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Corruption, networking and foreign ownership : recent evidence from CEE countries
Pal, Sarmistha - 2013
The present paper argues that the effect of corruption on foreign ownership is not necessarily linear and depends on … the level of host corruption. So long as the expected returns from foreign investments exceed its expected costs, higher … host corruption will be associated with higher foreign ownership. However, costs may exceed or exactly compensate the …
Persistent link: https://www.econbiz.de/10010195528
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Corruption, Networking and Foreign Ownership : Recent Evidence from CEE Countries
Pal, Sarmistha - 2013
The present paper argues that the effect of corruption on foreign ownership is not necessarily linear and depends on … the level of host corruption. So long as the expected returns from foreign investments exceed its expected costs, higher … host corruption will be associated with higher foreign ownership. However, costs may exceed or exactly compensate the …
Persistent link: https://www.econbiz.de/10013074899
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Corruption and Cross-Border Investment : New Evidence from New Europe
Pal, Sarmistha - 2016
, ceteris paribus, corruption may yield differential effects on foreign investment in a group of central and eastern European … (CEE) countries depending on the level of business regulations, home-host corruption similarity or EU/OECD membership link … with corruption in the presence of business regulations and home-host corruption similarity, both of which may facilitate …
Persistent link: https://www.econbiz.de/10013007174
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The effects of globalization on the international competitiveness of the Western Balkan countries
Savićević, Marko; Veselinović, Petar; Makojević, Nikola - In: Ekonomske teme 60 (2022) 4, pp. 459-480
The Western Balkan countries, which are in the late transition process, fail to take advantage of the opportunities brought by globalization and the removal of restrictions to the free flow of capital, technology, knowledge, people and information. Despite the entry of a significant stock of...
Persistent link: https://www.econbiz.de/10014281930
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Foreign Investment and Bribery : A Firm-Level Analysis of Corruption in Vietnam
Malesky, Edmund J. - 2013
foreign direct investment (FDI) and corruption. The prevailing literature has produced confused and contradictory results on … this vital relationship due to errors in their measurement of corruption which are correlated with FDI inflows. When a less … biased operationalization is employed, we find clear evidence of corruption during both registration and procurement …
Persistent link: https://www.econbiz.de/10013075338
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Cultural and Political Embeddedness, Foreign Investment and Locality in Transforming Economies : The Case of ABB in Poland and China
Hardy, Jane; Currie, Frank; Ye, Zhen (Peter) - 2008
The article draws on the concepts of cultural and political embeddedness to analyse the local embeddedness of a global transnational engineering firm in transforming economies. It compares the process of the negotiations for and the acquisitions of assets undertaken by ABB in Wroclaw, Poland and...
Persistent link: https://www.econbiz.de/10014047009
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Firm exports, foreign ownership, and the global financial crisis
Eppinger, Peter S.; Smolka, Marcel - 2020
The exceptional export performance of foreign-owned firms is a well-established stylized fact, but the underlying mechanism is not yet fully understood. In this paper, we provide theory and empirical evidence demonstrating that this fact can be explained by ownership differences in access to...
Persistent link: https://www.econbiz.de/10012404685
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Capital Structure of Foreign Affiliates and the Investment Decision : Two Questions to Consider
Merino, Fernando - 2013
This paper analyses the ownership structure of foreign affiliates of Spanish firms. In contrast to previous studies on the participation degree, the paper highlights the importance of the previous decision to invest abroad. To do so, an econometric model with a limited dependent variable helps...
Persistent link: https://www.econbiz.de/10013086738
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Financial development and FDI inflows in China
Khan, Hameed; Khan, Umair - 2019
In this paper, the authors revisit the nexus of financial development and FDI inflows in Chinese perspective, incorporating the vital role of institutional quality and other important variables in this paradigm. Using ARDL bound testing and VECM procedures, they establish causality by exploiting...
Persistent link: https://www.econbiz.de/10012120045
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Background report on private sector development in Latin America, the post-communist countries of Europe and Asia, the Middle East and North Africa /
Woodward, Richard; Kozarzewski, Piotr; Safavi, Mehdi - 2012
After a long period in which state-led development was the dominant economic paradigm, since the 1980s private sector development has been the focus for economic policy makers. It is probably no coincidence that economic growth, stagnant for a few decades in much of the developing world, took...
Persistent link: https://www.econbiz.de/10009427139