Murat YILMAZ

2017-12-01

Full Text Available Open source technologies have been an important divergence from the private produc- tion, and some markets have accommodated both open source firms and private firms. We explore the conditions under which such a coexistence of both type of firms can be seen. Through a simple and tractable game theoretical model, with spillovers on the open source production and positive consumer bias for the privately produced good, we analyze the conditions for which, in the equilibrium, a private firm and an open source firm share the market. We find that for large enough consumer bias, the two types cannot coexist, however when the consumer bias is relatively low and the spillover effect is not too strong, then we get a coexistence result.

The impact of environmental supply chain sustainability programs on shareholder wealth

NARCIS (Netherlands)

Dam, Lammertjan; Petkova, Boyana

2014-01-01

Purpose - Multinationals are increasingly pressured by stakeholders to commit to environmental sustainability that exceeds their own firm borders. As a result, multinationals have started to commit to environmental supply chain sustainability programs (ESCSPs). However, little is known about whether

The impact of environmental supply chain sustainability programs on shareholder wealth

NARCIS (Netherlands)

Dam, L.; Petkova, B.N.

2014-01-01

Purpose: Multinationals are increasingly pressured by stakeholders to commit to environmental sustainability that exceeds their own firm borders. As a result, multinationals have started to commit to environmental supply chain sustainability programs (ESCSPs). However, little is known about whether

Econometric Study of the Relationship between Dimensions of Corporate Responsibility in the Multinational Companies

OpenAIRE

Grosu Maria

2012-01-01

Corporate Responsibility, seen as a fundamental principle of corporate governance, aims contribution must have companies in the development of the modern society. Although it is widely discussed in the literature, the association of corporate responsibility - multinationals assumes, that the globalization of business, multinational companies are ones that have to initiate socially responsible actions, in order to meet changing requirements interest of more sophisticated. Most studies focused ...

Effect of Work-Life Balance Practices on Firm Productivity: Evidence from Japanese firm-level panel data

OpenAIRE

YAMAMOTO Isamu; MATSUURA Toshiyuki

2012-01-01

This paper examines how firm practices that could contribute to worker attainment of work-life balance (WLB) affect the total factor productivity (TFP) of a firm, by using panel data of Japanese firms from the 1990s. We observed a positive correlation between the WLB practices and TFP among sampled firms. However, that correlation vanished when we controlled for unobserved firm heterogeneity, and we found no general causal relationship in which WLB practices increase firm TFP in the medium or...

Social Networking as a Facilitator for Lifelong Learning in Multinational Employee’s Career

OpenAIRE

Andreea Nicoleta VISAN; Florentina Marinela OLTEANU

2017-01-01

This paper discusses how multinational employees who are leaving in Bucharest, Romania use social networks as a tool for their everyday tasks and work, and how they want to satisfy their personal development needs by having access to information from these digital platforms. The case study described was conducted in Bucharest in 2017 and followed a results analysis with structured tables and graphs. In the study took part 24 participants who were selected among multinational IT employees in B...

Value-Chain Networks and Entrepreneurial Output in Multinational Subsidiaries

DEFF Research Database (Denmark)

Dimitratos, Pavlos; Andersson, Ulf; Liouka, Ioanna

2011-01-01

on their entrepreneurial output. Entrepreneurial output can generate superior performance and positive externalities to the subsidiary. Based on a large-scale study of 268 multinational subsidiaries in the UK, we find that value-chain networks have a higher positive impact than multinational corporation (MNC) networks...... and non value-chain networks; because they may provide the subsidiary knowledge with market opportunities that it lacks and that the other types of networks cannot effectively provide. However, value-chain networks have a negative effect on entrepreneurial output of a subsidiary operating...... in an environment of high uncertainty; because they can constrain the exploration and creation of new knowledge that cannot be provided by any of the networks. Contrary to our expectations, the combined effect of value-chain and non-value chain networks has a negative influence on entrepreneurial output; and...

Some characteristics of offshore operations

Directory of Open Access Journals (Sweden)

Popov Đorđe

2011-01-01

Full Text Available Offshore operations are not on the margins of the world economy. They are an integral part of modern business practice. They have become one of the most important instruments in the contemporary globalized financial system. Offshore operations and tax havens are not only conduits for tax avoidance and evasion but belong more broadly to the world of finance, for the business of managing the monetary resources of an organization, country or individuals. Offshore business operating in tax havens is at the heart of a particular type of globalization that is characterized by a growing gap between the very rich and everyone else. Tax havens are financial conduits that, in exchange for a fee, use their one principal asset- their sovereignty to serve a nonresident constituency of accountants and lawyers, bankers and financiers, who bring a demand for offshore operations.

