Corporate Governance and International Location Decisions of Multinational Enterprises
18 Pages Posted: 13 Dec 2007
Abstract
This paper analyzes 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 located in countries with a weak governance system. We find empirical support for this hypothesis, especially for those corporations present in low-income countries.
Suggested Citation: Suggested Citation
Dam, Lammertjan and Scholtens, Bert and Sterken, Elmer, Corporate Governance and International Location Decisions of Multinational Enterprises. Corporate Governance: An International Review, Vol. 15, Issue 6, pp. 1330-1347, November 2007, Available at SSRN: https://ssrn.com/abstract=1072217 or http://dx.doi.org/10.1111/j.1467-8683.2007.00649.x
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