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We study the impact of exchange rate risk on an exporting firm in a developing country when there is no forward market in the foreign currency. However there exists a forward traded asset in this country the price of which is highly correlated to the foreign currency. By indirectly hedging its...
Persistent link: https://www.econbiz.de/10010398039
We study the impact of exchange rate risk on an exporting firm in a developing country when there is no forward market in the foreign currency. However there exists a forward traded asset in this country the price of which is highly correlated to the foreign currency. By indirectly hedging its...
Persistent link: https://www.econbiz.de/10009681110
This article reviews the impact of intellectual property (IP) protection on foreign direct investment (FDI) by multinational enterprises (MNEs) in developing countries. Applying different panel data techniques to a newly-created comprehensive FDI/IP dataset of 31 Swiss MNEs investing into 53...
Persistent link: https://www.econbiz.de/10013033949
This essay aims to examine the flow of foreign direct investment (FDI) from China to Australia by analysing the … proposed deal is illustrative of China's interest in engaging in outward FDI, as well as the benefit to Australia in welcoming … flow from China to Australia, looking particularly at the FDI policies of the two countries in the context of the Chinalco …
Persistent link: https://www.econbiz.de/10013070704
This paper examines the effects of foreign indirect investment (FII), particularly focusing on exporting activities, on the stock market performances of Chinese firms, using data of 1,341 firms that went public on the Shanghai and Shenzhen Stock Exchanges from 2003 to 2015. We find that the...
Persistent link: https://www.econbiz.de/10012944227
This paper examines the relationship between firm internationalization and cost of equity. We find that firms with a higher degree of international operations have a significantly lower cost of equity, which is more pronounced for firms in provinces with a weak institutional environment or firms...
Persistent link: https://www.econbiz.de/10013269712
firms in different sectors favoured different markets. Generally listing firms tend to originate from eastern China … potential impacts of this new stock market geography inside and outside China are discussed …
Persistent link: https://www.econbiz.de/10013078397
reform in China. A firm-level proxy for financial constraints is derived using cash-flow analysis and subsequently linked to … employed to study whether a reduction in the corporate tax burden via China's 2004 Value-Added Tax (VAT) reform influences … underinvestment in China's private sector …
Persistent link: https://www.econbiz.de/10012967552
Persistent link: https://www.econbiz.de/10003326119
Persistent link: https://www.econbiz.de/10003312874