Podrobná bibliografie
| Název: |
Economic policy uncertainty and multinational companies. |
| Autoři: |
Lin, Leming1 (AUTHOR), Mihov, Atanas2 (AUTHOR), Sanz, Leandro3 (AUTHOR) |
| Zdroj: |
Review of Finance. Nov2025, Vol. 29 Issue 6, p1769-1807. 39p. |
| Témata: |
*VALUATION of corporations, *ECONOMIC impact, *FOREIGN subsidiaries, *HUMAN capital, *INTERNATIONAL business enterprises, ECONOMIC uncertainty |
| Geografický termín: |
UNITED States |
| Abstrakt: |
We study the impact and propagation of economic policy uncertainty (EPU) via subsidiary networks of US multinational corporations (MNCs). We find that increases in host-country EPU lead to significant decreases in MNC valuations. We document heterogeneous effects across key firm- and country-level dimensions such as intangible capital intensity, financial constraints, and country institutional quality. Higher EPU in host countries is associated with a decline in the growth of local MNC subsidiary-level assets and employment. We find no evidence of significant average spillover effects of host-country EPU on MNC subsidiaries in other countries and some evidence of negative spillover effects among vertically linked subsidiaries. [ABSTRACT FROM AUTHOR] |
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| Databáze: |
Business Source Index |
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