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The Impact of Government Borrowing on Corporate Acquisitions : International Evidence
Alimov, Azizjon - 2022
This paper examines how variation in the supply of government debt affects corporate acquisition activity. Using data from 50 countries from 1991 to 2017, the paper finds that government debt issuance is strongly negatively associated with acquisition activity at the firm and aggregate levels....
Persistent link: https://www.econbiz.de/10013308162
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A touch of sophistication : FDI and unit values of exports
Harding, Torfinn; Javorcik, Beata K. Smarzynska - 2009
The debate on trade and growth increasingly focuses on the composition of exports. Exports of more "sophisticated" products appear to be positively correlated with growth, and upgrading the quality of exports is high on the policy agenda of many countries. This study presents evidence suggesting...
Persistent link: https://www.econbiz.de/10003922581
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Investment treaties and shareholder claims for reflective loss : insights from advanced systems of corporate law
Gaukrodger, David - 2014
Corporate law in advanced domestic legal systems on the one hand, and typical treaties for the protection of foreign investment on the other hand, treat claims for damages by company shareholders differently. Advanced domestic systems generally bar shareholders from claiming for reflective loss...
Persistent link: https://www.econbiz.de/10010463416
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Corporate Governance and Foreign Direct Investment
Alba, Joseph D. - 2014
Merger and acquisition (M&A) activity is motivated by increasing shareholder value through improved corporate governance. Therefore, stronger corporate governance can reduce the returns from M&A activity, including M&A foreign direct investment (FDI). This, in turn, can reduce the returns from...
Persistent link: https://www.econbiz.de/10013069660
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Is Economic Nationalism in Corporate Governance Always a Threat?
Gelter, Martin - 2022
During the past decades, corporate law and corporate governance debates have generally been skeptical of elements of economic ‘Nationalism’ or ‘protectionism.’ Arguably, globalization and convergence in corporate governance have resulted in a reduction of protectionist policies. However,...
Persistent link: https://www.econbiz.de/10013300950
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The Sustainability of RMG as a Globally Competitive Industry : Porter Diamond Perspective
Rahman, Nausheen - 2008
face severe competition in the unprotected world market. The challenges in front of these RMG industries are to remain …
Persistent link: https://www.econbiz.de/10012771556
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The Dark Side of Globalization : Evidence from the Impact of COVID-19 on Multinational Companies
Guedhami, Omrane; Knill, April M.; Megginson, William L.; … - 2021
The COVID-19 pandemic has led to economic and health crises (“twin crises”) worldwide. Using a sample of firms from 74 countries over the period January to August 2020, we examine stock price reactions of multinational corporations (MNCs) and purely domestic companies (DCs) to the crisis. We...
Persistent link: https://www.econbiz.de/10013222093
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The Seven Mechanisms for Achieving Sovereign Debt Sustainability
Hileman, Garrick - 2016
This paper surveys the sovereign debt literature and summarizes the political economy trade-offs of seven distinct mechanisms for achieving debt sustainability. Two mechanisms – financial aid and asset exchange – are often underemphasized or entirely overlooked even though they can play an...
Persistent link: https://www.econbiz.de/10012996772
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Overlooked Sovereign Credit Events and Non-Pecuniary Defaults : British Debt Sustainability in the Post-Second World War Period
Hileman, Garrick - 2017
This paper examines UK sovereign debt sustainability following the Second World War. Even though the UK in 1946 … default following the Second World War. New archival evidence shows that Britain in fact defaulted multiple times following … the Second World War by failing to fulfil several non-pecuniary terms of the Anglo-American Financial Agreement. Several …
Persistent link: https://www.econbiz.de/10012968878
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Fiscal rules and optimal currency composition of sovereign debt in emerging economies
Valencia, Oscar M.; Rodriguez, Luis Alberto; Siachoque, … - 2023
Total public debt in most emerging markets grew before and after the pandemic with a sizable share in foreign currency. Along this trend, interest payments increased even in the presence of active fiscal rules in some countries. How should debt management of public debt be set under a fiscal...
Persistent link: https://www.econbiz.de/10014471269