Showing 1 - 10 of 41,569
This paper investigates the role of global economic uncertainty in Dunning’s investment development path (IDP … countries’ net outward investment (NOI) follows a non-linear pattern even after incorporating global economic uncertainty into … the analysis. At the same time, global economic uncertainty has non-linear effects on NOI subject to the level of economic …
Persistent link: https://www.econbiz.de/10013290911
This paper investigates the effect of uncertainty on FDI flows into the Mexican manufacturing sector during the period … affect all manufacturing subsectors in general) uncertainty measures as explicative variables. We also perform some … simulations to quantify the effect of uncertainty on FDI flows. The main results show that uncertainty discourages FDI flows into …
Persistent link: https://www.econbiz.de/10011795401
The study explores the influence of environmental risk (macroeconomic uncertainty and environmental sustainability risk … outcomes show that higher level of uncertainty in GDP growth, inflation uncertainty and financial development volatility induce … more FDI inflows whilst uncertainty in exchange rate adversely impacts FDI inflows in SSA. The paper highlights how …
Persistent link: https://www.econbiz.de/10014503043
Although most empirical studies conclude that uncertainty delays firms' investments based on real options theory …, empirical evidence regarding the impact of uncertainty on innovation is mixed. This study examines the impact of geopolitical … firm characteristics, macroeconomic environment, other uncertainty measures, time, and alternative GPR and R&D measures, as …
Persistent link: https://www.econbiz.de/10012897976
This paper analyzes the impact of countries' tax attractiveness on the allocation of risk within multinational groups. Our dataset contains subsidiaries located in 32 European countries and owned by parents from 90 different countries globally. We show that tax symmetry positively influences the...
Persistent link: https://www.econbiz.de/10010511365
Can a temporary negative shock generate long-lasting effects on economic activities? To show causal evidence, we utilize data from Japanese multinational corporations (MNCs) and explore the economic impact of the unexpected escalation of an island dispute between China and Japan in 2012. Our...
Persistent link: https://www.econbiz.de/10011554377
This paper analyzes the firm's choice between serving a foreign market through exports or foreign affiliate sales in an environment characterized by country speci c shocks to the cost of production. Our model predicts that country pairs with less correlated output fluctuations trade more,...
Persistent link: https://www.econbiz.de/10013133331
This paper examines how nominal uncertainty affects the choice firms face to serve a foreign market through exports or … exports and multinational production are priced in the destination currency, and this uncertainty has no effect on the …
Persistent link: https://www.econbiz.de/10013117585
Measuring the impact of political risk on investment projects is one of the most vexing issues in international business. One popular approach is to assume that the sovereign yield spread captures political risk and to augment the project discount rate by this spread. We show that this approach...
Persistent link: https://www.econbiz.de/10013015661
This paper studies the impact of uncertainty on cross-border investments. We build a data set of firm-level outward … Foreign Direct Investments between 2000 and 2015. We create a time and country varying measure of uncertainty based on the … dispersion of idiosyncratic investment returns. An increase in uncertainty delays cross-border flows to the affected country. Yet …
Persistent link: https://www.econbiz.de/10012835485