000			02959cam a22004097 4500
001			w21198
003			NBER
005			20211020105616.0
006			m o d
007			cr cnu||||||||
008			210910s2015 mau fo 000 0 eng d
100	1		_aGorodnichenko, Yuriy. _927289
245	1	0	_aCulture and Global Sourcing / _cYuriy Gorodnichenko, Bohdan Kukharskyy, Gerard Roland.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c2015.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w21198
500			_aMay 2015.
520	3		_aThis paper develops a model of global sourcing with culturally dissimilar countries. Production of final goods requires the coordination of decisions between the headquarter of a multinational firm and managers of their component suppliers. Managers of both units are assumed to have strong beliefs about the right course of action and are reluctant to adjust their decisions. We characterize the optimal allocation of decision rights across firms when contracts are incomplete. Our theoretical model delivers two key predictions: the incentive of a firm to integrate (rather than outsource) its input supply is decreasing in the cultural distance between the home and the host country and decreasing in trade costs between the two countries. Combining data from the U.S. Census Bureau's Related Party Trade with various measures for cultural distance and trade cost, we find empirical evidence strongly supportive of these two predictions.
530			_aHardcopy version available to institutional subscribers
538			_aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538			_aMode of access: World Wide Web.
588	0		_aPrint version record
690		7	_aF1 - Trade _2Journal of Economic Literature class.
690		7	_aF14 - Empirical Studies of Trade _2Journal of Economic Literature class.
690		7	_aF23 - Multinational Firms • International Business _2Journal of Economic Literature class.
690		7	_aP14 - Property Rights _2Journal of Economic Literature class.
690		7	_aP26 - Political Economy • Property Rights _2Journal of Economic Literature class.
690		7	_aP48 - Political Economy • Legal Institutions • Property Rights • Natural Resources • Energy • Environment • Regional Studies _2Journal of Economic Literature class.
690		7	_aZ1 - Cultural Economics • Economic Sociology • Economic Anthropology _2Journal of Economic Literature class.
700	1		_aKukharskyy, Bohdan.
700	1		_aRoland, Gerard.
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w21198.
856	4	0	_uhttps://www.nber.org/papers/w21198
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w21198
942			_2ddc _cW-PAPER
999			_c326924 _d285486