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International financial competitiveness and incentives to foreign direct investment

Jochem, Axel (contributor) - 2008

inward FDI stocks. For a panel of five advanced economies from 1980 to 2006 it is shown that price competitiveness, stable …-Saxon legislation also play a role. Financial competitiveness in turn encourages FDI inflows whereas it benefits fixed investment …

Persistent link: https://www.econbiz.de/10003794120

Foreign (in)direct investment and corporate taxation

Wamser, Georg (contributor) - 2008

This paper investigates the role of corporate taxation with respect to a multinational's investment decision, in which the multinational can pursue either a direct or an indirect investment strategy. The latter involves at least three corporate entities and opens up enhanced opportunities for...

Persistent link: https://www.econbiz.de/10003794353

Export-Supporting FDI

Krautheim, Sebastian - 2009

attention in the literature. This paper includes ESFDI into a model of trade and horizontal FDI with heterogeneous firms. ESFDI … in the home country. This introduces some complementarity between trade and FDI. In the model falling trade costs lead to … an increase in both overall trade and overall FDI activity. This provides a possible explanation for the simultaneous …

Persistent link: https://www.econbiz.de/10003870817

The use of tax havens in exemption regimes

Gumpert, Anna; Hines, James R.; Schnitzer, Monika - 2011

FDI ; Service FDI …

Persistent link: https://www.econbiz.de/10009424925

Knowledge sourcing : legitimacy deficits for MNC subsidiaries?

Schmidt, Tobias; Sofka, Wolfgang - 2009

Multinational corporations (MNC) search increasingly for lead market knowledge and technological expertise around the globe. We investigate whether their subsidiaries gain access to these valuable sources of host country knowledge to the same degree as domestic rivals. We develop a theoretical...

Persistent link: https://www.econbiz.de/10003831958

Who is afraid of political risk? : multinational firms and their choice of capital structure

Kesternich, Iris; Schnitzer, Monika - 2009

This paper investigates how multinational firms choose the capital structure of their foreign affiliates in response to political risk. We focus on two choice variables, the leverage and the ownership structure of the foreign affiliate, and we distinguish different types of political risk, such...

Persistent link: https://www.econbiz.de/10003811124

The discontinuous integration of Western Europe’s heterogeneous market for corporate control from 1995 to 2007

Frey, Rainer - 2010

As, in Europe, many institutional reforms have been undertaken to establish an economic union, it can be expected that the relevance of borders has decreased over time. For the EU 15, we investigate the expected integration process of the market for corporate control – an illustrative market...

Persistent link: https://www.econbiz.de/10003986833

Cross-border bank lending, risk aversion and the financial crisis

Düwel, Cornelia; Frey, Rainer; Lipponer, Alexander - 2011

This study investigates the determinants of adjustments in the provision of cross-border loans by internationally active banks. For the period from 2002 to 2010, we look at quarterly transaction data (excluding valuation effects) on long-term loans issued by the largest 69 German banking groups...

Persistent link: https://www.econbiz.de/10009424952

Short-term capital, economic transformation, and EU accession

Lusinyan, Lusine; Buch, Claudia M. - 2002

One key focus of the on-going debate on the integration of international financial markets have been measures to lengthen the maturity of foreign debt, as short-term debt is typically considered to be highly volatile. The transition economies of Central and Eastern Europe are one group of...

Persistent link: https://www.econbiz.de/10011431146

FDI versus cross-border financial services : the globalisation of German banks

Buch, Claudia M. (contributor); … - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001998057