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for Argentina in the period 1875-2006. There are two conclusions: a) the welfare cost of Argentine risk has been huge: for …
Persistent link: https://www.econbiz.de/10010323317
Sovereign risk is defined as a country?s ability-to-pay and willingness-to-pay its debt. This paper examines how cabinet reshuffles affecting the ministry of finance or economics are perceived by sovereign bond holders in twelve Latin American countries from 1992 to 2005. We find that such...
Persistent link: https://www.econbiz.de/10010296045
Existing research on entry mode determinants is firmly grounded in the transaction cost and resource-based literature while location-and institution-specific characteristics lack attention. The primary goal of this article is to address the determinants of entry mode by Japanese manufacturing...
Persistent link: https://www.econbiz.de/10010302283
Die Lage der deutschen Wirtschaft scheint besser als sie tatsächlich ist. Der Umfang der Investitionen bleibt hinter den Werten früherer Aufschwungphasen zurück. Abzüglich Abschreibungen sind nur 3,3 % Nettoinvestitionen in Relation zum BIP (2006) zu verzeichnen. In den 1990er Jahren betrug...
Persistent link: https://www.econbiz.de/10010378138
regions: Argentina, Venezuela, Indonesia, the Philippines, Kenya and Zambia. We conclude that neopatrimonialism is a valuable …
Persistent link: https://www.econbiz.de/10010286034
Is there a pecking order of cross-border investment in that countries become financially integrated primarily through some types of investment rather than others? Using a novel database of bilateral capital stocks for all types of investment – FDI, portfolio equity securities, debt securities...
Persistent link: https://www.econbiz.de/10011604636
, a deterrent for foreign investors, this does not exclude the possibility that a high incidence of (certain) crimes may …
Persistent link: https://www.econbiz.de/10010264452
The focus of this article is the empirical identification of factors influencing Foreign Direct Investment (FDI) in …-industry linkages such as specialization and agglomeration economies are relevant factors for the location decision of foreign investors …
Persistent link: https://www.econbiz.de/10010286026
While quantifying the foreign ownership premium has received a lot of attention in the empirical literature, there is … only little known about productivity variations between foreign affiliates of multinational firms. In order to enhance the …-determine the foreign-owned affiliates' performances in a significant way. Moreover, the intensity of the impact depends on the …
Persistent link: https://www.econbiz.de/10010286446
We establish the existence of strong media slant against foreign owners. Using a unique data set from nation …-wide distributed quality newspapers in Germany, we find that a foreign firm that downsizes in Germany receives almost twice as much … negative way about downsizing foreign than domestic firms. The slant is present in all quality newspapers, but it increases …
Persistent link: https://www.econbiz.de/10010289889