کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
962427 1479084 2016 22 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The impact of banking deregulation on inbound foreign direct investment: Transaction-level evidence from the United States
ترجمه فارسی عنوان
تاثیر تنظیم مقررات بانکی بر سرمایه گذاری مستقیم خارجی: مدارک سطح معامله در سطح ایالات متحده
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی
We evaluate the effects of state-level banking deregulation that resulted in improved access to cheaper local finance on foreign firms investing in the U.S. We provide direct, micro-level evidence from U.S. inbound foreign direct investment transactions showing that interstate banking, but not intrastate branching, deregulation increased the number of transactions, reduced the average transaction value, and boosted overall investment by foreign multinationals. We also show that lower cost of local credit and greater local bank competition in each state, following the interstate banking deregulation, are potential mechanisms that stimulated FDI activity. Finally, we demonstrate that after the adoption of the interstate banking deregulation, both the number and the average value of transactions increased in industries that are more dependent on external finance relative to industries that are less dependent.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of International Economics - Volume 100, May 2016, Pages 138-159
نویسندگان
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