Multinationals as Arbitrageurs: The Effect of Stock Market Valuations on Foreign Direct Investment
By Malcolm Baker. 2009
207 citations recorded by the source corpus.
Subfields: Accounting, Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/cc7847c9141da9c512409fa2f452ea29721e2d56
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Accounting
- Malcolm P. Baker
- Jeffrey Wurgler
- Armen Hovakimian
- Robin Greenwood
- Michael R. Roberts
- Jianfeng Yu
- Christopher Polk
- Maik Schmeling
In Economics and Econometrics
In Finance
- Malcolm P. Baker
- Jeffrey Wurgler
- Armen Hovakimian
- Robin Greenwood
- Jianfeng Yu
- Michael R. Roberts
- Maik Schmeling
- Artyom Durnev
Citations in the corpus
- Policy Uncertainty, Irreversibility, and Cross-Border Flows of Capital (2013, unknown): “Stock market valuation may drive FDI, especially cross-border megers and acquisitions (Baker, Foley, and Wurgler (2009)).”
- Shareholders at the Gate? Institutional Investors and Cross-Border Mergers and Acquisitions (2010, unknown): “2 Electronic copy available at: https://ssrn.com/abstract=966107 more agile there is a reduction in misvaluations across countries and therefore the scope for cross-border arbitrage by multinational firms through M&A, as suggested by Baker, Foley, and Wurgler (2009).”
- Political Stability and Foreign Direct Investment (2010, unknown): “(2001) data, as the way in Baker et al. (2006). Political stability measures are described briefly in the introduction section.”
- Determinants of Cross-Border Mergers and Acquisitions (2012, unknown): “…it is implausible that one particular firm’s managers have superior information about the valuation of the overall market or any particular currency, Baker, Foley, and Wurgler (2009) argue that cross-border mergers could similarly occur because of mispricing of securities from fluctuations in…”
- The Effects of Financial Development on Foreign Direct Investment (2014, unknown): “In this section, we review the different potential direct and indirect effects of source and destination countries’ financial development on FDI.”
- Capital Market-Driven Corporate Finance (2009, background): “More recently, Baker et al. (2009b) find that firms are more likely to split their shares when a similar premium on small or low-priced stocks is high.”