Evaluating the Investment Benefit of Multinational Enterprises' International Projects Based on Risk Adjustment: Evidence from China

Science.gov (United States)

Chen, Chong

2016-01-01

This study examines the international risks faced by multinational enterprises to understand their impact on the evaluation of investment projects. Moreover, it establishes a 'three-dimensional' theoretical framework of risk identification to analyse the composition of international risk indicators of multinational enterprises based on the theory…

Offshore Wind Turbine Foundation Design

OpenAIRE

Passon, Patrik; Branner, Kim; Larsen, Søren Ejling; Hvenekær Rasmussen, Jørgen

2015-01-01

Offshore vindenergi er i høj grad modnet i det seneste årti med en årligt installeret kapacitet på mere end1 GW. En vigtig faktor for den videre udvikling af offshore vindenergi i stor målestok, er en reduktion af de samlede udgifter til produceret energi. I betragtning af for eksempel faldet i olieprisen siden sommeren 2014 og dens fortsatte fald ind i 2015, er det endnu vigtigere at sænke omkostningerne til etablering af vedvarende energikilder såsom offshore vindenergi, for at nå frem til ...

Orchestration of Globally Distributed Knowledge within MNC Network

DEFF Research Database (Denmark)

Sajadirad, Solmaz; Lassen, Astrid Heidemann; Søberg, Peder Veng

2017-01-01

distributed knowledge in multinational companies. The findings also indicate that adoption of different knowledge orchestration approaches by companies can be influenced by headquarter-subsidiaries relationship, type of products, knowledge relevance between headquarter and subsidiaries, and level...... on knowledge orchestration in multinational companies. By introducing a dynamic view of the use of inter-firm objects, facilitating collaboration between headquarters and subsidiaries, our findings would help multinational companies improve headquarter-subsidiaries relationship in favor of the efficiency......This paper explores how the use of inter-firm objects within different knowledge orchestration processes affects collaboration between headquarter and distributed subsidiaries. The discussion focuses on different approaches to knowledge orchestration based on combinations of the use of inter...

Multinational subsidiary knowledge protection - Do mandates and clusters matter?

NARCIS (Netherlands)

Sofka, Wolfgang; Shehu, Edlira; de Faria, Pedro

2014-01-01

International knowledge spillovers, especially through multinational companies (MNCs), have recently been a major topic of academic and management debate. However, most studies treat MNC subsidiaries as relatively passive actors. We challenge this assumption by investigating the drivers of knowledge

Multinationals, CSR and Partnerships in Central African Conflict Countries

NARCIS (Netherlands)

A. Kolk (Ans); F. Lenfant (François)

2011-01-01

textabstractAttention has increased for the potential role of Multinational Enterprises (MNEs) in helping address conflict issues and/or furthering peace and reconciliation as part of their corporate social responsibility policies. However, while existing literature emphasises the importance for

Development of Offshore Wind Power Industry

Institute of Scientific and Technical Information of China (English)

Liu Xiao

2011-01-01

The offshore wind power development target as initially proposed in "The 12=Five-Year" on energy recourses development and renewable energy recourses currently under development is to reach 5m KW by 2015 and 30m KW by 2020. With the unfolding of offshore wind turbine planning from different areas, the curtain of offshore wind power development for our country's "The 12=Five-Year" has been opened.

Managing Risk Areas in Software Development Offshoring

DEFF Research Database (Denmark)

Persson, John Stouby; Schlichter, Bjarne Rerup

2015-01-01

Software companies are increasingly offshoring development to countries with high expertise at lower cost. Offshoring involves particular risk areas that if ignored increase the likelihood of failure. However, the offshoring client’s maturity level may influence the management of these risk areas...

The Cultural Challenges of Managing Global Project Teams: A Study of Brazilian Multinationals

Directory of Open Access Journals (Sweden)

Ivete Rodrigues

2013-04-01

Full Text Available The internationalization of Brazilian companies brings a new reality: the need for implementation of global projects that bring, in turn, the challenge of managing multicultural teams. Since this is a recent phenomenon with little theoretical development, this study sought to understand the relationships between cultural characteristics and management teams of global projects in Brazilian multinationals. To carry this discussion forward, we studied six cases of Brazilian multinational companies, with the aim of deepening the understanding of the management of global teams, involving the planning, deployment, development and management of human resources. Among the projects studied, it was found that there is very little concern with the specific issue of multiculturalism and little inter-cultural incentive to the development of team members, which ends up hindering the construction of a global mindset, important for the Brazilian multinational companies to perform successfully abroad. Faced with this situation, each of the managerial processes mentioned were presented with a number of actions to be undertaken by the project manager in three different dimensions: the project itself, the organization and the global environment. The work contributes, thus, to enable Brazilian multinational companies to manage their global teams in order to maximize the advantages of global teams, such as increased creativity and innovative capacity, but avoid the problems that multiculturalism can bring, ranging from conflicts between people to project failure.

Organizational learning capability, firm innovativeness, and firm performance: A meta-analysis

DEFF Research Database (Denmark)

Schlägel, Christopher; Reichel, Lisa-Marie; Richter, Nicole Franziska

In the last twenty years a growing number of empirical studies tested the association be-tween organizational learning capability (OLC) and various economic outcomes. While these studies have provided a better understanding of these relationships, the literature is characterized by the use...... different measures. Based on 53 studies (13,663 firms), we (a) provide a systematic overview of the most commonly used OLC measures, (b) use meta-analytic techniques to highlight the relevance of OLC for firm innovativeness (ruc = .39) and firm perfor-mance (ruc = .41), and (c) explore the unique and common...

