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Keller and Levinson (2002) utilize state-level panel data on inflows of foreign direct investment along with an innovative measure of relative pollution abatement costs to assess the impact of environmental stringency on capital flows. Using standard parametric panel data models, the authors...
Persistent link: https://www.econbiz.de/10014052388
foreign direct investment (FDI) in the United States between 1977 and 1996. Specifically, it analyzes the level of foreign … other states. General investment incentives do not seem to have had an effect on the location of FDI, but policies targeting …
Persistent link: https://www.econbiz.de/10014029882
overall corporate governance may have a negative effect on M&A activity. Since M&A foreign direct investment (FDI) is a cross …-border variant of M&A, stronger corporate governance may also reduce M&A FDI. Hence, we use firm-level evidence from Japanese FDI … into the United States to investigate the effect of US corporate governance on Japanese M&A FDI. Our results indicate that …
Persistent link: https://www.econbiz.de/10010507255
There are four major modes through which firms undertake foreign direct investment (FDI): merger and acquisition (M …&A), joint venture, new plant, and others. The four modes of FDI are distinct from each other, and each has its own unique … advantages and disadvantages. While a large and growing empirical literature examines the determinants of FDI, very few studies …
Persistent link: https://www.econbiz.de/10010507293
investment (FDI). This, in turn, can reduce the returns from non-M&A FDI in light of the complementary relationship between M …&A and non-M&A FDI. We use firm-level evidence to empirically examine the effect of corporate governance in the United States … (US) on Japanese M&A and non-M&A FDI inflows. In doing so, we expand upon Alba, Park, and Wang (2009), which looked only …
Persistent link: https://www.econbiz.de/10010507297
inward FDI stocks. For a panel of five advanced economies from 1980 to 2006 it is shown that price competitiveness, stable …-Saxon legislation also play a role. Financial competitiveness in turn encourages FDI inflows whereas it benefits fixed investment …
Persistent link: https://www.econbiz.de/10003794120
foreign direct investment (FDI). Two competing specifications of exchange rate volatility are examined. The investigation is … based on a cross-section time-series data set of U.S. outward FDI by industries to six major partner countries for the … uncertainty has a discouraging effect on FDI flows across all industries. This is contrasted when applying an alternative risk …
Persistent link: https://www.econbiz.de/10003796283
investments (FDI) in the US. In contrast to earlier work, this paper puts special emphasis on controlling for Marshallian … externalities may, if not accounted for appropriately, be falsely attributed to FDI. This paper also deals with the potential … endogeneity of FDI and the presence of spatial lags by employing a system generalized method of moments (GMM) estimator. We use a …
Persistent link: https://www.econbiz.de/10003864488
The People's Republic of China (PRC) has received enormous inflows of foreign direct investment (FDI) in recent years … perspectives on their relative importance for the three countries involved. We also analyze the industrial composition of FDI flows … over time. US FDI flows to the PRC have been less concentrated in manufacturing than average for investors in the PRC while …
Persistent link: https://www.econbiz.de/10003901563
There are four major modes through which firms undertake foreign direct investment (FDI): merger and acquisition (M …&A), joint venture, new plant, and others. The four modes of FDI are distinct from each other, and each has its own unique … advantages and disadvantages. While a large and growing empirical literature examines the determinants of FDI, very few studies …
Persistent link: https://www.econbiz.de/10003984701