dc.contributor.authorHo, Woon Yee.en_US
dc.date.accessioned2008-09-16T06:37:16Z
dc.date.available2008-09-16T06:37:16Z
dc.date.copyright2007en_US
dc.date.issued2007
dc.identifier.citationHo, W. Y. (2007). Foreign direct investment and imperfect capital markets: count data analysis of Japanese FDI in the United States. Doctoral thesis, Nanyang Technological University, Singapore.
dc.identifier.urihttp://hdl.handle.net/10356/2185
dc.description.abstractBetween 1981 and 1990, FDI in Japan as a share of total US inward FDI increased four-fold. The increase coincided with the appreciating yen relative to the US dollar. While exchange rate changes can time FDI, Froot and Stein (1991) by assuming imperfect capital markets explain why exchange rate depreciation attracts FDI. Because imperfect capital markets due to asymmetric information makes external finance costly, it constrains firms from borrowing as much as they are willing to finance FDI. These borrowing constraints ease when the foreign currency depreciates resulting in increased relative wealth that can lead to increased FDI.en_US
dc.rightsNanyang Technological Universityen_US
dc.subjectDRNTU::Business::Finance::International finance::Foreign direct investment
dc.titleForeign direct investment and imperfect capital markets: count data analysis of Japanese FDI in the United States.en_US
dc.typeThesisen_US
dc.contributor.supervisorAlba, Joseph Dennis.en_US
dc.contributor.schoolSchool of Humanities and Social Sciencesen_US
dc.description.degreeDOCTOR OF PHILOSOPHY (HSS)en_US


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