Foreign direct investment vs. foreign portfolio investment:
"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, come...
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| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge, Mass.
National Bureau of Economic Research
2005
|
| Series: | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
11047 |
| Subjects: | |
| Online Access: | Volltext |
| Summary: | "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. |
| Physical Description: | 33 S. graph. Darst. |
Staff View
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| id | DE-604.BV019884962 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T20:08:22Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-013209049 |
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| physical | 33 S. graph. Darst. |
| publishDate | 2005 |
| publishDateSearch | 2005 |
| publishDateSort | 2005 |
| publisher | National Bureau of Economic Research |
| record_format | marc |
| series | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| series2 | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| spelling | Goldstein, Itay 1973- Verfasser (DE-588)129796840 aut Foreign direct investment vs. foreign portfolio investment Goldstein Itay ; Assaf Razin Cambridge, Mass. National Bureau of Economic Research 2005 33 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11047 "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. Mathematisches Modell Investments, Foreign Mathematical models Portfolio management Mathematical models Razin, Asaf 1941- Verfasser (DE-588)124527051 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11047 (DE-604)BV002801238 11047 http://papers.nber.org/papers/w11047.pdf kostenfrei Volltext |
| spellingShingle | Goldstein, Itay 1973- Razin, Asaf 1941- Foreign direct investment vs. foreign portfolio investment National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series Mathematisches Modell Investments, Foreign Mathematical models Portfolio management Mathematical models |
| title | Foreign direct investment vs. foreign portfolio investment |
| title_auth | Foreign direct investment vs. foreign portfolio investment |
| title_exact_search | Foreign direct investment vs. foreign portfolio investment |
| title_full | Foreign direct investment vs. foreign portfolio investment Goldstein Itay ; Assaf Razin |
| title_fullStr | Foreign direct investment vs. foreign portfolio investment Goldstein Itay ; Assaf Razin |
| title_full_unstemmed | Foreign direct investment vs. foreign portfolio investment Goldstein Itay ; Assaf Razin |
| title_short | Foreign direct investment vs. foreign portfolio investment |
| title_sort | foreign direct investment vs foreign portfolio investment |
| topic | Mathematisches Modell Investments, Foreign Mathematical models Portfolio management Mathematical models |
| topic_facet | Mathematisches Modell Investments, Foreign Mathematical models Portfolio management Mathematical models |
| url | http://papers.nber.org/papers/w11047.pdf |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT goldsteinitay foreigndirectinvestmentvsforeignportfolioinvestment AT razinasaf foreigndirectinvestmentvsforeignportfolioinvestment |