کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
884426 | 912390 | 2008 | 17 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Foreign equity participation under incomplete information
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
This paper demonstrates how an interaction between ownership rules and trade policy provides a rationale for a host government to impose local equity requirement (LER) on a foreign multinational. It presents a model where, in the presence of an import tariff, LER can serve as an effective instrument for a host government in removing any incentive for the multinational to mimic an inefficient firm when the government does not have complete information on the cost of the multinational's foreign unit. It is shown that the LER can increase national welfare by removing possible distortions under incomplete information. It is also shown that product market competition lowers the LER.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Behavior & Organization - Volume 67, Issue 1, July 2008, Pages 279–295
Journal: Journal of Economic Behavior & Organization - Volume 67, Issue 1, July 2008, Pages 279–295
نویسندگان
Hamid Beladi, Avik Chakrabarti,