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The collapse of a country
Daníelsson, Jón - 2009
Persistent link: https://www.econbiz.de/10014306478
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Financial Determinants of Foreign Direct Investment
Forssbæk, Jens; Oxelheim, Lars - 2008
We argue that mainstream FDI theory underplays financial motivations for interna-tional investment, and suggest several possible channels for a distinct cost-of-capital effect on FDI. Using a sample of European firms' cross-border acquisitions, and controlling for traditional firm-level...
Persistent link: https://www.econbiz.de/10010320048
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Finance-specific Factors as Drivers of Cross-border Investment: An OLI Perspective
Forssbaeck, Jens; Oxelheim, Lars - 2008
In this paper we empirically test the role of firm-specific financial characteristics as drivers of international investment and production. We hypothesize that financial strength generates advantages that can be exploited through cross-border investment activity. The hypothesis is tested in a...
Persistent link: https://www.econbiz.de/10010320378
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The Euro is good after all: Evidence from corporate valuations
Bris, Arturo; Koskinen, Yrjö; Nilsson, Mattias - 2003
In this paper we study the changes in corporate valuations induced by the adoption of the euro as the common currency in Europe. We use corporate-evel data from ten countries that adopted the euro, the three EU countries that did not start using the euro, as well as Norway and Switzerland. We...
Persistent link: https://www.econbiz.de/10010281165
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The Euro is good after all: Corporate evidence
Bris, Arturo; Koskinen, Yrjö - 2002
In this paper we study the changes in corporate valuation, investments, and financing choices induced by the formation of Economic and Monetary Union (EMU) in Europe. We use corporate-level data from ten countries that adopted the euro, the three EU countries that did not join EMU, as well as...
Persistent link: https://www.econbiz.de/10010281234
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Regulation of Europe's network industries: the perspective of the new economic theory of federalism
Bickenbach, Frank - 2000
The paper starts with a description of major reforms of EU policy in the network industries. Based on the normative economics of regulation, it then points out generic information and transaction cost problems of regulatory policy making. An appropriate allocation of regulatory competencies may...
Persistent link: https://www.econbiz.de/10010265451
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Donating time or money: Are they substitutes or complements?
Hartmann, Bastian; Werding, Martin - 2012
Decisions to donate time or money for charitable purposes are typically seen as make-or-buy decisions, implying that there should be a clear distinction between individuals engaging in one of these two forms of giving and that this distinction should be somehow linked to opportunity costs. But...
Persistent link: https://www.econbiz.de/10010283578
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Capital Market Integration in Euroland - The Role of Banks
Buch, Claudia M. - 1999
The introduction of the euro marks a milestone in the process of European financial market integration. This paper analyzes the implications of the euro for cross-border banking activities. A portfolio model is used which captures the role of banks as providers of informational and of...
Persistent link: https://www.econbiz.de/10010260522
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The effects of privatization on R&D investments and patent productivity
Munari, Federico; Sobrero, Maurizio - 2002
Over the last two decades privatization programs in different countries radically reduced the role of the State as a …'s principal-agent structure following privatization, and incentives to invest in R&D and to patent. We compare the pre and post … privatization R&D effort and patenting behavior of 35 companies that were fully or partially privatized in 9 European countries …
Persistent link: https://www.econbiz.de/10011335727
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Privatization and R&D performance: An empirical analysis based on Tobin's q
Munari, Federico; Oriani, Raffaele - 2002
In this paper, we analyze the impact of privatization on the firms' R&D performance. We expect that, in the early … period after privatization, path dependencies still negatively affect the efficiency of R&D operations. We test our …
Persistent link: https://www.econbiz.de/10011335733