EconStor >
Research Institute of the Finnish Economy (ETLA), Helsinki >
ETLA Discussion Papers, Research Institute of the Finnish Economy (ETLA) >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/44578
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorDeschryvere, Matthiasen_US
dc.date.accessioned2011-03-25T09:40:19Z-
dc.date.available2011-03-25T09:40:19Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/44578-
dc.description.abstractThis paper reviews the recent literature on the relocation of headquarters (HQs). Overall results show that full and direct international relocations of corporate HQs are rare events. However, there is a trend that MNEs increasingly unbundle their HQs so as to spread their different HQs functions over several locations around the world. The literature on the organisation of companies shows that HQ unbundling can go hand in hand with different patterns of HQ relocations. The international trade literature underlines that falling communication costs enable firms to offshore HQ-tasks that were previously considered nontraded. International competition occurs now between individual workers performing similar HQ-tasks in different nations. The new economic geography literature explains the spatial concentration of HQs functions by the existence of agglomeration effects. Most empirical literature focuses on relocations within the United States. Relocations within the EU are less frequent which may be explained by legal and cultural barriers. An important finding is that many HQ relocations result from a merger or acquisition, but institutional factors, such as international tax incentives and labour market institutions, were also identified as key drivers of HQ relocations. The effects of relocations on the company performance are relatively small although results seem to depend on the motivation behind the relocation. For nations, the unbundling of HQs implies that the competition between (potential) locations for HQ functions will rise.en_US
dc.language.isoengen_US
dc.publisherElinkeinoelämän Tutkimuslaitos Helsinkien_US
dc.relation.ispartofseriesETLA discussion paper 1203en_US
dc.subject.jelF23en_US
dc.subject.jelL22en_US
dc.subject.jelH25en_US
dc.subject.jelR38en_US
dc.subject.ddc330en_US
dc.subject.keywordInternationalisationen_US
dc.subject.keywordcorporate headquartersen_US
dc.subject.keyworddivisional headquartersen_US
dc.subject.keywordcorporateen_US
dc.subject.keywordmobilityen_US
dc.subject.keywordrelocationen_US
dc.subject.keywordmultinational corporationsen_US
dc.subject.keywordtaxationen_US
dc.subject.keywordFDIen_US
dc.subject.keywordforeign ownershipen_US
dc.subject.stwBetriebliche Standortwahlen_US
dc.subject.stwIndustrieverlagerungen_US
dc.subject.stwMultinationales Unternehmenen_US
dc.subject.stwDirektinvestitionen_US
dc.subject.stwSteuerwettbewerben_US
dc.subject.stwNeue ökonomische Geographieen_US
dc.titleMobility of corporate headquarter functions: A literature reviewen_US
dc.typeWorking Paperen_US
dc.identifier.ppn612149560en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:ETLA Discussion Papers, Research Institute of the Finnish Economy (ETLA)

Files in This Item:
File Description SizeFormat
612149560.pdf204.19 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.