Multinational Firms, Internal Borrowing, and Domestic Bank Loans [02.07.26]
We will be welcoming Jochen Güntner from the University of Linz on July 8 to conclude the Hohenheim Research Seminar in Economics. Following the presentation, there will be a group discussion and a recap of the summer semester’s events with refreshments.
Image: Pixabay/Tungart7
Multinational enterprises can help transmit productivity and credit shocks across countries. The study shows that parents and subsidiaries influence each other’s financing decisions: Austrian parent firms provide less internal credit to more productive German subsidiaries, while these subsidiaries rely more heavily on external financing. The results are based on mandatory-reporting data on Austrian multinational enterprises and their German subsidiaries for the period 2007 to 2022.
Working Paper: OeNB Working Paper (PDF)
Jochen Güntner is a Professor of Macroeconomics at the Department of Economics at Johannes Kepler University (JKU) Linz. His research and teaching focuses on Applied Time Series Econometrics, Energy Economics, International Finance, and Monetary Economics.
In the summer term, excellent international scientists visit the University of Hohenheim in the research seminar and give lectures on their research. In addition to attending the lecture, there is often a special opportunity during office hours to exchange ideas with the guest, e.g. about their own research approaches.
Master's students are also welcome to take part in the research seminar and talk to the speakers as well as the doctoral students, postdocs and professors at the institute.
The lecture will take place on July 8, 2026 at 12:00 pm in HS 35 (Kavaliershaus).
