Chiou, Chyi-Lun; Hung, Mao-Wei; Shu, Pei-Gi - In: Emerging Markets Finance and Trade 49 (2013) S4, pp. 5-16
This study investigates the influence of Taiwan outward foreign direct investment (FDI) and location choices on yield spread. Evidence shows the amount of FDI located in developed economies is curvilinearly correlated with yield spread, consistent with the upstream-downstream argument. However,...