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develops a stylized model of mergers and acquisitions that predicts that the incidence of merger and acquisition deals depends … costs. These predictions are examined with bilateral merger and acquisition flow data and detailed information on policy … probability of merger and acquisition inflows but this negative effect is mitigated in countries with relatively large shares of …
Persistent link: https://www.econbiz.de/10012973145
Using a comprehensive and proprietary data set on international private equity activity, this paper studies the determinants of buyout investments across 61 countries and 19 industries over 1990-2017. The study finds evidence that macroeconomic conditions, development of stock and credit...
Persistent link: https://www.econbiz.de/10012838894
Many countries spend significant resources on investment promotion agencies in the hope of attracting inflows of foreign direct investment. Despite the importance of this question for public policy choices, little is known about the effectiveness of investment promotion efforts. This study uses...
Persistent link: https://www.econbiz.de/10012747622
This paper discusses the results of a survey of multinational corporations with affiliates in developing countries. The paper explores corporate perspectives and decision making across the stages of the investment cycle: attraction, entry and establishment, operations and expansion, linkages...
Persistent link: https://www.econbiz.de/10012923417
The acceleration of natural resource discoveries across many parts of the developing world has highlighted the urgent need for solutions to the mismanagement of windfalls that has blighted many countries over the past half-century. One proposal involves distributing annually a share of resource...
Persistent link: https://www.econbiz.de/10012969966
This paper examines whether domestic output growth helps attract capital inflows and, in turn, capital inflows help boost output growth in a set of 38 Sub-Saharan African countries. Using a two-step approach to address reverse causality and omitted variable issues, the paper finds that output...
Persistent link: https://www.econbiz.de/10012971630
The main focus of the paper is the measurement of the potential for externalities related to foreign direct investment. A series of novel proxies are drawn from the Enterprise Survey database of the World Bank-IFC and tested against hypotheses considered in the foreign direct investment...
Persistent link: https://www.econbiz.de/10012972016
Are jobs created by foreign investors good jobs? The evidence reviewed in this article is consistent with the view that jobs created by FDI are good jobs, both from the worker's and the country's perspective. From the worker's perspective, this is because such jobs are likely to pay higher wages...
Persistent link: https://www.econbiz.de/10012973070
This paper investigates the factors associated with foreign direct investment "surges" and "stops," defined as sharp increases and decreases, respectively, of gross foreign direct investment inflows to the developing world and differentiated based on whether these events are led by waves in...
Persistent link: https://www.econbiz.de/10012973525
Like many other developing countries, South Asian nations have been experiencing increased foreign direct investment inflows over the past decade as developing countries get a larger share of cross-border investments that were once sent to developed countries. Nonetheless, South Asia's inflows...
Persistent link: https://www.econbiz.de/10012973794