Alfaro, Laura; Chanda, Areendam; Kalemli-Ozcan, Sebnem; … - 2021
This paper examines the role financial markets play in the relationship between foreign direct investment (FDI) and … show that well-developed financial markets allow significant gains from FDI, while FDI alone plays an ambiguous role in … for the foreign company or undertake entrepreneurial activities, which are subject to a fixed cost. Better financial …