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Internationalization and the evolution of corporate valuation

Levine, Ross - 2005

"By documenting the evolution of Tobin's "q" before, during, and after firms internationalize, this paper provides evidence on the bonding, segmentation, and market timing theories of internationalization. Using new data on 9,096 firms across 74 countries over the period 1989-2000, we find that...

Persistent link: https://www.econbiz.de/10010522397

Land, Labor and Globalization in the Pre-Industrial Third World

Williamson, Jeffrey G. - 2000

/rental ratios the world round between 1870 and 1940. The data offer a useful way to identify the impact of globalization on the pre …

Persistent link: https://www.econbiz.de/10012470966

When Did Globalization Begin?

O'Rourke, Kevin H. - 2000

Some world historians attach globalization big bang' significance to 1492 (Christopher Colombus stumbles on the … important events in recorded history. Other world historians insist that globalization stretches back even earlier. There is a … integration of markets between trading economies (e.g., the central manifestation of globalization, commodity price convergence …

Persistent link: https://www.econbiz.de/10012471135

Globalization and International Public Finance

Kremer, Michael - 2000

This paper examines the effect of reduced transaction costs in the international trading of assets on the ability of governments to issue debt. We examine a model in which governments care about the welfare of their citizens, and thus are more inclined to default if a large proportion of their...

Persistent link: https://www.econbiz.de/10012471194

An Economic Analysis of Transnational Bankruptcies

Bebchuk, Lucian Arye - 2000

This paper analyzes the effects of the legal rules governing transnational bankruptcies. We compare a regime of territoriality' -- in which assets are adjudicated by the jurisdiction in which they are located at the time of the bankruptcy -- with a regime of universality are adjudicated in a...

Persistent link: https://www.econbiz.de/10012471197

Domestic Policies, National Sovereignty and International Economic Institutions

Bagwell, Kyle - 1999

To what extent must nations cede control over their economic and social policies if global efficiency is to be achieved in an interdependent world? This question is at the center of the debate over the future role of GATT (and its successor, the WTO) in the realm of labor and environmental...

Persistent link: https://www.econbiz.de/10012471491

Is Globalization Today Really Different than Globalization a Hunderd Years Ago?

Bordo, Michael D. - 1999

This paper pursues the comparison of economic integration today and pre 1914 for trade as well as finance, primarily for the United States but also with reference to the wider world. We establish the outlines of international integration a century ago and analyze the institutional and...

Persistent link: https://www.econbiz.de/10012471593

Regional Contagion and the Globalization of Securities Markets

Calvo, Guillermo A. - 1999

This paper argues that the globalization of securities markets may promote contagion among investors by weakening …

Persistent link: https://www.econbiz.de/10012471634

The Impact of Globalization on Pre-Industrial, Technologically Quiescent Economies

Williamson, Jeffrey G. - 1999

This paper uses a new pre-1940 Third World data base documenting real wages and relative factor prices to explore their determinants. There are three possibilities: external price shocks, factor endowment changes, and technological change. As the paper's title suggests, technological change is...

Persistent link: https://www.econbiz.de/10012471648

Capital Goods Prices, Global Capital Markets and Accumulation : 1870-1950

Collins, William J. - 1999

Conventional wisdom has it that global financial markets were as well integrated in the 1890s as in the 1990s, but that it took several post-war decades to regenerate the connections that existed before 1914. This view has emerged from a variety of tests for world financial capital market...

Persistent link: https://www.econbiz.de/10012471649

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