This paper examines the relationship between foreign and domestic investment activity of multinational enterprises. The empirical analysis is based on micro data of German firms and their operations at home and abroad, including information on investment in fixed assets. The empirical approach,...

We use a panel data set of European firms to analyse the effects of domestic and international M&As on target firms' investment, growth and financial constraints. Combining propensity score matching with a difference-in-differences estimator, our results indicate that upon acquisition, target...

Preface -- The effects of personal financial knowledge on financial behavior / Selda Coskuner, Arzu Sener, Hacettepe University, Ankara, Turkey -- Lost in translation? / Ron P. Mciver, Damien Wallace and Vikash Ramiah, School Of Commerce, University Of South Australia -- The challenges and...

We examine the neoclassical investment model using a panel of U.S. manufacturing firms. The standard model with no financing constraints cannot be rejected for firms with high (pre-sample) dividend payouts. However, it is decisively rejected for firms with low (pre-sample) payouts (firms we...