The determinants of intrafirm trade: evidence from French firms

Corcos, G, Irac, DM, Mion, G and Verdier, T (2013) The determinants of intrafirm trade: evidence from French firms .

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Abstract

How well does the theory of the firm explain the choice between intrafirm and arms' 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: (i) in capital- and skill-intensive firms; (ii) in highly productive firms; (iii) from countries with well-functioning judicial institutions. We further bridge previous aggregate findings with our investigation by decomposing intrafirm imports into an extensive and intensive margin. Doing so we uncover interesting patterns in the data that require further theoretical investigation.

Item Type:	Other
Divisions :	Surrey research (other units)
Authors :	Name Email ORCID Corcos, G Irac, DM Mion, G g.mion@surrey.ac.uk Verdier, T
Date :	15 July 2013
Uncontrolled Keywords :	F12, F19, F23, intrafirm trade, outsourcing, firm heterogeneity, incomplete contracts, inter-nationalization strategies, quality of institutions, extensive margin, intensive margin.
Depositing User :	Symplectic Elements
Date Deposited :	16 May 2017 15:33
Last Modified :	23 Jan 2020 10:42
URI:	http://epubs.surrey.ac.uk/id/eprint/820463

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