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The determinants of intrafirm trade: evidence from French firms

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posted on 2023-06-08, 23:39 authored by Gregory Corcos, Delphine M Irac, Giordano Mion, Thierry Verdier
How well does the theory of the firm explain the choice between intrafirm and arm's-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 in capital- and skill-intensive firms, in highly productive firms, and from countries with well-functioning judicial institutions. We bridge previous aggregate findings with our investigation by decomposing intrafirm imports into an extensive and intensive margin and uncover interesting patterns in the data that require further theoretical investigation.

History

Publication status

  • Published

File Version

  • Published version

Journal

Review of Economics and Statistics

ISSN

0034-6535

Publisher

Massachusetts Institute of Technology Press

Issue

3

Volume

95

Page range

825-838

Department affiliated with

  • Economics Publications

Full text available

  • Yes

Peer reviewed?

  • Yes

Legacy Posted Date

2015-12-04

First Open Access (FOA) Date

2015-12-04

First Compliant Deposit (FCD) Date

2015-12-04

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