The effects of meshed offshore grids on offshore wind investment – a real options analysis

DEFF Research Database (Denmark)

Schröder, Sascha Thorsten; Kitzing, Lena

2012-01-01

Offshore wind farms in future meshed offshore grids could be subject to different regulatory regimes. Feed-in tariffs would absorb market risk from wind farm operators, whereas price premium mechanisms leave operators exposed to market price signals. In this case, it plays a decisive role which...... price applies to a node in an offshore grid. The offshore node will either be integrated into any of the neighbouring markets, with access to the respective maximum price, or be subject to separate nodal pricing. We investigate the different regulatory regimes for connections to one to four countries...... based on a stochastic model capturing uncertainties in prices and line failures. The stochastic analysis shows that in case the wind park is granted access to the respective maximum price, there is a significant option value connected to the operational flexibility of accessing several markets: The wind...

The effects of meshed offshore grids on offshore wind investment – a real options analysis

DEFF Research Database (Denmark)

Schröder, Sascha Thorsten; Kitzing, Lena

2012-01-01

based on a stochastic model capturing uncertainties in prices and line failures. The stochastic analysis shows that in case the wind park is granted access to the respective maximum price, there is a significant option value connected to the operational flexibility of accessing several markets: The wind......Offshore wind farms in future meshed offshore grids could be subject to different regulatory regimes. Feed-in tariffs would absorb market risk from wind farm operators, whereas price premium mechanisms leave operators exposed to market price signals. In this case, it plays a decisive role which...... price applies to a node in an offshore grid. The offshore node will either be integrated into any of the neighbouring markets, with access to the respective maximum price, or be subject to separate nodal pricing. We investigate the different regulatory regimes for connections to one to four countries...

Firm Search for External Knowledge

DEFF Research Database (Denmark)

Sofka, Wolfgang; Grimpe, Christoph

2012-01-01

ignored the institutional context that provides or denies access to external knowledge at the country level. Combining institutional and knowledge search theory, we suggest that the market orientation of the institutional environment and the magnitude of institutional change influence when firms begin......The innovation performance of modern firms is increasingly determined by their ability to search and absorb external knowledge. However, after a certain threshold firms "oversearch" their environment and innovation performance declines. In this paper, we argue that prior literature has largely...... to experience the negative performance effects of oversearch. Based on a comprehensive sample of almost 8,000 firms from ten European countries, we find that institutions matter considerably for firms' search activity. Higher market orientation of institutions increases the effectiveness of firms' search...

Multinationals, CSR and partnerships in Central African conflict countries

NARCIS (Netherlands)

Kolk, A.; Lenfant, F.

2013-01-01

Attention has increased for the potential role of multinational enterprises (MNEs) in helping address conflict issues and/or furthering peace and reconciliation as part of their corporate social responsibility (CSR) policies. However, while existing literature emphasises the importance for MNEs to

Taxes and Decision Rights in Multinationals

DEFF Research Database (Denmark)

Nielsen, Søren Bo; Raimondos-Møller, Pascalis; Schjelderup, Guttorm

2006-01-01

We examine how a multinational's choice to centralize or de-centralize itsdecision structure is affected by country tax differentials. Within a simple model that emphasizes the multiple conflicting roles of transfer prices in MNEs — here, as a strategic pre-commitment device and a tax manipulation...... commitment and non-commitment to transfer prices, and for alternative modes of competition.Keywords: Centralized vs. de-centralized decisions, taxes, transfer prices, MNEs.JEL-Classification: H25, F23, L23....

The budgeting and reporting process of a multinational organisation across regions and trade centres

OpenAIRE

Robusti, Fiorenza

2012-01-01

In the contemporary international business environment, a multinational organisation faces great challenges when it comes to budgeting and reporting. The complexity of budgeting and reporting is even greater when it implies the coordination of budgets and reports of trade centres located in other countries than the country of origin. A multinational organisation often adopts the participative budgeting method. The purpose of participative budgeting is to involve managers at lower manage...

The relationship between strategic type and firm capabilities in Chinese firms

NARCIS (Netherlands)

Benedetto, Di A.C.; Song, X.M.

2003-01-01

Proposes that firms of different Miles and Snow strategic types will have different bundles of firm-level capabilities; that is, certain capabilities will be more important to certain strategic types. Specifically, proposes that prospectors have greater relative inside-out capabilities and

Wave Run-Up on Offshore Windturbine Foundations

DEFF Research Database (Denmark)

Frigaard, Peter; De Vos, Leen

2005-01-01

In the last decade, several offshore wind-farms are built and offshore wind energy promises to be a suitable alternative to provide green energy. However, there still are some engineering challenges in placing the wind turbine foundations offshore. For example, unexpected damage to boat landing...

