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The Impact of Government Borrowing on Corporate Acquisitions : International Evidence

Alimov, Azizjon - 2022

This paper examines how variation in the supply of government debt affects corporate acquisition activity. Using data from 50 countries from 1991 to 2017, the paper finds that government debt issuance is strongly negatively associated with acquisition activity at the firm and aggregate levels....

Persistent link: https://www.econbiz.de/10013308162

Debt Sustainability and Economic Convergence of Euro-Area Member States : Challenges and Solutions

Manasse, Paolo - 2015

This paper argues that fiscal convergence in the Euro area has been achieved at the expenses of real divergence in unemployment, investment and at, at least temporarily, growth. Statistical and econometric analysis support the view that the current fiscal framework has addressed debt...

Persistent link: https://www.econbiz.de/10013013247

Debt sustainability and economic convergence of euro-area Member States : challenges and solutions

Manasse, Paolo - 2015

Persistent link: https://www.econbiz.de/10011714062

A touch of sophistication : FDI and unit values of exports

Harding, Torfinn; Javorcik, Beata K. Smarzynska - 2009

The debate on trade and growth increasingly focuses on the composition of exports. Exports of more "sophisticated" products appear to be positively correlated with growth, and upgrading the quality of exports is high on the policy agenda of many countries. This study presents evidence suggesting...

Persistent link: https://www.econbiz.de/10003922581

Fiscal convergence in the West African Monetary Zone

Olowofeso, Olorunsola E.; John-Sowe, Maimuna; Kargbo, … - 2021

Achieving fiscal convergence between countries of a monetary union helps in the design and implementation of policies to strengthen macroeconomic convergence, which mitigates the contagion effects of macroeconomic instability and ensures the long-term viability of the proposed union. This paper...

Persistent link: https://www.econbiz.de/10013342773

Corporate Governance and Foreign Direct Investment

Alba, Joseph D. - 2014

Merger and acquisition (M&A) activity is motivated by increasing shareholder value through improved corporate governance. Therefore, stronger corporate governance can reduce the returns from M&A activity, including M&A foreign direct investment (FDI). This, in turn, can reduce the returns from...

Persistent link: https://www.econbiz.de/10013069660

Is Economic Nationalism in Corporate Governance Always a Threat?

Gelter, Martin - 2022

During the past decades, corporate law and corporate governance debates have generally been skeptical of elements of economic ‘Nationalism’ or ‘protectionism.’ Arguably, globalization and convergence in corporate governance have resulted in a reduction of protectionist policies. However,...

Persistent link: https://www.econbiz.de/10013300950

The Dark Side of Globalization : Evidence from the Impact of COVID-19 on Multinational Companies

Guedhami, Omrane; Knill, April M.; Megginson, William L.; … - 2021

The COVID-19 pandemic has led to economic and health crises (“twin crises”) worldwide. Using a sample of firms from 74 countries over the period January to August 2020, we examine stock price reactions of multinational corporations (MNCs) and purely domestic companies (DCs) to the crisis. We...

Persistent link: https://www.econbiz.de/10013222093

Overlooked Sovereign Credit Events and Non-Pecuniary Defaults : British Debt Sustainability in the Post-Second World War Period

Hileman, Garrick - 2017

This paper examines UK sovereign debt sustainability following the Second World War. Even though the UK in 1946 … default following the Second World War. New archival evidence shows that Britain in fact defaulted multiple times following … the Second World War by failing to fulfil several non-pecuniary terms of the Anglo-American Financial Agreement. Several …

Persistent link: https://www.econbiz.de/10012968878

The Seven Mechanisms for Achieving Sovereign Debt Sustainability

Hileman, Garrick - 2016

This paper surveys the sovereign debt literature and summarizes the political economy trade-offs of seven distinct mechanisms for achieving debt sustainability. Two mechanisms – financial aid and asset exchange – are often underemphasized or entirely overlooked even though they can play an...

Persistent link: https://www.econbiz.de/10012996772

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