Showing 1 - 10 of 89
This paper focuses on the stability aspects of cross-border banking. We first argue that cross-border banking brings about various benefits and costs for financial stability. Based on this, we draw conclusions for the desirability of cross-border banking in the EU, and derive implications for...
Persistent link: https://www.econbiz.de/10011255982
To serve foreign markets, firms can either export or set up a local subsidiary through horizontal Foreign Direct Investment (FDI). The conventional proximity-concentration theory suggests that FDI substitutes for trade if distance between countries is large, while exports become more important...
Persistent link: https://www.econbiz.de/10011256176
We build a dynamic general equilibrium model with 2 countries, horizontal and vertical multinational activity and endogenous domestic and foreign investment. It is found that horizontal multinational activity always leads to a complementary relationship between domestic and foreign investment....
Persistent link: https://www.econbiz.de/10011256272
We empirically examine the heterogeneity in the effects of multiple dimensions of distance on trade across detailed product groups. Using finite mixture modeling on bilateral trade data at the 3-digit SITC level, we endogenously group product categories into an, a priori unknown, number of...
Persistent link: https://www.econbiz.de/10011256864
This paper analyses the national tax treatment of interestexpenditures of multinational enterprises in a non-cooperative world. It is shown that the international tax systemgenerally leads to distortions in the capitaldecisions of multinational firms. In contrast to the existingliterature on the...
Persistent link: https://www.econbiz.de/10011257372
This paper studies the impact of cross-border Mergers and Acquisitions (M&As) on Carbon Dioxide emissions. Carbon Dioxide is the main anthropogenic greenhouse gas. A global problem that requires a multilateral solution. To take this into account we introduce an institutional variable, which...
Persistent link: https://www.econbiz.de/10011255767
The literature has documented a positive effect of foreign ownership on firm performance. But is this effect due to a …
Persistent link: https://www.econbiz.de/10011256807
An anticipated benefit of the prospective European Banking Union is stronger supervision of European banks. Another benefit would be enhanced resolution of banks in distress. While national governments confine themselves to the domestic effects of a banking failure, a European Resolution...
Persistent link: https://www.econbiz.de/10011255493
performance and postdissolution private and financial outcomes with a selected set of comparable firms and couples. We find …
Persistent link: https://www.econbiz.de/10011256068
> Human capital obtained through education has been shown to be one of the strongest drivers of entrepreneurship performance … following proposition: The performance of an entrepreneur is not only affected positively by her own education level but in … year <I>t</I> and several measures of the performance of individual entrepreneurs in that same country and year, including …
Persistent link: https://www.econbiz.de/10011256412