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Highly skilled and well connected: Migrant inventors in cross-border M&As
Using a relational view of international business, we explore how migrant inventors influence cross-border mergers and acquisitions (M&As) by research and development (R&D) firms. We hypothesize that the international social…
Refugees and foreign direct investment: Quasi-experimental evidence from US resettlements
We use the frameworks of two different US refugee dispersal policies to provide causal evidence that refugees promote outward foreign direct investment (FDI) to their countries and regions of origin.…
Ethnic Innovation and U.S. Multinational Firm Activity
This paper examines the impact of immigrant innovators on the global activities of U.S. firms by analyzing detailed data on patent applications and the operations of the foreign affiliates of…
Bound by ancestors: Immigration, credit frictions, and global supply chain formation
This paper demonstrates that the ancestry composition resulting from centuries of immigration to the US influences the current structure of global supply chains. By using an instrumental variable strategy and…
Where Enterprises Lead, People Follow? Links Between Migration and FDI in Germany
Standard neoclassical models of economic integration assume that capital and labor are substitutes and that the origin of these factors doesn't matter. However, these assumptions don't hold if there are…
Refugees, trade, and FDI
Humanitarian policies designed to welcome forced migrants can lead to unexpected economic benefits. This article examines how refugees create trade and investment connections between their new countries and their countries…
Migrants as Engines of Financial Globalization: The Case of Global Banking
Does international migration help spread global commerce? Recent studies show that international migration influences investment patterns, particularly by facilitating investment from migrants' host countries back to their countries of origin.…
Investing in the Homeland
Once viewed as a “brain drain,” migrants are increasingly viewed as a resource for promoting economic development back in their home countries. In Investing in the Homeland, Benjamin Graham finds that…
Familiarity Breeds Investment: Diaspora Networks and International Investment
What explains the differences in international portfolio and foreign direct investment (FDI) between countries? While many existing theories focus on how trustworthy a country's policies are, we highlight the importance…
The Influence of Macro Structure on the Foreign Market Performance of Transnational Firms: The Value of IGO Connections, Export Dependence, and Immigration Links
This study examines how larger, state-level structural factors influence the performance of transnational firms in foreign markets, focusing on the roles of sanctions and monitoring. We propose that transnational firms…
Migration networks and subsidiary survival of EMNCs: The mediating effect of entry mode
In this study, we analyzed the overseas branches of Chinese companies listed on the A-share market that expanded internationally between 2007 and 2018. Using social network theory and the Cox…