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different types of international investment flows. A society's cultural orientation toward egalitarianism is manifested by … influence of egalitarianism distance on cross-national investment flows of bond and equity issuances, syndicated loans, and … its effect on international investment via an associated set of consistent contemporary policy choices. But even after …
Persistent link: https://www.econbiz.de/10013131551
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' investment, growth and financial constraints. Combining propensity score matching with a difference-in-differences estimator, our …
Persistent link: https://www.econbiz.de/10011671647
This paper studies the direct effect of foreign investment on target firm operating performance and growth. Foreign … investment into foreign direct investment and foreign institutional investment reveals that the results are attributable to … institutional investment. The effect is attenuated under weak corporate governance conditions, with foreign investment in business …
Persistent link: https://www.econbiz.de/10013096648
and payroll expenses in 761 European technology companies from the year of initial venture capital investment up to seven …
Persistent link: https://www.econbiz.de/10013008741
type and firm-level capital allocations as captured by the sensitivity of investment expenditure to investment … weakens (strengthens) investment-Q sensitivity, thereby increasing investment inefficiency (efficiency). Moreover, we find … that the relation between foreign ownership and investment efficiency is stronger when governments relinquish control and …
Persistent link: https://www.econbiz.de/10013043365
We study how foreign competition affects the composition of investments inside firms. A parsimonious model predicts that firms have an incentive to shift their investments towards more short-term assets when exposed to tougher competition. Using data on expenditures of listed US companies into...
Persistent link: https://www.econbiz.de/10011547850
The purpose of this work is to verify the existence of financial constraints for investment in Brazil, an emerging … market with growing international visibility. Using panel data methodology and GMM, we estimate dynamic investment models …-2006. Our findings show that Brazilian firms face financial constraints since their investment depend on internally generated …
Persistent link: https://www.econbiz.de/10013064330
Suboptimal investment either in terms of overinvestment or underinvestment is a value-destroying activity. This study … examines the role of foreign institutional ownership, on Investment decisions and speed of adjustment to target investment … ownership, through the mechanism of agency costs reduction, is conducive to implementing the target investment level as well as …
Persistent link: https://www.econbiz.de/10013404044
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