Staying home or moving away? Employment creation and destruction within multinationals
Publication typeJournal article with impact factor
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AbstractThis paper analyzes employment growth in Belgian multinational enterprises’ headquarters relative to their affiliates. We find that headquarters have on average 2.5% more employment growth than their affiliates. When they go through restructuring headquarters reduce employment by 4.4% less than their affiliates and affiliates located further away from their headquarterssuffer more. This effect almost doubles for firms that operate in manufacturing.