Essays in Empirical International Economics : Corporate Responsibility, Firms' Foreign Ownership and Global Value Chain Participation
In this thesis, I aim at better understanding the relationship between (sustainable) corporate governance and firms' internationalization in the context of developing and emerging countries. The research questions are mainly addressed empirically using firm-level data from developing and emerging countries. This thesis is structured in the following four chapters, each representing a standalone paper. Chapter 2 adds insights to the debate about whether Foreign Direct Investment (FDI) represents a blessing for or an impediment to economic, social, and political development in FDI host countries by analyzing whether the presence of foreign investors impacts the occurrence of petty corruption. Chapter 3 also addresses the impact of foreign investment, but analyzes the effects of FDI on firm performance, more precisely on firms’ green management practices. Chapter 4 turns to the analysis of firms’ participation in global value chains (GVCs), more specifically, the role of GVC positioning for firms’ Corporate Social Responsibility (CSR) investments. Finally, Chapter 5 goes beyond the role of voluntary corporate governance and analyzes whether mandatory changes in corporate governance affect firm performance.
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