Previous empirical work on the link between domestic and foreign investment provides mixed results which partly depend … 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 …

This paper provides new evidence on the foreign direct investment stocks of German firms. We use firm-level data for …

This paper provides new evidence on the foreign direct investment stocks of German firms. We use firm-level data for …

model of multinational firms facing real and financial barriers to foreign direct investment (FDI), and we analyze their …’ foreign investment decisions, an effect felt in particular by large firms. Financial constraints at the parent level matter …