The Financing of Foreign Direct Investment : A Study of the Determinants of Capital Flows in Multinational Enterprises

Cover -- Contents -- Dedication -- Acknowledgements -- Preface -- I: INTRODUCTION -- II: METHODOLOGY -- III: BACKGROUND TO THE DEVELOPMENT OF A THEORY -- The Study of Direct Investment as a Financial Phenomenon -- Financial Flows and the Balance of Payments -- Non-financial Investors in a Multiple Currency World -- Self-protection Against Exchange Risks -- IV: SCOPE OF THE PREVIOUS WORK -- Early Studies of Short-term Capital Movements -- Incorporation of Portfolio Adjustment into Macro-economic Models -- Problems in the Application of Portfolio Adjustment Models -- Application of Corporate Finance Theory to Portfolio Adjustment -- Business Literature on the Financing of Direct Investment -- The Notion of Exchange Rate Illusion -- V: CAPITAL FLOWS TO BE CONSIDERED -- VI: A THEORY OF THE FINANCING OF DIRECT INVESTMENT -- The Notion of Risk and the Financing of Foreign Operations -- An Aggregative Time-series Model -- VII: EMPIRICAL RESULTS -- Characteristics of the Data -- The Empirical Models Tested -- Aggregated Results -- Relevant Economic Background -- Institutional Factors -- Governmental Factors -- Macro-economic Factors -- Empirical Results for Individual Countries -- Belgium-Luxembourg Economic Union -- Canada -- France -- Germany -- Italy -- Netherlands -- United Kingdom -- VIII: CONCLUSION -- Bibliography -- Index -- A -- B -- C -- D -- E -- F -- G -- H -- I -- L -- M -- N -- P -- R -- S -- T -- U -- W.