| 来源类型 | Working Paper
|
| 规范类型 | 报告
|
| DOI | 10.3386/w20634
|
| 来源ID | Working Paper 20634
|
| International Trade, Multinational Activity, and Corporate Finance |
| C. Fritz Foley; Kalina Manova
|
| 发表日期 | 2014-11-03
|
| 出版年 | 2014
|
| 语种 | 英语
|
| 摘要 | An emerging new literature brings unique ideas from corporate finance to the study of international trade and investment. Insights about differences in the development of financial institutions across countries, the role of financial constraints, and the use of internal capital markets are proving central in understanding international economics. The ability to access financial capital to pay fixed and variable costs affects choices firms make regarding export entry and operations, and, as a consequence, influence aggregate trade patterns. Financial frictions and the use of internal capital markets shape decisions that multinationals make regarding production locations, integration, and corporate governance. This article surveys this recent research with the goal of highlighting the main themes it explores, the key results it establishes, and the leading open questions it raises. |
| 主题 | International Economics
; Trade
; International Factor Mobility
; International Finance
; Financial Economics
; Corporate Finance
|
| URL | https://www.nber.org/papers/w20634
|
| 来源智库 | National Bureau of Economic Research (United States)
|
| 引用统计 |
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/578309
|
推荐引用方式
GB/T 7714 |
C. Fritz Foley,Kalina Manova. International Trade, Multinational Activity, and Corporate Finance. 2014.
|
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