The Composition of International Capital Flows: Risk Sharing Through Foreign Direct Investment

By Rui A. Albuquerque. 2003

363 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/f5e501ddb7f4110d7f7a21a2c2d3a7c62bfa68db

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Marcel Fratzscher
2. Elias Papaioannou
3. Christian Daude
4. Ernesto H. Stein
5. S. Hannan
6. Maria Sole Pagliari
7. Bishnu Kumar Adhikary
8. Alemu Mengistu

In Finance

1. Marcel Fratzscher
2. Christian Daude
3. Elias Papaioannou
4. S. Hannan
5. Maria Sole Pagliari
6. Bishnu Kumar Adhikary
7. Ernesto H. Stein
8. Alemu Mengistu

In Strategy and Management

1. Christian Daude
2. Marcel Fratzscher
3. Bishnu Kumar Adhikary
4. S. Hannan
5. Elias Papaioannou
6. Maria Sole Pagliari
7. Ernesto H. Stein
8. Alemu Mengistu

Citations in the corpus

• The Pecking Order of Cross-Border Investment (2006, background): “confirming the hypothesis put forward by Albuquerque (2003), who argues that portfolio investment is easier to expropriate than other types of investment.”
• What Drives the Global Land Rush? (2011, neutral): “Asymmetric information, agency problems, and use of proprietary technologies all are likely to give rise to a preference for direct over portfolio investment (Albuquerque 2003).”
• What Drives International Financial Flows? Politics, Institutions and Other Determinants (2009, methodology): “Thus to further control for hard-to-account-for differences in economic and financial conditions in columns (5) and (6) I run the models separately to the high-income OECD sample and the rest of the world.”
• The Volatility of Capital Flows in Emerging Markets: Measures and Determinants (2017, background): “Similarly, Alfaro et al. (2007) emphasize the importance of domestic factors, such as institutional quality and the soundness of macroeconomic policies, in explaining these volatility differences. Discrepancies between EMDEs and AEs can also be characterized by type of investment. For instance, the ”
• An Information-Based Trade Off between Foreign Direct Investment and Foreign Portfolio Investment (2005, neutral): “Comparing (3) with (4), we see that if the project is held until maturity, it yields a higher payoff (8)The argument, according to which the manager wishes to make larger investments and build an empire is common in the corporate finance literature.”
• Does good governance matter for FDI inflows? Evidence from Asian economies (2011, background): “…efficiencies in order to protect the property rights and civil rights of an investor can better attract FDIs and vice versa (Mody and Srinivasan 1998, Hall and Jones 1999, Stevens 2000, Roll and Talbott 2001, Globerman and Shapiro 2003, Albuquerque 2003, Acemoglu et al. 2005, Li and Filer 2007).”
• The Quality of Institutions and Foreign Direct Investment (2007, background): “A different literature that is related to the present paper includes Aizmann and Spiegel (2002), Albuquerque (2003), Hausmann and Fernández-Arias (2000), as well as Mody et al. (2003).”
• Financial Globalization and Economic Policies (2009, neutral): “Albuquerque (2003) argues that financially constrained countries are likely to get more FDI than other types of flows since it is harder to expropriate—not because it is more productive or intrinsically less volatile. Ju and Wei (2006) provide a framework to reconcile the results of these two papers”