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and the volatility of the main capital flows - foreign direct investment (FDI), portfolio investment, and foreign bank …
Persistent link: https://www.econbiz.de/10011475864
firm characteristics for analyzing the determinants of outward foreign direct investment (FDI). The focus is on the role of … ownership shares in new affiliates. -- Multinational enterprises ; firm characteristics ; Indian locations ; German FDI …
Persistent link: https://www.econbiz.de/10003772206
In addition to firm and industry characteristics, the heterogeneity of foreign direct investment (FDI) has to be taken … into account when analyzing the determinants of outward FDI. We combine two firm-specific datasets on German firms with … subsidiaries and joint ventures in the Czech Republic, compared to a control group of German firms without FDI in this host country …
Persistent link: https://www.econbiz.de/10003872043
importance of firm-level productivity and distance-related transaction costs as driving forces of FDI. Yet the timing of FDI has … received little attention in the empirical literature on FDI determinants. To help close this gap we analyze FDI decisions by … German firms with and without affiliates in the Czech Republic at different stages of transition. We find that FDI entry …
Persistent link: https://www.econbiz.de/10003929467
investment (FDI) cannot be gauged using firm-level data. Aggregated data, in turn, miss channels through which domestic and … investment. We theoretically show that the effects of FDI on the domestic capital stock depend on the structure of industries and … inter-sector linkage effects. We test the model using data on German FDI. Using panel cointegration methods, we find …
Persistent link: https://www.econbiz.de/10010383026
the abolition of capital controls seem to have exerted a greater influence on foreign assets than on FDI of German banks …
Persistent link: https://www.econbiz.de/10011475868
Economic theory provides two main explanations why changes in exchange rates can affect foreign direct investment (FDI …). According to a first explanation, FDI reacts to exchange rate changes if there are information frictions on capital markets and … explanation, FDI reacts to exchange rate changes if output and factor markets are segmented, and if firm-specific assets are …
Persistent link: https://www.econbiz.de/10003371083
The Eastern enlargement of the European Union (EU) is likely to give a further boost to trade and capital flows, yet … determinants of international asset holdings and trade flows. We find in most regressions that EU membership has a significant … candidates actual values are still far below expected ones in most cases. Consequently, we anticipate rising capital and trade …
Persistent link: https://www.econbiz.de/10011472489
One key focus of the on-going debate on the integration of international financial markets have been measures to lengthen the maturity of foreign debt, as short-term debt is typically considered to be highly volatile. The transition economies of Central and Eastern Europe are one group of...
Persistent link: https://www.econbiz.de/10011431146
One key focus of the on-going debate on the integration of international financial markets have been measures to lengthen the maturity of foreign debt. Short-term debt is typically considered to be volatile and thus a potential trigger of currency crises. In contrast to the vivid policy debate...
Persistent link: https://www.econbiz.de/10011472278