We argue that mainstream FDI theory underplays financial motivations for interna-tional investment, and suggest several … possible channels for a distinct cost-of-capital effect on FDI. Using a sample of European firms’ cross-border acquisitions …, and controlling for traditional firm-level determinants of FDI, we find strong evidence in favor of a cost …

-financial firms' international acquisitions. Controlling for traditional firm- and target-country-specific FDI determinants within an …-border investment. We conclude that without explicit consideration of the financial dimension, firms' FDI decisions cannot be properly …

-financial firms’ international acquisitions. Controlling for traditional firm- and target-country-specific FDI determinants within an …-border investment. We conclude that without explicit consideration of the financial dimension, firms’ FDI decisions cannot be properly … understood. -- FDI ; OLI ; cross-border acquisitions ; cost of capital ; financial strategy ; financial variables …

-financial firms’ international acquisitions. Controlling for traditional firm- and target-country-specific FDI determinants within an …-border investment. We conclude that without explicit consideration of the financial dimension, firms’ FDI decisions cannot be properly …

In this paper we analyze the conditions under which a foreign direct investment (FDI) involves a net capital flow … find that the financing choice is driven by managerial incentive problems and that FDI involves an international capital …