Li, Junjiang; Hou, Lei; Zhang, Jiarui - In: Frontiers of Economics in China 6 (2011) 1, pp. 55-75
To examine the impact of capital endowment and credit constraint on firms¡¯ FDI decisions, we build a model of investment portfolio based on heterogeneous firms setup. We find that financial factors matter for firms¡¯ internationalization. More capital endowment or less credit constraint...