China: an emerging offshore wind development hotspot. With a new assessment of China's offshore wind potential

Energy Technology Data Exchange (ETDEWEB)

Reinvang, Rasmus; Enslow, Rachel; Beaumont, Hubert

2010-08-15

This study provides new and more detailed estimates of the offshore wind energy resources in China, with particular focus on Southern China. The study points out that the offshore wind industry is ramping up in China with at least 11.9GW in the development pipeline per April 2010. The study estimates the offshore wind potential of China (excluding Taiwan) to 11,580TWh/year. The study proves estimates and wind energy resource maps per province. Fujian, Zhejiang and Hainan stand out with the highest offshore wind speeds in China while Guangdong also shows significant potential, with annual wind speed averages of 6.5-10.2m/s and an energy density range of 12-36GWh/km2. Even though current offshore wind development is mainly taking place in Fujian and Jiangsu, this study shows that the potential is likely even greater in other provinces. The study was developed by the Chinese Wind Energy Association (CWEA) and Sun Yat-sen University, and commissioned by WWF as part of a project funded by the Norwegian Agency of development Coopeartion (Norad). Methodology and constraints: The wind resource analysis improves upon previous studies in estimating the wind energy generation potential for offshore wind power in China, with available meteorological data adjusted for influence of typhoons. The study models how much energy offshore wind can produce along China's coast up to 100km from the shore by calculating the energy output of theoretical wind farms by applying the power curve of a 3MW turbine at a 100m hub height. In addition the study further expands by giving special consideration to the deep-sea offshore potential at +50m water depths. The study focuses particularly on the coastline from Shandong down to Hainan. The final results provide good indication of the offshore wind resource in China when comparing one area to the other. The report can therefore be used as a preliminary tool to identifying most interesting provinces and locations for offshore wind

2016 Offshore Wind Technologies Market Report

Energy Technology Data Exchange (ETDEWEB)

Musial, Walter; Beiter, Philipp; Schwabe, Paul; Tian, Tian; Stehly, Tyler; Spitsen, Paul; Robertson, Amy; Gevorgian, Vahan

2017-08-08

The 2016 Offshore Wind Technologies Market Report was developed by the National Renewable Energy Laboratory (NREL) for the U.S. Department of Energy (DOE) and is intended to provide offshore wind policymakers, regulators, developers, researchers, engineers, financiers, and supply chain participants, with quantitative information about the offshore wind market, technology, and cost trends in the United States and worldwide. In particular, this report is intended to provide detailed information on the domestic offshore wind industry to provide context to help navigate technical and market barriers and opportunities. The scope of the report covers the status of the 111 operating offshore wind projects in the global fleet through December 31, 2016, and provides the status and analysis on a broader pipeline of 593 projects at some stage of development. In addition, this report provides a wider assessment of domestic developments and events through the second quarter of 2017 to provide a more up-to-date discussion of this dynamically evolving industry.

Search Results | Page 908 | IDRC - International Development ...

International Development Research Centre (IDRC) Digital Library (Canada)

Results 9071 - 9080 of 9580 ... ICT sectors and clusters, local firms performance and employment ... ICT firms and foreign multinational corporations (MNCs) with presences in Cos ... trade facilitation, trade finance and communication technology.

Social security and firm performance

DEFF Research Database (Denmark)

Lee, Sangheon; Torm, Nina

2017-01-01

This article investigates how social security provision - a key determinant of formality - impacts on small and medium-sized firm performance in Viet Nam. Based on enterprise census data covering all registered firms from 2006 to 2011, the authors find that firms which increase their social...... security coverage by 10 per cent experience a revenue gain of 1.4-2.0 per cent per worker and a profit gain of up to 1.8 per cent, depending on the survival time of the firm. However, given the time lag between 'investment' (in social security contributions) and returns (enhanced firm performance...

Decomposing Firm-level Sales Variation

DEFF Research Database (Denmark)

Munch, Jakob Roland; Nguyen, Daniel Xuyen

, and that for the median product it drives 31% of the sales variation. When we remove first-time exports from our sample, the median value increases to 40%, implying that firm-destination-specific effects are most important the first year. We conclude that while firm-specific productivity can account for some......We measure the contribution of firm-specific effects to overall sales variation within a destination and find it remarkably low. Our empirical decomposition is structurally motivated by a heterogeneity model of exporting involving destination-specific, firm-specific, and firm......-destination-specific latent effects with incidental truncation. We use a highly detailed dataset with exports by products and destinations for all Danish manufacturing fi…rms. We fi…nd the contribution of firm-specific heterogeneity to within-destination sales variation varies greatly across HS6 products...

Multinational Design Evaluation Programme. Annual Report - April 2014-April 2015

International Nuclear Information System (INIS)

2015-06-01

The Multinational Design Evaluation Programme (MDEP) is a multinational initiative to leverage the resources and knowledge of national regulatory authorities who are, or will shortly be, undertaking the review of new reactor power plant designs. MDEP incorporates a broad range of activities including enhancing multilateral co-operation within existing regulatory frameworks, and increasing multinational convergence of codes, standards, guides and safety goals. A key concept throughout the work of MDEP is that national regulators retain sovereign authority for all licensing and regulatory decisions. Working groups are implementing the activities in accordance with programme plans with specific activities and goals, and have established the necessary interfaces both within and outside of MDEP. This report provides a status of the programme after its seventh year of implementation. Content: Executive summary; 1. Introduction; 2. Programme goals and outcomes; 3. Programme implementation (Membership, Organisational structure, MDEP Library, Common positions); 4. Interactions with other organisations; 5. Current activities (EPR Working Group (EPRWG), AP1000 Working Group (AP1000WG), APR1400 Working Group (APR1400WG), VVER Working Group (VVERWG), AVBWR Working Group (ABWRWG), Vendor Inspection Co-operation Working Group (VICWG), Codes and Standards Working Group (CSWG), Digital Instrumentation and Controls Working Group (DICWG)); 6. Interim results; 7. Next steps - Future of the programme; Appendix 1 - List of abbreviations and acronyms; Appendix 2 - Revised documents and publications; Appendix 3 - Photographs of reactors considered within MDEP

