This paper analyses the evolution of India's FDI position during the post-independence period in comparison with government policy and levels of industrialization and development. Since independence, India has pursued a strategy of industrialization with active governmental intervention....

The literature on the investment technology of foreign versus domestic investors has inconclusive results. This paper revisits the question, with a focus on decomposing portfolio performance into asset allocation and security selection. We document signicant differences in exposure to systematic...

This paper discusses different forms of international inter-firm linkages for transfer of technology, capital and other resources, e.g. foreign direct investment, licensing and other contractual modes, strategic alliances and internationalization of developing country enterprises. The paper...

Flows of foreign direct investment (FDI) are increasingly being seen as a very important channel for the transfer of technology, capital and entrepreneurship. Developing countries compete vigorously among themselves to attract greater volumes of FDI with a variety of policy instruments. This...

FDI flows originating in developing countries have evolved in terms of increasing magnitudes as well as in terms of their motivations. In the initial round, developing country FDI were essentially horizontal in nature, generally destined to other developing countries seeking markets. Using case...

We compare the investment technology of foreign versus domestic investors with a focus on decomposing outcomes attributable to asset allocation and security selection. We document significant differences in exposure to systematic asset pricing factors between foreign and domestic investors. A...

Emerging market policy makers have been concerned about the financial stability implications of financial globalization. These concerns are focused on behavior under stressed conditions. Do tail events in the home country trigger off extreme responses by foreign investors – are foreign...