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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

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

The Environment and Globalization

Frankel, Jeffrey A. - 2003

Fears that globalization necessarily hurts the environment are not well-founded. A survey reveals little statistical …

Persistent link: https://www.econbiz.de/10012468604

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 of the Economy

Frankel, Jeffrey A. - 2000

Globalization of trade and finance has gone a long way over the last half-century. But it is less impressive than most … international integration. The paper documents the extent of globalization, and some reasons for the barriers that remains. It then … environment. The conclusion is that globalization is not the primary obstacle to efforts to address such concerns …

Persistent link: https://www.econbiz.de/10012470885

The Internationalization of Equity Markets

Frankel, Jeffrey A. - 1993

This introduction to a forthcoming NBER volume on 'The Internationalization of Equity Markets' argues that the existing finance literature has in some respects not kept pace with world trends. Most empirical studies fail to take due account of the diversity of assets offered by countries around...

Persistent link: https://www.econbiz.de/10012474350

NBER International Seminar on Macroeconomics 2005

Frankel, Jeffrey A. (ed.); … - National Bureau of Economic Research - 2007

Persistent link: https://www.econbiz.de/10003655872

International Capital Flows and Domestic Economic Policies

Frankel, Jeffrey A. - 1987

This paper, written for the NBER Conference on the Changing Role of the United States in the World Economy, covers the capital account in the U.S. balance of payments. It first traces the history from 1946 to 1980, a period throughout which Americans were steadily building up a positive net...

Persistent link: https://www.econbiz.de/10012476859

International Macroeconomic Policy Coordination When Policy-Makers Disagree on the Model

Frankel, Jeffrey A. - 1986

The existing literature on international macroeconomic policy coordination makes the unrealistic assumption that policy-makers all know the true model, from which it follows in general that the Nash bargaining solution is superior to the Nash non-cooperative solution. But everything changes once...

Persistent link: https://www.econbiz.de/10012477010

The Natural Resource Curse : A Survey

Frankel, Jeffrey A. - 2010

It is striking how often countries with oil or other natural resource wealth have failed to grow more rapidly than those without. This is the phenomenon known as the Natural Resource Curse. The principle has been borne out in some econometric tests of the determinants of economic performance...

Persistent link: https://www.econbiz.de/10012462796