results indicate that upon acquisition, target firms obtain better access to external finance, are characterized by higher …We use a panel data set of European firms to analyse the effects of domestic and international M&As on target firms … crisis, relatively small target firms, and domestic rather than foreign acquisitions. …

-border expansion of firms. But firms may also need external finance to shoulder the costs of entering foreign markets. We develop a … model of multinational firms facing real and financial barriers to foreign direct investment (FDI), and we analyze their …Recent literature on multinational firms has stressed the importance of low productivity as a barrier to the cross …

have better export performance than private domestic firms, and that this advantage is systematically greater in sectors at … higher levels of financial vulnerability measured in a variety of ways. These patterns are manifest in firms' export sales …, export product scope and number of export destinations. They are also more pronounced when firms face higher trade costs …

ventures have better export performance than private domestic firms in financially more vulnerable sectors. These results are … FDI. Our findings are consistent with multinational subsidiaries being less liquidity constrained because they can tap … additional funding from their parent company and/or access foreign capital markets. More broadly, they suggest that FDI can …