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This essay examines an old question - why it is often so difficult for transplanted legal norms and institutions to take - with the hope of shedding a bit of new light on it through a specific focus on institutions for corporate governance in China. Foreign norms and institutions are borrowed...
Persistent link: https://www.econbiz.de/10012733310
In this paper we analyze the conditions under which a foreign direct investment (FDI) involves a net capital flow across countries. Frequently, foreign direct investment is financed in the host country without an international capital movement. We develop a model in which the optimal choice of...
Persistent link: https://www.econbiz.de/10010373495
In this paper we analyze the conditions under which a foreign direct investment (FDI) involves a net capital flow across countries. Frequently, foreign direct investment is financed in the host country without an international capital movement. We develop a model in which the optimal choice of...
Persistent link: https://www.econbiz.de/10003368138
While intra-firm trade accounts for at least one third of world exports, we know very little about the institutions … which are employed to resolve intra-firm trade conflicts. According to Oliver Williamson, courts are not accessible and … conflicts resulting from intra-firm trade are resolved by directives based on the authority of ownership instead (law of …
Persistent link: https://www.econbiz.de/10013007880
Using firm level panel data for the years 1996-2001, covering all sectors of the economy, the impact of multinational … domestic economy. Controlling for various firm- and industry-specific factors, it is found that while foreign multinationals …
Persistent link: https://www.econbiz.de/10012732542
Using firm level panel data for the years 1996-2001, covering all sectors of the economy, the impact of multinational … domestic economy. Controlling for various firm- and industry-specific factors, it is found that while foreign multinationals …
Persistent link: https://www.econbiz.de/10012776388
effect realized upon foreign entry into the industry. Using 1994-2001 firm-level panel data for the Czech Republic my results …
Persistent link: https://www.econbiz.de/10014059247
realized upon foreign entry into the industry. Using 1994-2001 firm-level panel data for the Czech Republic my results show …
Persistent link: https://www.econbiz.de/10013133314
This paper aims at providing a comprehensive overview of existing literature on the topic of comparability adjustments. Based on existing literature the most commonly used adjustments can be categorized in two broad categories: “accounting and financial risks adjustments” and...
Persistent link: https://www.econbiz.de/10011922837
Persistent link: https://www.econbiz.de/10013055419