Stevens, Guy V.G.; Lipsey, Robert E. - Federal Reserve Board (Board of Governors of the … - 1988
This paper studies both the domestic and foreign fixed investment expenditures of a sample of U. S. multinational firms …. In addition to explaining empirically each type of investment, an important goal is to determine whether there are … capital as a function of its debt/equity ratio. Domestic and foreign investment will be interdependent, since, in competing …