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Quantitative Implications of the Home Bias: Foreign Underinvestment, Domestic Oversaving and Corrective Taxation.
Razin, A.; Sadka, E.; Yuen, C.W. - Foerder Institute for Economic Research, Eitan Berglas … - 1997
In this paper, we have emphasized information problems which lead to home bias and insufficient amounts of capital …
Persistent link: https://www.econbiz.de/10005647204
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A Pecking Order of Capital Inflows and International Tax Principles.
Razin, A; Sadka, E; Yuen, C-W - Eitan Berglas School of Economics, Tel Aviv University - 1997
Even though financial markets today show a high degree of integration, the world capital market is still far from the textbook story of high capital mobility. The purpose of this paper is to highlight key source of market failure in the contest of international capital flows and to provide...
Persistent link: https://www.econbiz.de/10005672117
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A Pecking Order Theory of Capital Inflows and International Tax Principles
Razin, Assaf - 2006
Even though financial markets today show a high degree of integration, the world capital market is still far from the textbook story of high capital mobility. The purpose of this paper is to highlight key sources of market failure in the context of international capital flows and to provide...
Persistent link: https://www.econbiz.de/10012782071
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Capital Flows with Debt- and Equity-Financed Investment : Equilibrium Structure and Efficiency Implications
Razin, Assaf - 2006
This paper distinguishes between debt and equity flows in the presence of information asymmetry between the firm`s quot …
Persistent link: https://www.econbiz.de/10012782111
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Channelling Domestic Savings into Productive Investment Under Asymmetric Information: The Essential Role of Foreign Direct Investment
Razin, Assaf; Sadka, Efraim; Yuen, Chi-Wa - C.E.P.R. Discussion Papers - 1998
productive investment, in the presence of asymmetric information between the managing owners of firms and other portfolio … such information problems. The paper identifies how, in the presence of information asymmetry, different capital market …
Persistent link: https://www.econbiz.de/10005124387
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Do Debit Flows Crowd out Equity Flows or the other way Round?
Razin, Assaf; Sadka, Efraim; Yuen, Chi-Wa - Universidad del CEMA - 1998
In the presence of asymmetric information, the stage at which financing decisions are made about investment projects in … channeling savings into investment. This paper compares the implications of two extreme cases regarding the information possessed …
Persistent link: https://www.econbiz.de/10005668592
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A Pecking Order Theory of Capital Inflows and International Tax Principles
Razin, Assaf; Sadka, Efraim; Yuen, Chi-Wa - C.E.P.R. Discussion Papers - 1996
Even though financial markets today show a high degree of integration, the world capital market is still far from the textbook story of high capital mobility. The failure to have a tax scheme in which the rate of returns across countries are equated can result in inefficient capital flows across...
Persistent link: https://www.econbiz.de/10005791530
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Foreign Direct Investment, Intra-firm Trade and Ownership Structure.
Konrad, K.A.; Lommerud, K.E. - Institutt for Økonomi, Universitetet i Bergen - 2001
Asymmetric information about true opportunity cost in trade between a multinational and its foreign affiliate can … it increase the parent multinational's information rent that is protected from a host government's confiscatory taxation. …
Persistent link: https://www.econbiz.de/10005675286
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EAST-WEST TECHNOLOGY TRANFER UNDER BILATERAL ASYMMETRIC INFORMATION.
CHAN, R.; HOY, M. - 1989
Persistent link: https://www.econbiz.de/10005639481
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EAST-WEST TECHNOLOGY TRANFER UNDER BILATERAL ASYMMETRIC INFORMATION.
CHAN, R.; HOY, M. - Department of Economics and Finance, College of … - 1989
Persistent link: https://www.econbiz.de/10005729384