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Using a simple theoretical model, this paper argues that an increase in foreign presence, which refers to the level of foreign investment in a given domestic firm, can affect the leverage of domestic firms. We apply the model to explore the link between foreign presence and leverage with firm...
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Earlier studies on foreign direct investment (FDI) have mainly focused on its benefits. This paper examines the nature … of FDI-related productivity spillovers in China's manufacturing sector. The empirical analysis based on firm level panel … data, over the period 2000–2007, reveals that productivity spillovers arising from FDI from Hong Kong, Macau and Taiwan …
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Using country level panel data over the period 1970–2011, this paper evaluates the direct as well as indirect impact of three types of financial flows (foreign direct investment, remittances and official development aid) on the per capita income of a group of low and middle income countries....
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