Is there any interrelationship between firm level FDI in the form of cross border Mergers amp; Acquisitions and capital markets growth and quality? We addressed this question using panel data of cross border Mamp;A for nine emerging economies. Our study period goes from 1987 to 2006. We find...

This paper investigates, to what extent the optimization of dividend repatriations from an Austrian subsidiary - if the shares are held in a German sole proprietorship - will rise the future value of real investments compared to using nominal tax rates for repatriation decisions. Therefor...

We use firm-level data and national input-output tables from 17 countries over the 2002-2005 period to test new and existing hypotheses about the impact of foreign direct investment (FDI) on the efficiency of domestic firms in the host country (i.e., spillovers). Providing evidence from a larger...

Research on multinational corporations (MNCs) and host government political risk in developing countries has largely ignored local electoral politics, economic policies, and the MNC investment incentives they may generate. In response, I develop and test a framework for understanding MNC risk...

We compare banking sector development in the EU Accession Countries (AC) Bulgaria, Croatia, Romania and Turkey with a special emphasis on the role of foreign banks. We discuss selected features of the Accession Countries' banking sector reform and patterns of foreign entry, combining the...

This paper contributes to the finance-growth debate by reviewing the relationship between financial sector foreign direct investment and economic growth. The positive view of the finance-led growth hypothesis normally focuses on more open and liberalized financial systems. Banking markets in...

In the context of the international trend to simplify the SMEs' financial reporting, one may identify a stringent call for the identification and serious analysis of the SMEs' specific stakeholders and their needs. It appears that these needs are not sufficiently developed at present so that...

Due to the significant share of the related parties’ transactions (approx. 60% of the international trade) and due to the importance of multinational financial institutions in the global economy, the transfer pricing area offers a wide range of opportunities for the economic planning of the...

This study investigated the relationship between organizational culture and organizational commitment. Two different scales (Organizational Culture Scales and Organizational Commitment Scales) were used as data gathering instrument. The research was conducted on employees of service sector...