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This paper documents that standard measures of corruption based on the perceptions of experts and opinion surveys and … corruption is in a country. We then show that while perceptions of corruption are significantly associated with the amount of … zero in a foreign country (greenfield investment) is significantly associated with the experience of corruption while …
Persistent link: https://www.econbiz.de/10011110591
corruption index in the estimation procedure. Using a cross-country analysis from the Europe and Central Asia (ECA) region …, corporate corruption and expenditure on education sector are positively related to the number of patents applications. Our study … shed light on the national innovation activities and anti-corruption programs. …
Persistent link: https://www.econbiz.de/10011114161
for the period from 1995 to 2008, considering the role of corruption in each country as an absorptive factor. The … estimation results indicate that, although FDI alone does not promote economic growth, it has a significant effect on economic … growth if the interaction term between FDI and corruption is considered. The threshold level of corruption separating the …
Persistent link: https://www.econbiz.de/10008765901
(level of corruption, protection of property rights) and macro-economical (foreign exchange rates and consumer prices …
Persistent link: https://www.econbiz.de/10005626823
As the legislation on foreign direct investment (FDI) in Hungary has been probably the most liberal in Central and Eastern Europe since the mid-1980s, FDI is the primary form chosen by Western firms to enter the Hungarian market. The major channels of FDI include the privatisation of former...
Persistent link: https://www.econbiz.de/10013010036
Contractual buyout (CoBO) is a new “collective ownership and joint administrative strategy”, which gives an opportunity to buy a target firm in the given period when the given contract ends between acquirer, target firm, and financier. It is a takeover defensive method and tends to avail tax...
Persistent link: https://www.econbiz.de/10011267864
This article attempts to provide empirical validation of financial globalization. First, we will give an idea about the reorganization of global companies and production functions will emphasize the extent of the phenomenon. Similarly, we will talk if the importance of the size reflects the law...
Persistent link: https://www.econbiz.de/10011271330
The issue of differentiating between FDI and FPI is related to the functional aspects of the investments. The internationally adopted definition which relies on a numerical benchmark of 10% is thus of limited practical utility for policy makers. However, because of its widespread adoption and...
Persistent link: https://www.econbiz.de/10011258659
of 16 selected US states. The study employed Panel data where contemporaneous panel fixed estimation results shows that …
Persistent link: https://www.econbiz.de/10011258765
The aim of this paper is to identify, by estimating a panel econometric model, the factors determining FDI inflows to developing countries over a long period. The study is based on a sample of 32 developing countries. In our analysis, FDI inflows are modeled as a function of the market size,...
Persistent link: https://www.econbiz.de/10011259273