Loading...
Please wait, while we are loading the content...
Similar Documents
Foreign direct investment vs. foreign portfolio investment
Content Provider | Library of Congress - Books/Printed Material |
---|---|
Author | Goldstein, Itay. Razin, Assaf |
Temporal Coverage | 2005 |
Copyright Year | 2005 |
Abstract | "The paper develops a model of foreign direct investments (FDI) and foreign portfolio investments (FPI). FDI is characterized by hands-on management style which enables the owner to obtain relatively refined information about the productivity of the firm. This superiority, relative to FPI, comes with a cost: a firm owned by the relatively well-informed FDI investor has a low resale price because of a "lemons" type asymmetric information between the owner and potential buyers. The model can explain several stylized facts regarding foreign equity flows, such as the larger ratio of FDI to FPI inflows in developing countries relative to developed countries, and the smaller volatility of FDI net inflows relative to FPI net inflows"--National Bureau of Economic Research web site. |
Language | English |
Publisher | National Bureau of Economic Research |
Publisher Place | Cambridge, MA |
Part of Series | Catalog |
Requires | HTML5 supported browser |
Access Restriction | Open |
Subject Keyword | Foreign Investments Mathematical Models Portfolio Management |
Subject Domain (in LCSH) | Investments, Foreign--Mathematical models |
Subject Domain (in LCSH) | Portfolio management--Mathematical models |
Subject Domain (in LCC) | HB1 |
Alternative Title | Foreign direct investment versus foreign portfolio investment |
Content Type | Text |
Resource Type | Book |