The Determinants of Intrafirm Trade: Evidence from French Firms
Résumé
How well does the theory of the firm explain the choice between intrafirm and arm's-length trade? This paper uses firm-level import data from France to look into this question. We find support for three key predictions of property rights theories of the multinational firm. Intrafirm imports are more likely in capital- and skill-intensive firms, in highly productive firms, and from countries with well-functioning judicial institutions. We bridge previous aggregate findings with our investigation by decomposing intrafirm imports into an extensive and intensive margin and uncover interesting patterns in the data that require further theoretical investigation.
Domaines
Economies et financesFormat du dépôt | Notice |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
The Determinants of Intrafirm Trade: Evidence from French Firms
|
Résumé |
en
How well does the theory of the firm explain the choice between intrafirm and arm's-length trade? This paper uses firm-level import data from France to look into this question. We find support for three key predictions of property rights theories of the multinational firm. Intrafirm imports are more likely in capital- and skill-intensive firms, in highly productive firms, and from countries with well-functioning judicial institutions. We bridge previous aggregate findings with our investigation by decomposing intrafirm imports into an extensive and intensive margin and uncover interesting patterns in the data that require further theoretical investigation.
|
Auteur(s) |
Grégory Corcos
1
, Delphine Irac
2
, Giordano Mion
3, 4
, Thierry Verdier
4, 5, 6
1
Norwegian School of Economics and Business Administration
( 50806 )
- Norvège
2
Banque de france
( 134427 )
- France
3
LSE -
London School of Economics and Political Science
( 328453 )
- Houghton Street, London WC2A 2AE
- Royaume-Uni
4
CEPR -
Center for Economic Policy Research
( 143559 )
- Royaume-Uni
5
PSE -
Paris-Jourdan Sciences Economiques
( 139754 )
- 48 boulevard Jourdan 75014 Paris
- France
6
PSE -
Paris School of Economics
( 301309 )
- 48 boulevard Jourdan 75014 Paris
- France
|
Comité de lecture |
Oui
|
Vulgarisation |
Non
|
Langue du document |
Anglais
|
Nom de la revue |
|
Audience |
Non spécifiée
|
Date de publication |
2013-07
|
Volume |
95
|
Numéro |
3
|
Page/Identifiant |
825-838
|
Domaine(s) |
|
Financement |
|
Mots-clés |
sv
Intrafirm Trade
|
DOI | 10.1162/REST_a_00293 |
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