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Divide and Privatize : Firm Break-Up and Performance

Kočenda, Evžen - 2011

We analyze the long-term effects of firm break-up and ownership change on corporate performance. Our analysis is based on a unique data set for a large number of Czech firms spanning the period 1996–2005. We employ a propensity score matching procedure to deal with endogeneity problems. Our...

Persistent link: https://www.econbiz.de/10013124394

The Economics of a Multilateral Investment Agreement

Che, Jiahua - 2012

This paper models a multilateral agreement on investment (MAI) as a coordination device. Multinational enterprises can invest in any number of countries. Without a multilateral investment agreement, expropriation triggers an investment stop by the single MNE. Under a multilateral agreement,...

Persistent link: https://www.econbiz.de/10012754890

World Market Access of Emerging-Market Firms : The Role of Foreign Ownership and Access to External Finance

Raff, Horst - 2013

This paper uses micro-data from the World Bank Investment Climate Surveys 2002-2006 to investigate how foreign ownership and access to external finance affect the likelihood of manufacturers in emerging markets to export and/or import. Applying propensity score matching to control for...

Persistent link: https://www.econbiz.de/10013078522

The Effect of Tax Havens on Host Country Welfare

Gresik, Thomas A. - 2015

Multinational corporations can shift income into low-tax countries through transfer pricing and debt financing. While most developed countries use thin capitalization rules to limit the extent to which a subsidiary can be financed with internal debt, a number of developing countries do not. In...

Persistent link: https://www.econbiz.de/10013023192

Former Foreign Affiliates : Cast Out and Outperformed?

Javorcik, Beata K. Smarzynska - 2015

The literature has documented a positive effect of foreign ownership on firm performance. But is this effect due to a one-time knowledge transfer or does it rely on continuous injections of knowledge? To shed light on this question we focus on divestments, that is, foreign affiliates that are...

Persistent link: https://www.econbiz.de/10013030495

How Has the Global Financial Crisis Affected Syndicated Loan Terms in Emerging Markets? Evidence from China

Caporale, Guglielmo Maria - 2015

a leading emerging market, namely China, using difference-in-differences and GARCH approaches. Before the crisis China …

Persistent link: https://www.econbiz.de/10013021756

Firm Performance and Trade with Low-Income Countries : Evidence from China

Schmerer, Hans‐Jörg - 2014

analysis reveals a rising low-income country trade share around and after China's accession to the World Trade Organization …

Persistent link: https://www.econbiz.de/10013047343

China's Investment Rate : Implications and Prospects

Holz, Carsten A. - 2017

For the past nearly forty years, China has experienced average annual real GDP growth of close to ten percent, much of … expenditures. This paper documents the role of investment in driving economic growth in China, questions how much longer China can … reduction in investment. It also notes that investment in China remains broad-based across all economic sectors, with little …

Persistent link: https://www.econbiz.de/10012953882

The Changing Patterns of Investment in the PRC Economy

Holz, Carsten A. - 2017

The investment-intensive growth model of the People's Republic of China (PRC) is often viewed as state-driven and …

Persistent link: https://www.econbiz.de/10012953961

The Deepening China Brazil Economic Relationship

Whalley, John - 2015

We document key features of the deepening economic relationship between Brazil and China. This is evident from sharply … international fora. Data presented show bilateral trade between Brazil and China surging after 2001 and China is now Brazil … rates suggest that China will become the dominant trade partner for Brazil surprisingly soon …

Persistent link: https://www.econbiz.de/10013038340