Offshore Fish Community: Ecological Interactions

Science.gov (United States)

The offshore (>80 m) fish community of Lake Superior is made up of predominately native species. The most prominent species are deepwater sculpin, kiyi, cisco, siscowet lake trout, burbot, and the exotic sea lamprey. Bloater and shortjaw cisco are also found in the offshore zone...

Japanese Intercultural Communiccative Strategies in Multinational Companies

OpenAIRE

大山, 中勝

1998-01-01

The purpose of this study is to describe, from a sociolinguistic perspective, major language functions during which Japanese-American communication occurs in multinational companies in the United States. Comparing communication problems across major language functions and research memos, five major themes emerged: (1)foramlity; (2)social hierarchical distinctons; (3)ambiguous communication strategies; (4)consensus making; and (5)language attitudes. This paper also aims to identify the intercu...

Japanese Intercultural Communication Strategies in Multinational Companies

OpenAIRE

大山, 中勝

1997-01-01

The purpose of this study is to describe, from a sociolinguistic perspective, major language functions during which Japanese-American communication occurs in multinational companies in the United States. Comparing communication problems across major language functions and research memos, five major themes emerged: (1)foramlity; (2)social hierarchical distinctons; (3)ambiguous communication strategies; (4)consensus making; and (5)language attitudes. This paper also aims to identify the intercu...

Offshore wind power in Finland

Energy Technology Data Exchange (ETDEWEB)

Holttinen, H. [VTT Energy, Espoo (Finland)

1998-12-31

The objectives of the project were to estimate the technical offshore wind power potential of the Gulf of Bothnia, with cost assessments, to study icing conditions and ice loads, and to design a foundation suitable for the environmental conditions. The technical offshore potential from Vaasa to Tornio is huge, more than 40 TWh/a, although the cost of offshore wind power is still higher than on land. Wind turbines have not previously been designed for the icing conditions found in Gulf of Bothnia and the recommendations for load cases and siting of megawatt-class turbines are an important result of the project. (orig.)

Leadership and diversity effectiveness in a large multinational organisation

NARCIS (Netherlands)

Brassey-Schouten, J.

2011-01-01

Effectiviteit van leiderschap en diversiteit krijgen veel aandacht binnen de multinationals van vandaag. De belangrijkste reden is een groeiend geloof en vertrouwen dat leiders en diversiteit een verschil kunnen maken voor de prestatie van een organisatie. In dit onderzoek zijn deze onderwerpen

Family firm research – A review

Directory of Open Access Journals (Sweden)

Qiang Cheng

2014-09-01

Part I of the article discusses the fundaments of family firms: the prevalence of and the agency conflicts within family firms. Part II summarizes the findings of recent U.S. family firm studies. It reviews the evidence on the family firm premium (how, which, and when family firms are associated with a valuation premium, the manifestation of the agency conflict between majority and minority shareholders in family firms, earnings quality and corporate disclosure, and the determinants of family ownership and control. Part III discusses the prevalence and characteristics of Chinese family firms and reviews the findings of related studies. The article concludes with some suggestions for future research.

Offshore Wind Energy Cost Modeling Installation and Decommissioning

CERN Document Server

Kaiser, Mark J

2012-01-01

Offshore wind energy is one of the most promising and fastest growing alternative energy sources in the world. Offshore Wind Energy Cost Modeling provides a methodological framework to assess installation and decommissioning costs, and using examples from the European experience, provides a broad review of existing processes and systems used in the offshore wind industry. Offshore Wind Energy Cost Modeling provides a step-by-step guide to modeling costs over four sections. These sections cover: ·Background and introductory material, ·Installation processes and vessel requirements, ·Installation cost estimation, and ·Decommissioning methods and cost estimation.  This self-contained and detailed treatment of the key principles in offshore wind development is supported throughout by visual aids and data tables. Offshore Wind Energy Cost Modeling is a key resource for anyone interested in the offshore wind industry, particularly those interested in the technical and economic aspects of installation and decom...

Offshore petroleum engineering task force report

International Nuclear Information System (INIS)

Ruelokke, M.

