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dc.contributor.authorDeschryvere, Matthiasen
dc.date.accessioned2011-03-25T09:40:19Z-
dc.date.available2011-03-25T09:40:19Z-
dc.date.issued2009-
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
dc.language.isoengen
dc.publisher|aThe Research Institute of the Finnish Economy (ETLA) |cHelsinkien
dc.relation.ispartofseries|aETLA Discussion Papers |x1203en
dc.subject.jelF23en
dc.subject.jelL22en
dc.subject.jelH25en
dc.subject.jelR38en
dc.subject.ddc330en
dc.subject.keywordInternationalisationen
dc.subject.keywordcorporate headquartersen
dc.subject.keyworddivisional headquartersen
dc.subject.keywordcorporateen
dc.subject.keywordmobilityen
dc.subject.keywordrelocationen
dc.subject.keywordmultinational corporationsen
dc.subject.keywordtaxationen
dc.subject.keywordFDIen
dc.subject.keywordforeign ownershipen
dc.subject.stwBetriebliche Standortwahlen
dc.subject.stwIndustrieverlagerungen
dc.subject.stwMultinationales Unternehmenen
dc.subject.stwDirektinvestitionen
dc.subject.stwSteuerwettbewerben
dc.subject.stwNeue ökonomische Geographieen
dc.titleMobility of corporate headquarter functions: A literature review-
dc.typeWorking Paperen
dc.identifier.ppn612149560en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:rif:dpaper:1203en

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