Foreign Ownership and the Consequences of Direct Investment in the United States or Financial Accounting

Foreign Ownership and the Consequences of Direct Investment in the United States: Beyond Us and Them

Author: Douglas Woodward

Woodward, Nigh, and their colleagues provide a comprehensive investigation of foreign ownership in the United States. Based on the latest, most reliable data and comprising the viewpoints of leading authorities on foreign direct investment, the book offers detailed, previously unpublished information on the effects of foreign direct investment in the United States. The authors find that foreign-owned and domestic corporations are similar in many aspects of their behavior and its effects on the U.S. economy and society, but there are important differences too. By showing exactly where these similarities and differences lie, and using evidence that goes beyond anecdotes, the book makes a significant contribution to the improvement of public policy in the FDI arena. Its primary finding: globalization reduced foreigness. This is an important resource for professionals and academics alike, and for students of international business and economics on the graduate level.

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A multidisciplinary collaboration designed to assemble and share research in a number of disparate fields on the impact of foreign direct investment on the host country, in this case the US, and the appropriate public policy responses. Covers foreign direct investment in a globalizing economy; consequences for the economy; research and development and high-technology effects; political, social, and managerial corporate behavior; and policy implications. The 16 papers are revised versions of those presented at a meeting in Washington, DC in September 1995. Annotation c. by Book News, Inc., Portland, Or.

Table of Contents:

	Preface
	Introduction: Is National Ownership Relevant?	1
Pt. I	FDI in a Globalizing Economy
Ch. 1	Does Ownership Really Matter in a Globalizing Economy?	27
Ch. 2	A Retrospective on FDIUS	43
Pt. II	Consequences for the Economy
Ch. 3	Productivity, Skill, and Wage Effects of Multinational Corporations in the United States	49
Ch. 4	Takeovers and Transplants: Reassessing FDIUS	69
Ch. 5	Cross-Country Locational Differences of Foreign Manufacturers in the United States	97
Ch. 6	Intrafirm Trade and FDIUS	119
Pt. III	R&D and High-Technology Effects
Ch. 7	Foreign R&D Facilities in the United States	163
Ch. 8	Foreign Direct Investment in the United States and U.S. Technology Development	181
Ch. 9	Strategies of Foreign Corporate R&D Investment and Sourcing in the United States	207
Pt. IV	Corporate Behavior: Political, Social, and Managerial
Ch. 10	Politically Active Foreign-Owned Firms in the United States: Elephants or Chickens?	231
Ch. 11	Corporate Citizenship: Comparing Foreign Affiliates and Domestic Subsidiaries	255
Ch. 12	Top Management Turnover: Comparing Foreign and Domestic Acquisitions of U.S. Firms	271
Pt. V	Policy Implications
Ch. 13	Nations, Nationality, and Transnational Enterprises: Policy Choices for Defining Corporate Nationality	289
Ch. 14	Foreign Acquisition of Defense-Related U.S. Firms: Concentration, Competition, and Reality	303
Ch. 15	Foreign Investment Restrictions, National Treatment, and Telecommunications	327
Ch. 16	The Multilateral Agreement on Investment: The Next Challenge for Global Interdependence	365
	Acronyms and Abbreviations	377
	Index	379
	About the Editors and Contributors	393

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Financial Accounting: A User's Perspective

Author: Robert E Hoskin

Takes a user's view of accounting information, focusing on the understanding and use of corporate annual reports as a primary source of accounting information. Emphasizes the importance of topics such as cash flows, ratio analysis, and consolidations. Discusses accounting in the manufacturing environment and accrual basis accounting. Covers recognition and valuation issues of all asset, liability, and owners' equity accounts on the balance sheet. Ethical issues, critical thinking, and international issues are covered.

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A text/disk focusing on the analysis and use of annual report data from a user perspective, for beginning accounting students at the undergraduate and graduate levels. Includes summary problems and solutions, chapter glossaries, review questions, management perspective problems, problems in reading and interpreting financial statements, projects, critical thinking questions, and exercises related to the accompanying disk, which contains financial data from various industries and requires the use of Excel 5.0 for Windows. Annotation c. by Book News, Inc., Portland, Or.

Booknews

Because most introductory accounting students, both undergraduate and graduate, will become users rather than preparers of accounting information, this text adopts a user's perspective, and focuses on the understanding and use of corporate annual reports as a primary source of accounting information. Integral to this approach is the extensive use of real annual report data. The General Electric annual report is presented in its entirety, and excerpts from the annual reports of some 150 other companies, including international firms, are included. Annotation c. Book News, Inc., Portland, OR (booknews.com)