1999-05-01

The Offshore Petroleum Engineering Task Force was established in July 1998 in response to concerns about Newfoundland and Labrador's share of offshore petroleum engineering activity, with the aim of determining the current capability of the local sector, the demand for such companies and individuals until the year 2010, their capability to grow over that time-frame, and requirements in order to achieve that growth. The report summarizes the analysis undertaken by the Task Force as well as the conclusions it reached and associated recommendations. Section two provides an overview of the offshore engineering activity, including its origins, structure, and key success factors, and its also provides a profile of the industry, internationally, in Canada and in Newfoundland. Section three presents an analysis of the future demand for offshore engineering in Newfoundland until 2010, based on three development scenarios. Section four based on a Consulting Engineers of Newfoundland and Labrador (CENL) survey, establishes the present offshore engineering capacity and capabilities within the province. Section five examines current education and training programs and their ability to respond to future demands. Section six summarizes the conclusions of the analysis and presents recommendations designed to facilitate and promote the development of the local offshore engineering industry. 6 figs

Grid Integration of Offshore Wind | Wind | NREL

Science.gov (United States)

Grid Integration of Offshore Wind Grid Integration of Offshore Wind Much can be learned from the existing land-based integration research for handling the variability and uncertainty of the wind resource Arklow Bank offshore wind park consists of seven GE Wind 3.6-MW wind turbines. Integration and

Conference on offshore wind power in France and Germany

International Nuclear Information System (INIS)

Meyer, Ronny; Furois, Timothee; Nolte, Nico; Lanoe, Frederic; Lehmann-Matthaei, Bjoern; Ifflaender, Andree; Courcambeck, Alexandre; Giese, Norbert; Kavafyan, Philippe; Bjaert, Niels; Wagner, Andreas; Guillet, Jerome

2014-01-01

The French-German office for Renewable energies (OFAEnR) organised a conference on offshore wind power in France and Germany. In the framework of this French-German exchange of experience, about 120 participants exchanged views on the planning and authorisation procedures implemented in both countries and on the installation, connection to the grid and maintenance of offshore wind turbines. environmental impacts and usage conflicts linked with offshore wind farms exploitation were addressed as well. This document brings together the available presentations (slides) made during this event: 1 - Update: Offshore Wind In Germany (Ronny Meyer); 2 - Offshore wind development in France (Timothee Furois); 3 - The Licensing Procedure for Offshore Wind Farms in the German EEZ (Nico Nolte); 4 - Spatial Planning and Permitting in France: What leverage for more efficiency? (Frederic Lanoe); 5 - Results of 10 years environmental research on FINO-platforms (Bjoern Lehmann-Matthaei); 6 - Offshore Grid Connection - Status Quo and Overview (Andree Ifflaender); 7 - Grid connection of Offshore Wind in France: Situation, perspectives and recommendations (Alexandre Courcambeck); 8 - Controlling risks and warranting safety: Best practices for the installation, exploitation and maintenance of offshore wind turbines (Norbert Giese); 9 - Offshore wind Bremerhaven experience: An essential asset for the development of a complete Wind Offshore industry in France (Philippe Kavafyan); 10 - Standardizing and Cost Reduction -Lessons Learned from London Array (Niels Bjaert); 11 - Offshore Wind energy in Germany: System Benefits and Cost Reduction Potentials. Presentation of study results from prognos/fichtner and Fraunhofer-IWeS (Andreas Wagner); 12 - Offshore Wind energy financing - opportunities and risks (Jerome Guillet)

Denmark - supplier of competitive offshore wind solutions. Megavind's strategy for offshore wind research, development and demonstration

Energy Technology Data Exchange (ETDEWEB)

2010-12-15

In May 2006, the Danish Government presented a report on promoting environmentally effective technology and established a number of innovative partnerships. The partnerships intend to strengthen public-private cooperation between the state, industry, universities and venture capital to accelerate innovation for a number of green technologies. The partnership for wind energy is called Megavind. Megavind's strategy for offshore wind describes the offshore challenges and suggests research, development and demonstration (RD and D) priorities to enable offshore wind power become to competitive with other energy technologies. The strategy lists key recommendations as well as key thematic priorities and for each of these a number of RD and D priorities. Under each thematic priority references are made to the European Strategic Energy Technology plan (SET-plan), which prioritises offshore wind RD and D in Europe. (LN)

The offshore benthic fish community

Science.gov (United States)

Lantry, Brian F.; Lantry, Jana R.; Weidel, Brian C.; Walsh, Maureen; Hoyle, James A.; Schaner, Teodore; Neave, Fraser B.; Keir, Michael

2014-01-01

Lake Ontario’s offshore benthic fish community includes primarily slimy sculpin, lake whitefish, rainbow smelt, lake trout, burbot, and sea lamprey. Of these, lake trout have been the focus of an international restoration effort for more than three decades (Elrod et al. 1995; Lantry and Lantry 2008). The deepwater sculpin and three species of deepwater ciscoes (Coregonus spp.) that were historically important in the offshore benthic zone became rare or were extirpated by the 1960s (Christie 1973; Owens et al. 2003; Lantry et al. 2007b; Roth et al. 2013). Ecosystem changes continue to influence the offshore benthic fish community, including the effects of dreissenid mussels, the near disappearance of burrowing amphipods (Diporeia spp.) (Dermott et al. 2005; Watkins et al. 2007), and the increased abundance and expanded geographic distribution of round goby (see Nearshore Fish Community chapter) (Lantry et al. 2007b). The fish-community objectives for the offshore benthic fish community, as described by Stewart et al. (1999), are:

