This paper provides new evidence on the role of intangible capital in global value chains (GVCs) by focusing multinational enterprises (MNEs) and their foreign affiliates capture through assets. Industry-level data suggest that MNEs generate more income than domestic-owned firms. Intangible returns from are found both host economy foreign-owned firms other countries participating GVC. Some hete...

The impact of globalization on multinational enterprises was examined from the years 1980 to 2020. A scoping literature review conducted for a total 141 articles. Qualitative, quantitative, and mixed typologies were categorized conclusions drawn regarding influence performance (i.e., positive or negative effects) globalization. Developed countries show more saturated markets than developing tha...

Local sourcing from indigenous firms by multinational enterprises (MNEs) is an important channel through which the former may benefit from the positive externalities generated by the latter. Employing a special survey data set covering 493 multinational subsidiaries in China for the period 1999-2005, this paper investigates the determinants of local sourcing. It is found that the extent to whic...

This paper assesses the role of locally-recruited R&D personnel relative to their expatriate counterparts as regards innovation in multinational subsidiariesin an emerging economy. Two hypotheses are developed based on a network approach to multinational enterprises in an emerging economy setting, and tested on a sample of 317 multinational subsidiaries in China. Our results indicate that local...

Using Japanese firm-level data, I examine whether multinational enterprises (MNEs) are more productive than non-MNEs in the services sector. I employ the Kolmogorov-Smirnov (KS) test to compare the overall distribution of productivity by multinational status. The results indicate that MNEs tend to be more productive than non-MNEs in the services sector and suggest that the standard firm heterog...