Do Small and Medium Enterprises Gain from Offshoring
This paper explores the impact of offshoring on the performance of small and medium enterprises (SMEs). Using unique Korean firm-level data, we find that SMEs benefit from overseas relocation of production. Empirical evidence shows that such relocation has significantly positive impacts on productivity when firms choose to offshore to ASEAN (Association of Southeast Asian Nations) through external suppliers rather than foreign affiliates. These results suggest that it may be suitable for SMEs to choose global engagement in order to take advantage of lower transaction costs.
With the use of data and concrete examples, such as ::: a mini-case study, and a focus on the top 20 global players, this ::: thesis aims at tackling Capex issues in the telecom industry by ::: covering: – Uses, levels, inefficiencies in Capex management, ::: notably via insider perspective, and their impacts on capital ::: allocation; – Financing of Capex via debt and the recent ::: development of asset monetization; – Specific trends (NSA, VNOs) ::: and M&A in the telecom industry and their impacts on Capex, via ::: the case study of the French SFR-Numericable ::: transaction.