초록
영어
This paper explores how the externality effects of the multinational corporation's (MNC) R&D influence countries in determining their optimal national expensing rules for the MNC's R&D expenditures. This analysis lends itself to an explanation of why different countries adopt different expensing rules and why in general full efficiency fails to obtain worldwide with respect to the expensing of R&D expenditures incurred to MNCs. The MNC's ownership distribution and the size of other firms are also examined for their effects on optimal expensing policy. Exposition is also provided to enlighten on economic consequences when countries engage in an infinitely long-term relationship.
목차
Abstract
I. Introduction
II. The Model
III. Strategic National Expensing Policy
IV. Welfare Assessment
V. Long-Term Relationship between Countries
VI. Concluding Remarks
Appendix
References
I. Introduction
II. The Model
III. Strategic National Expensing Policy
IV. Welfare Assessment
V. Long-Term Relationship between Countries
VI. Concluding Remarks
Appendix
References
저자정보
참고문헌
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