Arbeitspapier
Investment Behaviour of Financially Constrained Multinational Corporations: Consequences for the International Transmission of Business Cycle Fluctuations
The paper investigates the investment decision of a financially constrained multinational corporation (MNC) planning investment projects both at home and in a developing country. The collateral values of the projects diverge because of country specific transactions costs so that the willingness of banks to grant a loan depends not only on the MNCs financial wealth but also on the share of FDI in total investment. It is shown that i) variations in the MNCs financial standing affects FDI stronger than domestic investment, ii) FDI is likely to decrease following a macroeconomic shock to the MNC parent, and iii) domestic investment is likely to increase following a macroeconomic shock to the MNC affiliate.
- Sprache
-
Englisch
- Erschienen in
-
Series: IWH Discussion Papers ; No. 165/2002
- Klassifikation
-
Wirtschaft
- Thema
-
Direktinvestition
Multinationales Unternehmen
Investitionsentscheidung
Liquiditätsbeschränkung
Konjunkturzusammenhang
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Dietrich, Diemo
- Ereignis
-
Veröffentlichung
- (wer)
-
Leibniz-Institut für Wirtschaftsforschung Halle (IWH)
- (wo)
-
Halle (Saale)
- (wann)
-
2002
- Handle
- URN
-
urn:nbn:de:gbv:3:2-20192
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Dietrich, Diemo
- Leibniz-Institut für Wirtschaftsforschung Halle (IWH)
Entstanden
- 2002
Ähnliche Objekte (12)
Business Strategies of the Multinational Corporations
Profit Shifting of Multinational Corporations Worldwide
Profit shifting of multinational corporations worldwide
Some effects of the multinational corporations
Foreign direct investment behavior of multinational corporations
Policies for multinational corporations
Coordination of service offshoring subsidiaries in multinational corporations
The impact of tax complexity on multinational corporations
Multinational Corporations and Transaction Costs
Critical remarks on multinational corporations
The Tax-Efficient Use of Debt in Multinational Corporations
R&D in Swedish Multinational Corporations
Business Strategies of the Multinational Corporations
Profit Shifting of Multinational Corporations Worldwide
Profit shifting of multinational corporations worldwide
Some effects of the multinational corporations
Foreign direct investment behavior of multinational corporations
Policies for multinational corporations
Coordination of service offshoring subsidiaries in multinational corporations
The impact of tax complexity on multinational corporations
Multinational Corporations and Transaction Costs
Critical remarks on multinational corporations
The Tax-Efficient Use of Debt in Multinational Corporations
R&D in Swedish Multinational Corporations
Business Strategies of the Multinational Corporations
Profit Shifting of Multinational Corporations Worldwide
Profit shifting of multinational corporations worldwide
Some effects of the multinational corporations
Foreign direct investment behavior of multinational corporations
Policies for multinational corporations
Coordination of service offshoring subsidiaries in multinational corporations
The impact of tax complexity on multinational corporations
Multinational Corporations and Transaction Costs
Critical remarks on multinational corporations
The Tax-Efficient Use of Debt in Multinational Corporations