investor “rationality,” the relation must be “explained” by a risk (factor) model. The investment approach questions the … approximations of firm-level investment returns. The evidence that characteristics dominate covariances in horse races does not …” expected returns; the investment approach is no more and no less “causal” than the consumption approach in “explaining …

investor “rationality,” the relation must be “explained” by a risk (factor) model. The investment approach questions the … approximations of firm-level investment returns. The evidence that characteristics dominate covariances in horse races does not …” expected returns; the investment approach is no more and no less “causal” than the consumption approach in “explaining …

ownership and capital demand adjustment in host countries. The author estimates a dynamic structural model of investment on a …

taxes impair subsidiary-level investment efficiency. Consistent with internal agency conflicts between the central …-level investment efficiency while reducing the level of investment. Our paper provides timely empirical evidence to inform expectations …

Tax incentives are a key component of governments’ investment policy mix as they directly impact companies’ tax burden …. In this paper, we illustrate the EU’s tax attractiveness as investment location over time in terms of effective average …

restate bilateral investment positions to better reflect the true financial linkages connecting countries around the world. We … find that portfolio investment from developed countries to firms in large emerging markets is dramatically larger than … composition of external portfolio liabilities, the nature of foreign direct investment, and the growth of financial globalization …

This paper examines the impact of financial sector foreign direct investment (FSFDI) on economic growth by estimating a …

foreign investors, China has recently allowed major increases in foreign investment in its domestic bond market. China …