BeschreibungThe paper discusses the importance of globalization on the business environment of foreign firms in their host countries. Using globalization indicators and firm level panel data, we exploit recent globalization / deglobalization episodes in Eastern European and Central Asian (ECA) countries to investigate, how changes in political and economic globalization do interfere with costs of doing business of foreign firm compared to their local counterparts. We evaluate this “liability of foreignness” (LOF) and find expansion of globalization in general reduces disadvantage of foreign firm in fairness of courts, corruption and the taxation, and for economic globalization economic in particular indicate advantages in trade for foreign over local firms. We find no significant difference for business licensing, and dealing with public officials.
|Zeitraum||22 Sep. 2018 → 25 Sep. 2018|
|Ereignistitel||SMS 38th Annual Conference: Strategies in the Era of De-Globalization|