This paper evaluates the influence of host-country financial conditions on the global operations of multinational firms. Using detailed U.S. data, we establish that financial development in a country is associated with relatively more entry by multinational affiliates, as well as with higher...

The case of poverty in the abundance of plenty mostly extant in resource rich countries is also evident along the coast of Ghana. Despite the huge salt production potential of the country's coast, the renewable resource remains highly untapped as output levels are less than 10% of potential...

This paper evaluates the influence of host-country financial development on the global operations of multinational firms. Using detailed U.S. data, we provide evidence that host-country financial development increases entry by multinational affiliates, while also decreasing affiliate sales in...