Divestment by multinational enterprises is an important yet understudied phenomenon. The few available estimates indicate that about a fifth of all foreign affiliates are divested every five years. This paper presents the findings from a novel cross-country firm-level dataset with financial and owne...

Ausführliche Beschreibung

Bibliographische Detailangaben

1. Verfasser:	Borga, Maria (VerfasserIn)
Weitere Verfasser:	Ibarlucea Flores, Perla (MitwirkendeR), Sztajerowska, Monika (MitwirkendeR)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Paris OECD Publishing 2020
Schriftenreihe:	OECD Working Papers on International Investment no.2019/03
Schlagworte:	Finance and Investment
Online-Zugang:	Volltext
Zusammenfassung:	Divestment by multinational enterprises is an important yet understudied phenomenon. The few available estimates indicate that about a fifth of all foreign affiliates are divested every five years. This paper presents the findings from a novel cross-country firm-level dataset with financial and ownership information for over 62 000 foreign-owned affiliates from a selection of 41 OECD and G20 countries and their economic groups from 164 home countries for the period 2007-2014. The data allow an assessment of the relative importance of different determinants of divestment in a cross-country setting, including host country policies and bilateral factors, including trade, investment and tax agreements. The findings confirm that parents divested about one of every five foreign-owned affiliates between 2007-2014 and show that a number of host country policy and economic factors, including labour costs and international trade agreements, influence the divestment decision, on top of the firm considerations considered in previous studies.
Beschreibung:	1 Online-Ressource (55 p.)
DOI:	10.1787/5a376df4-en