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environment in China on the location choice and firm performance of Chinese OFDI, and discusses the roles played by international … experience and the foreign capital usage. The results show that regional formal institutional environment of China significantly …’ international experience play positive and significant moderation roles in the institutional effect on China's OFDI, but such …
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quantification of the gains from optimal ownership within multinational firms, by exploiting a major liberalization of China's policy …
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I study the capital structure of non-financial firms that own a financial subsidiary. In a panel of U.S. non-financial firms over 1984-2007 I find that a significant part of the overall Compustat non-financial universe maintains a financial subsidiary. Such non-financial firms have higher...
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