This paper examines the preferences of foreign and dometic institutional investors in Indian stock markets. Foreign and domestic institutional investors both prefer larger, widely dispersed firms and do not chase returns. However, we find evidence of strong differences in the behaviour of foreign and domestic institutional investors. Foreign investors prefer to buy private, liquid, young and gl...

Studies on foreign direct investment locations in China have been conducted mainly at interregional and interprovincial scales, and little attention has been paid to the intraurban scale where location decisions of foreign firms can differ from domestic firms. This article explores the intraurban locations of information and communication technology (ICT) firms in Suzhou, a city experiencing ra...

This paper analyzes the effect of foreign presence on the growth and survival of domestic firms. I separate the two opposing effects that foreign firms are expected to have on domestic firms: a negative “market stealing or crowding out” effect and a positive “technology spillover” effect. Unlike previous studies, however, which analyzed the spillover question by estimating firm production funct...

Following the deregulation policies implemented by the Chinese government in 2001, foreign banks were allowed to enter the Chinese banking market gradually, in different years in different cities. As a result, from 2001 to 2006 firms in different cities had differential access to foreign bank credit. Using an extensive firm-level dataset from the manufacturing census in China, this paper studie...

Using a novel dataset that allows us to trace the primary bank relationships of a sample of mostly unlisted firms, we explore to what extent foreign banks can improve the allocation of credit in emerging markets. Our results suggest that the limits of financial integration are less tight than what the previous literature based on a static picture of bank loan portfolios suggested. Foreign banks...

Using a novel dataset that allows us to trace the primary bank relationships of a sample of mostly unlisted firms in Eastern Europe, we explore to what extent foreign banks can improve the allocation of credit. Our results suggest that the limits of financial integration are less tight than what previous literature based on a static picture of bank loan portfolios suggested. Foreign banks appea...

This article examines the relationship between foreign parent control and International Joint Venture (IJV) performance over the lifecycle of the IJV. Following Geringer and Hebert (1989); Glaister, Husan, and Buckley (2005), Nguyen and Larimo (2008), the paper conceptualizes foreign parent control across three dimensions including mechanism, focus, and extent. The empirical evidence is based o...

This paper examines Foreign Direct Investment in the presence of labour unions. An oligopoly model is developed in which identical firms locate in a host country in order to export to a foreign country. These firms are unionised and compete with foreign firms on the foreign market. We consider the incentives for social dumping via restrictive labour legislation which we assume can be used by th...

This paper examines Foreign Direct Investment in the presence of labour unions. An oligopoly model is developed in which identical firms locate in a host country in order to export to a foreign country. These firms are unionised and compete with foreign firms on the foreign market. We consider the incentives for social dumping via restrictive labour legislation which we assume can be used by th...

This paper studies the impact of foreign bank entry on domestic firms’ access to bank credit using a within-country staggered geographic variation in the policy of foreign bank lending in China. The paper finds that after foreign bank entry profitable firms use more long-term bank loans; whereas firms with higher value of potential collateral do not. It also finds that non-state-owned firms bec...