Showing 1 - 10 of 157
Foreign direct investment offers a rich laboratory in which to study the broader economic effects of securities market mispricing. We outline and test two mispricing-based theories of FDI. The cheap assets' or fire-sale theory views FDI inflows as the purchase of undervalued host country assets,...
Persistent link: https://www.econbiz.de/10012468134
This paper provides a theory of foreign equity investment restrictions. In a setting where the demand function for domestic shares differs between domestic and foreign investors, domestic entrepreneurs can maximize firm value by discriminating between domestic and foreign investors. The...
Persistent link: https://www.econbiz.de/10012474748
shocks. We show that firms whose debt" had a higher fraction of bank loans in 1989 performed worse from 1990 to 1993. This … affect performance during this period of time. We find that firms that were more" bank-dependent also invested less during … this period than other firms. This evidence points to an" adverse effect of bank-centered corporate governance, namely that …
Persistent link: https://www.econbiz.de/10012472574
Persistent link: https://www.econbiz.de/10011284880
Persistent link: https://www.econbiz.de/10011304112
Persistent link: https://www.econbiz.de/10009751210
Persistent link: https://www.econbiz.de/10010194838
Persistent link: https://www.econbiz.de/10011446201
Persistent link: https://www.econbiz.de/10001074223
Persistent link: https://www.econbiz.de/10011293384