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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

Regional Contagion and the Globalization of Securities Markets

Calvo, Guillermo A. - 1999

This paper argues that the globalization of securities markets may promote contagion among investors by weakening …

Persistent link: https://www.econbiz.de/10012471634

Financial Globalization, Financial Crises and Contagion

Mendoza, Enrique G. - 2009

Two observations suggest that financial globalization played an important role in the recent financial crisis. First …

Persistent link: https://www.econbiz.de/10012463217

On the Welfare Implications of Financial Globalization without Financial Development

Mendoza, Enrique G. - 2007

globalization is accompanied by the development of domestic institutions and financial markets. However, if liberalization does not … lead to financial development, globalization can result in adverse effects on social welfare and the distribution of wealth … asset market incompleteness, financial globalization hurts the poor in countries with less developed financial markets. This …

Persistent link: https://www.econbiz.de/10012465238

Precautionary Demand for Foreign Assets in Sudden Stop Economies : An Assessment of the New Merchantilism

Durdu, Ceyhun Bora - 2007

Financial globalization was off to a rocky start in emerging economies hit by Sudden Stops since the mid 1990s. Foreign … saving affects foreign assets via three mechanisms: business cycle volatility, financial globalization, and Sudden Stop risk … Irving Fisher's debt-deflation mechanism. Our results show that financial globalization and Sudden Stop risk are plausible …

Persistent link: https://www.econbiz.de/10012465531

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

Financial Globalization, Financial Crises, and the External Portfolio Structure of Emerging Markets

Mendoza, Enrique G. - 2013

and asset prices first rise and then fall. These results are in line with the post-globalization dynamics observed in …

Persistent link: https://www.econbiz.de/10012459589