The purpose of this article is twofold. Firstly, by applying the event study methodology, it provides detailed and updated evidence on the value generating effect of different modes of foreign direct investment (FDI) entry. Secondly, this is the first paper to empirically evaluate the impact of...

type="main" xml:id="jtsa12080-abs-0001" <title type="main">SUMMARY</title>Indirect estimators usually emerge from two-step optimization procedures. Each step in such a procedure may induce complexities in the asymptotic theory of the estimator. In this note, we are occupied with a simple example in which the estimator...