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Foreign ownership and capital structure dynamics

Finance Research Letters, 2020
Abstract This study explores the relationship between foreign investors and the dynamics of capital structure. Using a sample of listed firms in Taiwan during the period from 1997 to 2016, our results reveal that firms with higher foreign ownership are less likely to issue debt, indicating that foreign investors serve as a direct substitute for debt ...
Trung K
exaly   +2 more sources

Emigration and welfare in an economy with foreign capital

Journal of Development Economics, 1998
Abstract This paper examines the effects of emigration on welfare of the remaining residents (R) in an economy producing traded (T) and non-traded (N) goods with the aid of foreign and domestic capital. While the existing literature has established that emigration reduces the welfare of those left behind when foreign capital is not present in the ...
Slobodan Djajic
exaly   +3 more sources

Foreign Capital, Savings and Dependence

The Review of Economics and Statistics, 1976
THE recent focus of radical economists such as Thomas Weisskopf (1972) and Keith Griffin (1970) on the possible reduction in domestic savings caused by aid inflow has raised an important issue: How much does this matter?' A characteristic answer by orthodox economists would be that increased current consumption is also welfare-improving.
Grinols, Earl, Bhagwati, Jagdish N
openaire   +1 more source

Debt and Foreign Capital

Latin American Perspectives, 1993
Rivers of ink have flowed in Latin America since 1982 in an attempt to explain the swift historical change that made the 1980s a decade of debt crisis. Much of this attention has been focused on the internal logic of the process that was set in motion when Mexico announced that it could not continue to service its debt in "normal" terms and that has ...
Osvaldo Martínez, Luis Fierro
openaire   +1 more source

CONTENT PROTECTION WITH FOREIGN CAPITAL

Oxford Economic Papers, 1993
The author considers local content requirements in a second-best environment with foreign capital flows and explores the consequences for domestic producers of final goods. The author derives an expression for the welfare consequences of content protection in a competitive general equilibrium model of two stages of production and shows that content ...
openaire   +1 more source

Foreign Capital and Constitutions

2022
Abstract This chapter describes three distinct relationships that aim to embrace or disentangle the presence of foreign capital in Latin America, by proposing to interpret the differences through the lens of ideas about economic development: neo-liberalism, dependency theory, and a middle ground referred to ‘the social’.
openaire   +1 more source

Foreign Capital and Protectionism

The Canadian Journal of Economics, 1992
In terms of a simple model, it is shown that the growth in the export processing zone through an influx of foreign-owned capital reduces welfare for an economy importing capital-intensive goods and following a protectionary policy. Similarly, it follows that growth in the export-processing zone should benefit economies importing labor-intensive goods.
Hamid Beladi, Sugata Marjit
openaire   +1 more source

Foreign Capital and Growth

1983
The role of foreign capital as a determinant of growth in the developing countries is a controversial subject. The controversy has sometimes been focussed on all foreign capital inflows and sometimes on its components, particularly foreign aid and private foreign investment.
Kanhaya L. Gupta, M. Anisul Islam
openaire   +1 more source

FOREIGN CAPITAL AND EFFICIENCY IN DEVELOPING COUNTRIES

Bulletin of Economic Research, 2008
ABSTRACTThis paper uses stochastic frontier methodology to analyse foreign direct investment, imported capital goods and human capital as channels for increased efficiency in less‐developed countries. Empirical investigation reveals that developing countries differ with respect to the efficiency with which they use frontier technology.
openaire   +3 more sources

Foreign Capital and Take-Off

1963
There is a strong temptation to begin any paper on Take-off with a section debating the whole concept, but that temptation I will resist. The discussion of ‘Foreign Capital and Foreign Exchange in Take-off’ is planned for the end of the ten-day conference and by the time this is reached the preliminary ground of whether take-off is an historically ...
openaire   +1 more source

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