The comovement of returns and investment within the multinational firm
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The comovement of returns and investment within the multinational firm by Mihir A. Desai

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Published by National Bureau of Economic Research in Cambridge, MA .
Written in English

Subjects:

Places:

  • United States.

Subjects:

  • International business enterprises -- United States.,
  • Business cycles -- United States.,
  • Rate of return -- United States.

Book details:

Edition Notes

StatementMihir A. Desai, C. Fritz Foley.
SeriesNBER working paper series ;, working paper 10785, Working paper series (National Bureau of Economic Research : Online) ;, working paper no. 10785.
ContributionsFoley, C. Fritz., National Bureau of Economic Research.
Classifications
LC ClassificationsHB1
The Physical Object
FormatElectronic resource
ID Numbers
Open LibraryOL3476125M
LC Control Number2005615582

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This paper presents evidence on the comovement of returns and investment within U.S. multinational firms to address this question. These firms constitute significant fractions of economic output and investment in most large economies, suggesting Cited by: Get this from a library! The comovement of returns and investment within the multinational firm. [Mihir A Desai; C Fritz Foley; National Bureau of Economic Research.]. The Comovement of Returns and Investment Within the Multinational Firm Mihir A. Desai and C. Fritz Foley NBER Working Paper No. September JEL No. F21, F23, F36, F42, G15 ABSTRACT Can financial integration, particularly the cross-border investments of multinational firms, help explain the synchronization of business cycles? Download Citation | On , Mihir A Desai and others published The Comovement of Returns and Investment Within the Multinational Firm | Find, read and cite all the research you need on.

BibTeX @MISC{Desai04tothe, author = {Mihir A. Desai and C. Fritz Foley and Richard Clarida and Jeffrey Frankel and Francesco Giavezzi and Bill Zeile and Mihir A. Desai and C. Fritz Foley}, title = {to the source. The Comovement of Returns and Investment Within the Multinational Firm}, year = {}}. Nber International Seminar on Macroeconomics The Comovement of Returns and Investment within the Multinational Firm Article September with 14 Reads How we measure 'reads'. The Comovement of Returns and Investment within the Multinational Firm Mihir A. Desai, Harvard University and NBER C. Fritz Foley, Harvard University and NBER 1. Introduction To what degree do increasing levels of financial integration among the world's major economies lead to changes in the synchronization of busi-ness cycles? Campa, Jose' (), Comment to " The Comovement of Returns and Investment within the Multinational Firm, " by M. Desai and F. Foley, NBER International Seminar on .

Foreign direct investment, multinational firms, comovement, business cycles The Comovement of Returns and Investment within the Multinational Firm NBER Working Paper No. w   The Comovement of Returns and Investment Within the Multinational Firm Mihir A. Desai and C. Fritz Foley In Richard H. Clarida, Jeffrey A. Frankel, Fancesco Giavazzi, and Kenneth D. West, eds., NBER International Seminar on Macroeconomics , . We investigate how multinational firms contribute to the transmission of shocks across countries using a large multi-country firm-level dataset that contains cross-border ownership information. We use these data to document two novel empirical patterns. First, foreign affiliate and headquarter sales exhibit strong positive comovement: a 10 % growth in the sales of the headquarter is associated. The comovement of returns and investment within the multinational firm. NBER working paper, ().