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Standortoptionen multinationaler Unternehmen: Eine steuerliche Betrachtung
[Location options of multinational enterprises: A fiscal examination]

Author

Listed:
  • Gilroy, Bernard Michael
  • Lukas, Elmar

Abstract

In the course of requests for more dynamic models that illustrate foreign direct investment decisions, the subsequent model offers a contribution to the theoretical modelling of this issue. However, conclusions about the timing are only possible to a limited extent, since options rights are of a perpetual manner and do therefore not mature. Thus, there exists a functional - if even discrete - connection, which could also be a link for further economic research in this field.

Suggested Citation

  • Gilroy, Bernard Michael & Lukas, Elmar, 2005. "Standortoptionen multinationaler Unternehmen: Eine steuerliche Betrachtung [Location options of multinational enterprises: A fiscal examination]," MPRA Paper 21211, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:21211
    as

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    File URL: https://mpra.ub.uni-muenchen.de/21211/1/MPRA_paper_21211.pdf
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    References listed on IDEAS

    as
    1. Peter J. Buckley & Mark Casson, 2010. "The Optimal Timing of a Foreign Direct Investment," Palgrave Macmillan Books, in: The Multinational Enterprise Revisited, chapter 2, pages 25-40, Palgrave Macmillan.
    2. Gilroy, Bernard Michael & Lukas, Elmar, 2006. "The choice between greenfield investment and cross-border acquisition: A real option approach," The Quarterly Review of Economics and Finance, Elsevier, vol. 46(3), pages 447-465, July.
    3. Myers, Stewart C., 1977. "Determinants of corporate borrowing," Journal of Financial Economics, Elsevier, vol. 5(2), pages 147-175, November.
    4. Avinash K. Dixit & Robert S. Pindyck, 1994. "Investment under Uncertainty," Economics Books, Princeton University Press, edition 1, number 5474.
    5. Robert McDonald & Daniel Siegel, 1986. "The Value of Waiting to Invest," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 101(4), pages 707-727.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    location options; multinational enterprises; fiscal considerations;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents

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