The Stock Market and Investment: Evidence from FDI Flows
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Foreign direct investment offers a rich laboratory in which to study the broader economic effects of securities market mispricing. We outline and test two mispricing-based theories of FDI. The cheap assets' or fire-sale theory views FDI inflows as the purchase of undervalued host country assets,
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美国国家经济研究局创建时间：
2004-06-01
