Multiple finances, margins of foreign direct investment and aggregate industry productivity
Based on a heterogeneous firm set-up, we model firms’ access to the internal capital market, bank finance as well as bond finance and investigate how firms’ adjustment among multiple sources of finance affects their performance in foreign direct investment and aggregate industry productivity. We fin...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Institute of Public Finance
2012-03-01
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| Series: | Financial Theory and Practice |
| Subjects: | |
| Online Access: | http://www.ijf.hr/upload/files/file/FTP/2012/1/hou-zhang.pdf |