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Innocents Abroad : The Hazards of International Joint Ventures with Pyramidal Group Firms

Perkins, Susan - 2008

The fundamental unit of production in microeconomics is the firm, and this mirrors reality in the United States and United Kingdom. But elsewhere, business groups can be the more important unit, for business strategy is often formulated at the business group level, not the firm level. In many...

Persistent link: https://www.econbiz.de/10012464733

International Joint Ventures and the Boundaries of the Firm

Desai, Mihir A. - 2002

This paper analyzes the determinants of partial ownership of the foreign affiliates of U.S. multinational firms and, in particular, why partial ownership has declined markedly over the last 20 years. The evidence indicates that whole ownership is most common when firms coordinate integrated...

Persistent link: https://www.econbiz.de/10012469596

Technology Transfer and Spillovers? Does Local Participation with Multinationals Matter?

Blomstrom, Magnus - 1998

This paper examines the effects on technology transfer and spillovers deriving from ownership sharing of foreign multinational affiliates. More specifically, we try to answer two questions, using unpublished Indonesian micro data. Firstly, do establishments with minority and majority ownership...

Persistent link: https://www.econbiz.de/10012471997

Liquidity Risk and U.S. Bank Lending at Home and Abroad

Correa, Ricardo - 2014

While the balance sheet structure of U.S. banks influences how they respond to liquidity risks, the mechanisms for the effects on and consequences for lending vary widely across banks. We demonstrate fundamental differences across banks without foreign affiliates versus those with foreign...

Persistent link: https://www.econbiz.de/10012458381

Evidence of Regulatory Arbitrage in Cross-Border Mergers of Banks in the EU

Carbo-Valverde, Santiago - 2009

Banks are in the business of taking calculated risks. Expanding the geographic footprint of an organization's profit-making activities changes the geographic pattern of its exposure to loss in ways that are hard for regulators and supervisors to observe. This paper tests and confirms the...

Persistent link: https://www.econbiz.de/10012463202

Foreign and Domestic Bank Participation in Emerging Markets : Lessons from Mexico and Argentina

Goldberg, Linda - 2000

studying bank-specific data on lending by domestically- and foreign-owned banks in Argentina and Mexico. We find that foreign …. Overall, these findings suggest that bank health, and not ownership per se, is the critical element in the growth, volatility …, and cyclicality of bank credit. Diversity in ownership appears to contribute to greater stability of credit in times of …

Persistent link: https://www.econbiz.de/10012471047

Bank Size, Reputation, and Debt Renegotiation

Fernandez, Raquel - 1988

This paper examines the effect that the coexistence of small and large banks, with different interests in the international market, has on the debt renegotiation process. Making use of a reputational model, we argue that the presence of small banks implies that debtor countries have a harder...

Persistent link: https://www.econbiz.de/10012476357

U.S. Commercial Banks and the Developing Country Debt Crisis

Sachs, Jeffrey - 1987

The major theme of this paper is that the commercial banks have weathered the debt crisis, while many debtor countries remain in economic paralysis or worse. There is a growing consensus that much of the LDC debt will not be fully serviced in the future, and that consensus is reflected in at...

Persistent link: https://www.econbiz.de/10012476612

The Internationalization of American Banking and Finance : Structure, Risk, and World Interest Rates

Darby, Michael R. - 1986

Persistent link: https://www.econbiz.de/10012477083

U.S. Banks and Global Liquidity

Correa, Ricardo - 2020

-of-second-to-last-resort". Using daily supervisory bank balance sheet information, we find that U.S. GSIBs modestly increase their dollar liquidity … broker-dealer subsidiaries within the same bank holding company are crucial to this type of "reserve-draining" intermediation …

Persistent link: https://www.econbiz.de/10012481346