Buch, Claudia M.; Kesternich, Iris; Lipponer, Alexander; … - 2009
-border expansion of firms. But firms may also need external finance to shoulder the costs of entering foreign markets. We develop a … model of multinational firms facing real and financial barriers to foreign direct investment (FDI), and we analyze their im …-pact on the FDI decision (the extensive margin) and foreign affiliate sales (the intensive margin). We provide empirical …