IFREMER-ADEME colloquium 'Offshore renewable energies: offshore wind energy - sea currents and waves. Collection of abstracts

International Nuclear Information System (INIS)

2004-10-01

This document contains programme and abstracts of contributions presented during a colloquium. These contributions first addresses the context, and regulatory and economic aspects of offshore wind and sea energy: specificities related to the Public Maritime Domain for the implantation of offshore wind turbines, economy of sea energies within a perspective of de-carbonation of the world energy sector, case of offshore wind turbines and assessment of economic impacts of the implantation of sea renewable energy production units, financing stakes for offshore wind energy projects. A second set of contribution addresses the state-of -the-art and feedbacks for offshore wind energy installations. The third set addresses the assessment of resource potential, measurements, models and production prediction for offshore wind energy: case of French coasts, use of radar for remote sensing, wind climatology modelling, data acquisition for wind farm and data processing. The fourth set of contributions addresses the state-of-the-art, feedback, and R and D for sea current energy, while the fifth one addressed the same aspects for sea wave energy. Technology, installations, maintenance and storage in the field of wind energy are then addressed, and the last set deals with environmental and social-economical impacts of sea renewable energies

The onshore influence of offshore fresh groundwater

Science.gov (United States)

Knight, Andrew C.; Werner, Adrian D.; Morgan, Leanne K.

2018-06-01

Freshwater contained within the submarine extensions of coastal aquifers is increasingly proposed as a freshwater source for coastal communities. However, the extent to which offshore freshwater supports onshore pumping is currently unknown on a global scale. This study provides the first attempt to examine the likely prevalence of situations where offshore freshwater influences onshore salinities, considering various sites from around the world. The groundwater conditions in twenty-seven confined and semi-confined coastal aquifers with plausible connections to inferred or observed offshore freshwater are explored. The investigation uses available onshore salinities and groundwater levels, and offshore salinity knowledge, in combination with analytical modelling, to develop simplified conceptual models of the study sites. Seven different conceptual models are proposed based on the freshwater-saltwater extent and insights gained from analytical modelling. We consider both present-day and pre-development conditions in assessing potential modern contributions to offshore fresh groundwater. Conceptual models also include interpretations of whether offshore freshwater is a significant factor influencing onshore salinities and well pumping sustainability. The results indicate that onshore water levels have declined between pre-development and present-day conditions in fourteen of the fifteen regions for which pre-development data are available. Estimates of the associated steady-state freshwater extents show the potential for considerable offshore fresh groundwater losses accompanying these declines. Both present-day and pre-development heads are insufficient to account for the observed offshore freshwater in all cases where adequate data exist. This suggests that paleo-freshwater and/or aquifer heterogeneities contribute significantly to offshore freshwater extent. Present-day heads indicate that active seawater intrusion (SWI) will eventually impact onshore pumping

Developments in offshore technology. Entwicklungen in der Offshoretechnik

Energy Technology Data Exchange (ETDEWEB)

1981-01-01

This book contains the summarized lectures held on the 8th of October, 1981 within the first status Seminar 'Offshore technology' which was organized by the Federal Minstry for Research and Technology. Contents are divided into: 1. Offshore-natural gas liquefaction, conveying systems. Offshore-tanker charging with supercold liquiefied gases; development of LNG-offshore - convayance systems; 2.) Development of components and installations in offshore structures: mooving-measuring- and monitoring systems for the installation of the EPOS deck; underwater-piling with a hydraulic-pile hammer; cast steel nodes for offshore-structures (material, calculation, design); 3.) underwater tools: the underwater-working system SUPRA; test results and experience with the unmanned UW-instrument-carrier FUGE; development of a mobile diver assistance vehicle for inspection and maintenance duties; 4.) underwater-pipeline-technique: flexible offshore-pipeline/continuous production and assembly, pipeline assembly at sea according to the J-Method with flash-welding technique; construction and testing of UWAG I (underwater working device) for embedding cables and pipes in the ocean soil.

Understanding public responses to offshore wind power

International Nuclear Information System (INIS)

Haggett, Claire

2011-01-01

This paper is about understanding the role and importance of public responses to offshore wind power. It builds on a framework for understanding social acceptance and opposition to onshore turbines, and reviews the emerging research on offshore wind. While less is known about how people will respond to offshore than onshore wind, there is now an emerging body of research. From this literature, several common factors which influence responses have emerged and are discussed here: the (continued) role of visual impact; place attachment to the local area; lack of tangible benefits; relationships with developers and outsiders; and the role of the planning and decision-making systems. The paper argues that, as with onshore developments, the public should be included in decision-making about offshore wind farms, and that they have a key role which should not be underestimated. The paper concludes with some thoughts about the means to involve people and how effected communities might be effectively acknowledged, identified and engaged. - Research Highlights: →Comprehensive review of public responses to offshore wind literature. →Applies key lessons and analytic insights from onshore wind to offshore wind. →Emphasizes the role and importance of the public in the planning and implementation of offshore wind energy.

