Monitoring Costs and the Mode of International Investment
نویسندگان
چکیده
Our central proposition is that monitoring costs increase with physical distance, and hence, direct investments located further from the foreign investor’s home base should be more likely formed as joint ventures. Tests on a data set of Taiwanese direct investments in Mainland China provide robust support to the hypothesis. A project that was located 1000 kilometers further away was 13-17% more likely to be formed as a joint venture.
منابع مشابه
Planning Greenhouses Energy Supply with Focus on Renewable Energy in Microgrid Mode
Climate change and the increasing population of countries have made the importance of greenhouses more important for future food security. One of the most important considerations in greenhouse production is the need of energy to create suitable greenhouse conditions. Therefore, in this paper, the problem of greenhouse energy planning with a focus on renewable energies will be investigated. To ...
متن کاملA mathematical model for the multi-mode resource investment problem
This paper presents an exact model for the resource investment problem with generalized precedence relations in which the minimum or maximum time lags between a pair of activities may vary depending on the chosen modes. All resources considered are renewable. The objective is to determine a mode and a start time for each activity so that all constraints are obeyed and the resource investment co...
متن کاملComputerized Linking of Capital Markets - A Viable Approach
Interlinking capital markets has always been an interesting issue since it not only provides more investment opportunities but also results in reduction of the risk of market volatility due to increase in the size of market. However, global and local barriers like different currencies, legal issues, settlement risks and costs prevent such interlink age to take place efficiently. In this paper, ...
متن کاملInvestigating the Effect of Financial Constraints and Different Levels of Agency Cost on Investment Efficiency
This research attempts to investigate the effect of financial constraints and different levels of agency costs on the investment efficiency of companies in Iran. Following the design of the financial risk assessment indexes, the transaction information was collected from the Stock Exchange in the five-year period of 2011-2015. The statistical sample consists of 128 companies selected by samplin...
متن کاملHealth Monitoring of Welded Steel Pipes by Vibration Analysis
In the present work, structure health monitoring (SHM) of welded steel pipes was used to diagnosis their state via vibration based damage detection techniques. The dynamic quantities such as Frequency Response Functions (FRFs), mode shapes and modal parameters from structural vibration to detect damage were measured, set on linear averaging mode, with a maximum frequency of analysis of 3.2 kHz....
متن کامل