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The effect of exchange rate risk on US foreign direct investment : an empirical analysis

Schmidt, Christian W. (contributor); Broll, Udo (contributor) - 2008

foreign direct investment (FDI). Two competing specifications of exchange rate volatility are examined. The investigation is … based on a cross-section time-series data set of U.S. outward FDI by industries to six major partner countries for the … uncertainty has a discouraging effect on FDI flows across all industries. This is contrasted when applying an alternative risk …

Persistent link: https://www.econbiz.de/10003796283

Mitigation of foreign Direct investment risk and hedging

Wahl, Jack E.; Broll, Udo - 2009

(FDI) decision. Our study assesses country risk by state-dependent preferences and introduces futures contracts as a tool … derivatives market. This may explain the empirical result, why host country risk is not a significant determinant of FDI (Bevan …

Persistent link: https://www.econbiz.de/10003941158

German Foreign Direct Investment and Wages

Lochner, Stefan; Broll, Udo - 2007

investment (FDI). While there are many reasons for firms to go multinational and probably just as many for Germany's high … a theoretical model for an econometric analysis examining the determinants of FDI using panel data of German firms … not significantly influence total FDI by German firms, they positively affect the FDI stock in countries where cheap …

Persistent link: https://www.econbiz.de/10010296822

The effect of exchange rate risk on US foreign direct investment: an empirical analysis

Schmidt, Christian W.; Broll, Udo - 2008

Persistent link: https://www.econbiz.de/10010300604

Mitigation of foreign Direct investment risk and hedging

Wahl, Jack E.; Broll, Udo - 2009

Persistent link: https://www.econbiz.de/10010301354

Domestic labor, foreign capital and national welfare

Broll, Udo; Hansen, Sabine; Marjit, Sugata - 2004

The competitive allocation of labor across different sectors of an economy may not be socially optimal when one sector uses foreign capital. We argue that a suitably designed government intervention is required to restrict the sectors to their optimal size and maximize national welfare. Such a...

Persistent link: https://www.econbiz.de/10010296787

Dynamic Hedging of Real Wealth Risk

Schubert, Stefan; Broll, Udo - 2005

International and national investors are often exposed to real wealth risks, stemming from volatile asset prices and inflation uncertainty, making it difficult to stabilize consumption patterns. However, investors can enter futures markets to hedge against these risks. The paper develops a...

Persistent link: https://www.econbiz.de/10010296789

Optimale Fakturierung im Außenhandel

Fuchs, Frank; Broll, Udo; Wahl, Jack E. - 2006

Bei Unsicherheit über die zukünftige Entwicklung des Wechselkurses sind international tätige Unternehmen nicht indifferent in Bezug auf die Wahl der Währung ihrer Preissetzung. Denn die bei der Fakturierung festgelegte Währung kann die Ertragssituation des Unternehmens erheblich...

Persistent link: https://www.econbiz.de/10010296802

Differential Taxation and Corporate Futures-Hedging

Wahl, Jack E.; Broll, Udo - 2007

Using a two-moment decision model this paper analyzes corporate hedging behavior in the presence of unified and differential income taxation. We start with the well-known result that risk-taking may increase when income tax rates increase and, therefore, the incentive for hedging reduces. We...

Persistent link: https://www.econbiz.de/10010296818

Transparency in the foreign exchange market and the volume of international trade

Broll, Udo; Eckwert, Bernhard - 2003

In this paper we study the impact of more transparency in the foreign exchange market on the ex ante expected volume of international trade. Transparency is measured by the informational content of publicly observed signals correlated to the random exchange rate. We find that more transparency...

Persistent link: https://www.econbiz.de/10010300626