caa a22 4500 445859180 CHVBK 20180317145437.0 cr unu---uuuuu 170323e20111101xx s 000 0 eng 10.1007/s10290-011-0098-6 doi (NATIONALLICENCE)springer-10.1007/s10290-011-0098-6 Foreign ownership and investment: do firms locate investments close to the headquarter? [Elektronische Daten] [Mats Bergman, Per Johansson] Using an international panel data set of the European pulp and paper industry, we address the issue of a possible home-bias effect for real investments in plants with foreign and domestic locations. We find that there is no effect after controlling for firm effects and plant and firm size. These findings are rubust to a number of different econometric specifications, including a difference-in-difference approach. Our findings appear to be relevant for the debate on the effect of foreign takeovers. As far as we are aware, home-bias effects in real investments within multinational firms have not been studied previously. Kiel Institute, 2011 Lumpy investments nationallicence Investment determinants nationallicence Pulp and paper nationallicence Foreign direct investments nationallicence Home bias nationallicence Head-quarter location nationallicence Bergman Mats Department of Economics, Södertörn University, 141 89, Huddinge, Sweden aut Johansson Per Department of Economics Uppsala University, UCLS, IZA and IFAU, Institute for Labour Market Policy Evaluation, Uppsala University, PO-Box 513, 751 20, Uppsala, Sweden aut Review of World Economics Springer-Verlag 147/4(2011-11-01), 621-642 1610-2878 147:4<621 2011 147 10290 https://doi.org/10.1007/s10290-011-0098-6 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10290-011-0098-6 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Bergman Mats Department of Economics, Södertörn University, 141 89, Huddinge, Sweden aut NATIONALLICENCE 700 1- Johansson Per Department of Economics Uppsala University, UCLS, IZA and IFAU, Institute for Labour Market Policy Evaluation, Uppsala University, PO-Box 513, 751 20, Uppsala, Sweden aut NATIONALLICENCE 773 0- Review of World Economics Springer-Verlag 147/4(2011-11-01), 621-642 1610-2878 147:4<621 2011 147 10290 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer