What Drives Capital Flows? The Case of Cross-Border M&A Activity and Financial Deepening

By J. D. Giovanni. 2002

705 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/efddcf8d695f4a9334d59dfb8f98ac0a22a95929

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Citations in the corpus

Do double taxation treaties increase foreign direct investment to developing countries? (2006, neutral): “Second, Di Giovanni (2005) analyses merger and acquisition (M&A) deals rather than FDI over the period 1990–99.”
Information Environment and the Investment Decisions of Multinational Corporations (2013, background): “…when cross-border frictions are low, the costs of exchanging information between parents and subsidiaries are similarly low, which likely results in greater information transfers from the subsidiary to the parent and vice versa (Grinblatt and Keloharju 2001; Di Giovanni 2005; Giroud 2013).”
Determinants of Foreign Direct Investment (2011, neutral): “This includes Wei (2000), whose focus is on corruption; Stein and Daude (2007), whose focus is on time zone differences; and di Giovanni (2005), whose partial focus is on financial market institutions.”
Minimum Wage and Outward FDI from China (2018, background): “…studies on the determinants of FDI.4 These papers have studied the role of internal factors such as firm productivity (Tomiura, 2007; Yeaple, 2009) and external factors such as exchange rate shocks (Cushman, 1985; Russ, 2007) and home country financial development (Di Giovanni, 2005).”
The Pecking Order of Cross-Border Investment (2006, background): “13 See Portes, Rey and Oh (2001) for the case of equity flows; Loungani, Mody and Razin (2002), as well as di Giovanni (2005) for FDI; and Mody, Razin and Sadka (2003) for FDI and equity.”
The Impact of Double Taxation Treaties on Foreign Direct Investment: Evidence from Large Dyadic Panel Data (2009, methodology): “Turning toward studies, which use aggregate rather than bilateral FDI data in larger and more representative samples, Di Giovanni (2005) examines the impact of various macroeconomic and financial variables on cross-border M&A activities as a component of FDI over the period from 1990 to 1999,…”
FDI as an Outcome of the Market for Corporate Control: Theory and Evidence (2008, neutral): “Hijzen, Gorg, and Manchin (2005) and di Giovanni (2005) investigate the determinants of bilateral M&A transactions in a gravity setting.”
Convergence of Accounting Standards and Foreign Direct Investment (2014, background): “Several studies in the literature have found that FDI is responsive to the difference in real interest rates or the real exchange rate (Di, 2005; Hyun and Kim, 2010).”
Tax Treaties and Foreign Direct Investment: Potential versus Performance (2004, background): “Spurious correlation is also found by di Giovanni (forthcoming) who estimates the effect of treaties on cross-border mergers and acquisitions.”
Robust FDI determinants: Bayesian Model Averaging in the presence of selection bias (2012, background): “When Di Giovanni (2005) examines only the extensive margin of FDI, positive effects of tax treaties are reported.14 Financial risk also serves as a central determinant of FDI.”
Improvements in the World Bank's Ease of Doing Business Rankings: Do they Translate into Greater Foreign Direct Investment Inflows? (2011, background): “Researchers consistently use GDP, GDP growth, GDP per capita and/or other variants of GDP as determinants of FDI (Blonigen 2011, Alfaro, Chanda, Kalemli-Ozcan, Sayek 2009, Di Giovanni 2005 and Head & Ries 2008).”
Cross-Border Mergers and Acquisitions and European Integration (2009, neutral): “While Di Giovanni (2005) does not consider the impact of the depth of financial markets of the target country, one could argue that more developed financial markets should also attract M&As. Regressions in Table 7 (see columns 1 to 3) indicate that countries with deeper financial markets have a…”
The effect of investor origin on firm performance: Domestic and foreign direct investment in the United States (2011, background): “12 Unfortunately, SDC only reports the value of the acquisition for half of the deals, although, it does seem to be random for which deal it is reported (DiGiovanni, 2005).”