Similar Search Results

Internationalization and the evolution of corporate valuation

Levine, Ross - 2005

"By documenting the evolution of Tobin's "q" before, during, and after firms internationalize, this paper provides evidence on the bonding, segmentation, and market timing theories of internationalization. Using new data on 9,096 firms across 74 countries over the period 1989-2000, we find that...

Persistent link: https://www.econbiz.de/10010522397

Conceptual Aspects of Global Value Chains

Antràs, Pol - 2019

I offer an overview of some key conceptual aspects associated with the rise of global value chains (GVCs). I outline a series of alternative interpretations and definitions of what the rise of GVCs entails, and I trace the implications of these alternative conceptualizations for the measurement...

Persistent link: https://www.econbiz.de/10012480483

Globalization and Pandemics

Antràs, Pol - 2020

We develop a model of human interaction to analyze the relationship between globalization and pandemics. Our framework …

Persistent link: https://www.econbiz.de/10012481143

De-Globalisation? Global Value Chains in the Post-COVID-19 Age

Antràs, Pol - 2020

This paper evaluates the extent to which the world economy has entered a phase of de-globalisation, and it offers some speculative thoughts on the future of global value chains in the post-COVID-19 age. Although the growth of international trade flows relative to that of GDP has slowed down...

Persistent link: https://www.econbiz.de/10012482334

Financial Stability, the Trilemma, and International Reserves

Obstfeld, Maurice - 2008

The rapid growth of international reserves---a development concentrated in the emerging markets---remains a puzzle. In this paper we suggest that a model based on financial stability and financial openness goes far toward explaining reserve holdings in the modern era of globalized capital...

Persistent link: https://www.econbiz.de/10012464430

Losing our Marbles in the New Century? The Great Rebalancing in Historical Perspective

Meissner, Christopher M. - 2006

comparison between the two eras of globalization: "then" (the period 1870 to 1913) and "now" (the period since the 1970s). We …

Persistent link: https://www.econbiz.de/10012466082

Offshoring in a Knowledge Economy

Antràs, Pol - 2005

globalization. Globalization leads to better matches for all southern workers but only for the best northern workers. As a result …, we show that globalization increases wage inequality in the South but not necessarily in the North. We also study how … globalization affects the size distribution of firms and the patterns of consumption and trade in the global economy …

Persistent link: https://www.econbiz.de/10012467591

Internationalization and the Evolution of Corporate Valuation

Levine, Ross - 2005

By documenting the evolution of Tobin's "q" before, during, and after firms internationalize, this paper provides evidence on the bonding, segmentation, and market timing theories of internationalization. Using new data on 9,096 firms across 74 countries over the period 1989-2000, we find that...

Persistent link: https://www.econbiz.de/10012467664

Migration, Spillovers,and Trade Diversion : The Impact of Internationalization on Stock Market Liquidity

Levine, Ross - 2003

What is the impact of firms that cross-list, issue depositary receipts, or raise capital in international stock markets on the liquidity of remaining firms in domestic markets? Using a panel of over 3,200 firms from 55 countries during 1989-2000, we find that internationalization reduces the...

Persistent link: https://www.econbiz.de/10012469086

Globalization, Trade, and Development : Some Lessons From History

Taylor, Alan M. - 2002

Recent research in international economic history has opened up new lines of enquiry on the origins of globalization …

Persistent link: https://www.econbiz.de/10012469380