positive impact on its capital inflows, namely portfolio and foreign direct investment (FDI). The purpose of our study is to … explicitly quantify information asymmetries by compliance with the IMF's Special Data Dissemination Standard (SDDS). For FDI, we … determinants of portfolio and FDI flows and use a non-parametric test for spatial correlation in the residuals of capital flows. …

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 …