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The long-run determinants of euro area FDI to the United States during the period 1980-2001 are explained by employing the Tobin's Q-model of investment. By using the fixed effects panel estimator, stock market developments in the euro area countries - including a measure adjusted for economic...
Persistent link: https://www.econbiz.de/10009636552
Purpose – The purpose of this paper is to study the influence of cultural positions on the choice of entry mode in foreign direct investment (FDI) – joint ventures vs wholly owned subsidiaries. The paper focusses on the impact of cultural positions along four cultural dimensions, as well as...
Persistent link: https://www.econbiz.de/10014692842
We theoretically identify two levels of agency conflicts related to foreign direct investment (FDI): within a parent firm and between parent(s) and an affiliated firm. For a sample of 182 firms that announced U.S.‐related FDIs in 1995, we examine the effects of agency conflicts on the choice...
Persistent link: https://www.econbiz.de/10014931755
of debt policy among Malaysian listed family-owned firms. Thus, the results suggest there is no expropriation of minority …. Originality/value – This paper investigates the expropriation of minority interests by Malaysian family-owned firms on which has …
Persistent link: https://www.econbiz.de/10014839602
expropriation of land for urban redevelopment in China. Design/methodology/approach A mixed methods quantitative and qualitative … expropriation, monthly family expense before expropriation, the location of the housing expropriation and family unit size are … expropriation, to make the compensation policy be perceived as fairer and more reasonable by citizens; that a broad National …
Persistent link: https://www.econbiz.de/10014900232
Purpose The purpose of this paper is to shed light on the effect of family ownership on corporate tax avoidance. It also investigates whether audit quality affects tax avoidance practices by family firms. Design/methodology/approach Based on a sample of 55 Tunisian listed companies from 2008 to...
Persistent link: https://www.econbiz.de/10014929910
Purpose – The aim of this paper is to examine the expropriation, valuation and compensation practice. This paper tries … to investigate how the expropriation and compensation laws are implemented when privately held land and attached real … big gap between the actual practice of expropriation, valuation and compensation and the Laws. Lack of application of …
Persistent link: https://www.econbiz.de/10014971809
Exchanges and other trading platforms are often vertically integrated to carry out trading, clearing and settlement as one operation. We show that such vertical silos can prevent efficiency gains from horizontal consolidation of trading and settlement platforms to be realized. Independent of the...
Persistent link: https://www.econbiz.de/10009639429
In recent years, demutualized stock exchanges have been increasingly engaging in M&A and alliance activities. To examine the effect of these growth strategies on exchange shareholders’ value creation, we focus on 14 public stock exchanges and investigate their short-run share price responses...
Persistent link: https://www.econbiz.de/10009640339
The sanctity of private property is an essential requirement for economic prosperity of an economy. However, in some countries, the ruler who is supposed to ensure the supremacy of private property is sometimes seen expropriating private property. In this circumstance, judicial independence is...
Persistent link: https://www.econbiz.de/10014585124