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Persistent link: https://www.econbiz.de/10009405194
We investigate asset returns around banking crises in 44 advanced and emerging economies from 1960 to 2016. In contrast to the view that buying assets during banking crises is a profitable long-run strategy, we find that returns of equity and other asset classes often underperform following...
Persistent link: https://www.econbiz.de/10013242872
We investigate asset returns around banking crises in 44 advanced and emerging economies from 1960 to 2018. In contrast to the view that buying assets during banking crises is a profitable long-run strategy, we find returns of equity and other asset classes generally underperform after banking...
Persistent link: https://www.econbiz.de/10013227328
paper extends the works of Myers, Myers and Pogue and Lev to include individual investment project decisions to the global … into the capital investment decision of the firm. The model shows that a firm's production decision (buy or build), the …
Persistent link: https://www.econbiz.de/10013109363
Persistent link: https://www.econbiz.de/10010529641
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1970's financial liberalization has been followed by the liberalization of commercial markets in the process of globalization. Liberalization of financial markets has caused the acceleration of capital flows and the increase of their volume. Capital that flows to developing countries suffering...
Persistent link: https://www.econbiz.de/10013097509
, often qualified as 'frontier market', are provided with many potentially attractive investment opportunities. Yet they …
Persistent link: https://www.econbiz.de/10013090493
This article analyzes the historical patterns of foreign investment in Latin America and the recent Mexican financial … crisis in order to examine the appropriate form of foreign investment in developing countries. It argues that these nations … should increase foreign investment flows into their economies by focusing on encouraging relational investments. Relational …
Persistent link: https://www.econbiz.de/10012976243
We study the drivers of investment in Italy during the global financial crisis and the sovereign debt crisis. We focus … investment rate of 1.9 and 1.4 percentage points (36 and 41 per cent of its mean) during each crisis. We also find that expected …. Overall, ex-ante high firm indebtedness has been an important driver of the lower investment rate over the last decade …
Persistent link: https://www.econbiz.de/10012919562