The Dual Role of Multinational Corporations in Cluster Evolution

DEFF Research Database (Denmark)

Østergaard, Christian Richter; Reinau, Kristian Hegner; Park, Eun Kyung

2017-01-01

This chapter shows that multinational corporations play a dual role in cluster evolution through the case of the wireless communications cluster in Northern Denmark. On the one hand, they bring in resources to the cluster, such as financial resources, technology, knowledge, innovation networks, a...

Current Status of Diversity Initiatives in Selected Multinational Corporations.

Science.gov (United States)

Wentling, Rose Mary; Palma-Rivas, Nilda

2000-01-01

Interviews with eight diversity managers in multinational corporations revealed a variety of domestic and international diversity initiatives, especially in leadership and management. Formal and informal methods were used to plan them. Business unit managers were responsible for implementation. Evaluation was difficult and time consuming. (SK)

Global Production: The Case of Offshore Programming

DEFF Research Database (Denmark)

Nørbjerg, Jacob; Havn, Erling; Bansler, Jørgen P.

1997-01-01

of software is no exception.In this paper, we present a newly started research project on offshore program-ming, that is the practice of sending software development “offshore,” to India or other low wage areas. The project focuses on the organisation of offshore program-ming and, particularly, on the role...

Socio-economic Impacts—Offshore Activities/Energy

DEFF Research Database (Denmark)

Halsnæs, Kirsten; Drews, Martin; Clausen, Niels-Erik

2016-01-01

sector and renewable electricity generation—mainly from offshore wind—is increasing. Energy and offshore activities in the North Sea are critically vulnerable to climate change along the full supply chain. The major vulnerabilities for offshore installations like rigs, offshore wind energy and pipelines......, it is highly uncertain how much the future potential of other renewable energy sources such as wind, solar, terrestrial biomass, or emerging technologies like wave, tidal or marine biomass could be positively or negatively affected. Due to the different national energy supply mixes the vulnerability to climate......-related impacts will vary among North Sea countries. To ensure safe and reliable future operations comprehensive and systematic risk assessments are therefore needed which account for, for example, the high integration of power systems in the region....

Inference from concave stochastic frontiers and the covariance of firm efficiency measures across firms

International Nuclear Information System (INIS)

Dashti, Imad

2003-01-01

This paper uses a Bayesian stochastic frontier model to obtain confidence intervals on firm efficiency measures of electric utilities rather than the point estimates reported in most previous studies. Results reveal that the stochastic frontier model yields imprecise measures of firm efficiency. However, the application produces much more precise inference on pairwise efficiency comparisons of firms due to a sometimes strong positive covariance of efficiency measures across firms. In addition, we examine the sensitivity to functional form by repeating the analysis for Cobb-Douglas, translog and Fourier frontiers, with and without imposing monotonicity and concavity

Local Nordic tobacco interests collaborated with multinational companies to maintain a united front and undermine tobacco control policies.

Science.gov (United States)

Hiilamo, Heikki; Glantz, Stanton A

2013-03-01

To analyse how local tobacco companies in the Nordic countries, individually and through National Manufacturers' Associations, cooperated with British American Tobacco and Philip Morris in denying the health hazards of smoking and undermining tobacco control. Analysis of tobacco control policies in the Nordic countries and tobacco industry documents. Nordic countries were early adopters of tobacco control policies. The multinational tobacco companies recognised this fact and mobilised to oppose these policies, in part because of fear that they would set unfavourable precedents. Since at least 1972, the Nordic tobacco companies were well informed about and willing to participate in the multinational companies activities to obscure the health dangers of smoking and secondhand smoke and to oppose tobacco control policies. Cooperation between multinational companies, Nordic national manufacturer associations and local companies ensured a united front on smoking and health issues in the Nordic area that was consistent with the positions that the multinational companies were taking. This cooperation delayed smoke-free laws and undermined other tobacco control measures. Local tobacco companies worked with multinational companies to undermine tobacco control in distant and small Nordic markets because of concern that pioneering policies initiated in Nordic countries would spread to bigger market areas. Claims by the local Nordic companies that they were not actively involved with the multinationals are not supported by the facts. These results also demonstrate that the industry appreciates the global importance of both positive and negative public health precedents in tobacco control.

Gender Segregation Small Firms

OpenAIRE

Kenneth R Troske; William J Carrington

1992-01-01

This paper studies interfirm gender segregation in a unique sample of small employers. We focus on small firms because previous research on interfirm segregation has studied only large firms and because it is easier to link the demographic characteristics of employers and employees in small firms. This latter feature permits an assessment of the role of employer discrimination in creating gender segregation. Our first finding is that interfirm segregation is prevalent among small employers. I...

Internationalization Of Indian IT Multinationals

OpenAIRE

Singh, Abhishek

2009-01-01

Indian IT industry has emerged to be a strong and influential player on the world map. The industry which did not existed a few decades ago is now a major exporter of software services to major markets. The Indian IT firms now seem to move beyond exporting and advance further into the international market. With the help of case study approach, this study tends to examine the internationalization of these firms. The dissertation is aimed to see how far the traditional theories o...

Operational management of offshore energy assets

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