This paper examines the consequences of foreign tax holiday participation for U.S. economic activities. Chow, Hoopes, and Maydew (2020) present the first evidence of U.S. multinational companies’ (MNCs) participation in foreign tax holidays and find significant involvement in recent decades....

This paper seeks to understand why Asian foreign investment is concentrated in financial markets outside of the region instead of in Asian markets. We analyse empirically the geographical composition of the cross-border portfolio holdings of more than 40 source countries. We compare these...

This paper examines the roles comparability and transparency play in the relation between IFRS adoption and foreign direct investment (FDI). In this study, I disentangle the impact of transparency and comparability through the use of a natural experiment resulting from Mexico's adoption of IFRS...