Showing 1 - 10 of 11
Persistent link: https://www.econbiz.de/10002440964
This paper examines the relation between financial, corporate and legal systems, and economic performance in different countries. It reviews international comparisons that undertake detailed analyses of individual, developed countries and studies that use large, cross-country data banks,...
Persistent link: https://www.econbiz.de/10010661381
This paper examines how foreign ownership affects the investment decisions of subsidiary firms using a new dataset of … listed-parent - listed-subsidiary pairs.  We find that improvements in the investment opportunities of parent firms have a … negative effect on the investment of their subsidiaries, after controlling for the investment opportunities of the subsidiary …
Persistent link: https://www.econbiz.de/10011004467
there is a relation in terms of both industry growth rates and shares of output devoted to R&D. Investment in R&D rather …
Persistent link: https://www.econbiz.de/10011133059
This paper uses a new data-set to examine how internal capital markets and foreign ownership affect investment. Our … data allow us to compare investment behaviour of listed subsidiaries with stand-alone firms while controlling for … investment opportunities of parent and subsidiary firms. We evaluate how the size of ownership and the geographical proximity of …
Persistent link: https://www.econbiz.de/10010884649
This paper uses a new data-set to examine how internal capital markets and foreign ownership affect investment. Our … data allow us to compare investment behaviour of listed subsidiaries with stand-alone firms while controlling for … investment opportunities of parent and subsidiary firms. We evaluate how the size of ownership and the geographical proximity of …
Persistent link: https://www.econbiz.de/10005124253
there is a relation in terms of both industry growth rates and shares of output devoted to R&D. Investment in R&D rather …
Persistent link: https://www.econbiz.de/10005114188
Public ownership is viewed as a restriction on the portfolio of equities held by investors. Three conditions are required to justify such restrictions. First, monitoring and coordination create concentration in supply or demand. Second, complete contracts must be infeasible or undesirable....
Persistent link: https://www.econbiz.de/10005656213
This paper compares corporate financing in the German bank-based and UK market-based systems. Large German firms pay out a lower proportion of their profits as dividends and finance a larger proportion of their investments from retentions. German banks extend more long-term finance to...
Persistent link: https://www.econbiz.de/10005662045
This paper examines how foreign ownership affects the investment decisions of subsidiary firms using a new dataset of … listed-parent − listed-subsidiary pairs. We find that improvements in the investment opportunities of parent firms have a … negative effect on the investment of their subsidiaries, after controlling for the investment opportunities of the subsidiary …
Persistent link: https://www.econbiz.de/10005730014