Showing 1 - 10 of 1,622
political power to expropriate productive assets. In a joint venture, the domestic asset owner bears the risk of expropriation … institutional framework in the host country, the elite influences the risk of expropriation. We determine the equilibrium risk of … expropriation in this framework and the resulting pattern of international production. We also analyze as to how globalization …
Persistent link: https://www.econbiz.de/10011346434
political power to expropriate productive assets. In a joint venture, the domestic asset owner bears the risk of expropriation … institutional framework in the host country, the elite influences the risk of expropriation. We determine the equilibrium risk of … expropriation in this framework and the resulting pattern of international production. We also analyze as to how globalization …
Persistent link: https://www.econbiz.de/10008758888
We develop a model in which multinational investors decide about the modes of organization, the locations of production, and the markets to be served. Foreign investments are driven by market-seeking and cost-reducing motives. We further assume that investors face costs of control that vary...
Persistent link: https://www.econbiz.de/10010366525
resource production makes expropriation more attractive from the perspective of national governments. A low expropriation risk … estimations of a simultaneous equation model for 50 resource-rich countries in which we endogenize expropriation risk, corruption …
Persistent link: https://www.econbiz.de/10010370904
This paper analyzes the effects of a potential spillover on technology transfer of a multinational enterprise and on the host country policy. In particular, we examine how both parties' incentives can be controlled through the ownership structure in an international joint venture. In contrast to...
Persistent link: https://www.econbiz.de/10001904626
Using count data on Indian joint ventures (JVs) and wholly owned subsidiaries (WOS), we present an empirical analysis of FDI-related ownership choices and their relation with host country characteristics and indicators of transaction costs. Our Negative Binomial regression models offer only weak...
Persistent link: https://www.econbiz.de/10009745305
It is often argued that multinationals are reluctant to transfer technology due to the fear of spillovers. We show that this need not be the case if host country policies like taxation are taken into account. Furthermore, we examine the incentives the multinational and the host country have to...
Persistent link: https://www.econbiz.de/10010366560
Foreign investment is often constrained by two forms of political risk: expropriation and corruption. We examine the … face the threat of expropriation. Using a novel dataset on worldwide expropriations of FDI over the 1990-2014 period, we … find a positive relationship between the extent of foreign investor protections and the likelihood of expropriation when a …
Persistent link: https://www.econbiz.de/10011446183
-growing populations. However, institutional failures and the risk of expropriation substantially reduce developing economies …, using a political-economy model in which population growth potentially affects the risk of expropriation. We first explore … how redistributive expropriation affects the welfare of different age groups and derive the government's incentive to …
Persistent link: https://www.econbiz.de/10003882307
In recent years, demutualized stock exchanges have been increasingly engaging in M&A and alliance activities. To examine the effect of these growth strategies on exchange shareholders' value creation, we focus on 14 public stock exchanges and investigate their short-run share price responses to...
Persistent link: https://www.econbiz.de/10003973480