Multinational investment attraction: Principal-agent considerations

International Journal of Phytoremediation

Volumn 21, Issue 1, 1999, Pages 65-79

  Mudambi, Ram ^a  

^a CASE WESTERN RESERVE UNIVERSITY   (United States)

Author keywords

Government investment supports mne; Investment location; Principal agent theory

Indexed keywords

EID: 0005214408     PISSN: 15226514     EISSN: 15497879     Source Type: Journal    
DOI: 10.1080/13571519984322     Document Type: Article

References (52)

1. Arthur, B., 1990. "Positive Feedbacks in the Economy,". Scientific American, 262: 92–9.
2. Bailey, D., Harte, G., and Sugden, R., 1994. Transnationals and Governments-Recent Policies in Japan, France, Germany, the United States and Britain, London: Routledge.
3. Barnea, A., Haugen, R.A., and Senbet, L.W., 1980. "A Rationale for Debt Maturity Structure and Call Provisions in the Agency Theoretic Framework,". Journal of Finance, 35: 1223–34.
4. Bartik, T.J., 1985. "Business Location Decisions in the United States: Estimates of the Effects of Unionization, Taxes and other Characteristics of States,". Journal of Business and Economic Statistics, 3 (1): 14–22.
5. Basset, P., and Smith, I., 1996. "Koreans invest pound sterling 1.7 billion in the UK,". The Times, July 11: 23 Section 2
6. Baum, T., and Mudambi, R., 1995. "An Empirical Analysis of Oligopolistic Hotel Pricing: The Case of Bermuda Resort Hotels,". Annals of Tourism Research, 22 (3): 501–516.
7. Bloom, J.Z., and Mostert, F.J., 1995. "Incentive Guidelines for South African Tourism: Implications and Challenges in the Context of Developing SociooPolitical Trends,". Tourism Economics, 1 (1): 17–31.
8. Bodlender, J.A., and Ward, T.J., 1987. An Examination of Tourism Incentives, London: Horwath and Horwath.
9. Bolton, P., and Scharfstein, D., 1996. "Optimal Debt Structure and the Number of Creditors,". Journal of Political Economy, 104: 1–25.
10. Buckley, P.J., and Casson, M.C., 1981. "The Optimal Timing of Foreign Direct Investment,". Economic Journal, 91: 75–87.
11. Buckley, P.J., and Chapman, M., 1993. "The Management of Cooperative Strategies," ”. University of Bradford. mimeo
12. Buckley, P.J., and Glaister, K., 1994. "UK International Joint Ventures: An Analysis of Patterns of Activity and Distribution,". British Journal of Management, 5: 33–41.
13. Caves, R.E., 1996. Multinational Enterprise and Economic Analysis, 2nd edn, Cambridge: Cambridge University Press.
14. Cheong, W.K., and Khem, G.S., 1988. "Strategies for Tourism in Singapore,". Long Range Planning, 21 (4): 36–44.
15. Churchill, G.A., Jr. 1995. Marketing Research: Methodological Foundations, 6th edn., Fort Worth: Dryden Press.
16. Collie, D., 1992. "Export Subsidies, Entry Deterrence and Countervailing Tariffs,". The Manchester School, 60 (2): 136–51.
17. De Meza, D., 1979. "Commercial Policy towards Multinational Monopolies: Reservations on Katrak,". Oxford Economic Papers, 31 (2): 334–7.
18. Dicken, P., 1990. "Seducing Foreign Investors-the Competitive Bidding Strategies of Local and Regional Agencies in the UK," ”. In Unfamiliar Terriwry: The Re-shaping of European Geography, Edited by: Hebbert, M., and Hansen, J.-C., Aldershot, Hants: Gower.
19. Dicken, P., and Tickell, A., 1992. "Competitors or Collaborators? The Structure of Inward Investment Promotion in Northern England,". Regional Studies, 26 (1): 99–106.
20. Dieke, P.U.C., 1995. "Tourism and Structural Adjustment Programmes in the African Economy,". Tourism Economics, 1 (1): 71–93.
21. Dunning, J.H., 1988. Explaining International Production, London: Unwin Hyman.
22. Eaton, J., and Grossman, G.M., 1986. "Optimal Trade and Industrial Policy under Oligopoly,". Quarterly Journal of Economics, 101 (2): 383–406.
23. Gale, D., and Hellwig, M., 1985. "Incentive-Compatible Debt Contracts: The One-Period Problem,". Review of Economic Studies, LII: 647–63.
24. Gardner, W.D., 1978. Government Finance, Englewood Cliffs: Prentice-Hall.
25. Greenaway, D., and Nam, C.H., 1988. "Industrialisation and Macroeconomic Performance in Developing Countries under Alternative Trade Strategies,". Kyklos, 41 (3): 419–435.
26. Griffiths, G., 1993. "Powerful Selling Point,". Inveswrs Chronicle, 106 Nov.: 1021349
27. Grubert, H., and Mutti, J., 1989. "Financial Flows versus Capital Spending: Alternative Measures of U.S.Canadian Investment and Trade in the Analysis of Taxes," ”. Washington DC: The World Bank. mimeo
28. Hart, O., and Moore, J.H., 1997. "Default and Renegotiation: A Dynamic Model of Debt," ”. STICERD Discussion Paper TE/97/321 The London School of Economics.
29. Hood, N., and Young, S., 1979. The Economics of Multinational Enterprise, London: Longman.
30. Jenkins, C.L., 1992. "The Use of Investment Incentives for Tourism Projects in Developing Countries,". Tourism Management, 3 (2): 91–7.
31. Kahn, C., and Huberman, G., 1988. "Default, Foreclosure and Strategic Renegotiation," ”. University of Chicago. mimeo
32. Kotler, P., Haider, D.H., and Rein, I., 1993. Marketing Places, New York: The Free Press.
33. Krueger, A.O., 1993. Political Economy of Policy Reform in Developing Countries, Cambridge, MA: The MIT Press.
34. Little, I.M.D., and Mirflees, J.A., 1969. Manual of Industrial Project Analysis in Developing Countries, Vol II: Social Cost-Benefit Analysis, Vol II, Paris: Development Centre of the OECD.
35. Lorenz, A., and Smith, D., 1996. "Foreign Cash Puts Life into UK Industry,". The Times, 16 July: 4 Section 2
36. Madura, J., 1992. "Portfolio Diversification for International Lenders: A Risk Analysis of the Pacific Rim and Eastern European Nations,". International Journal of Commerce and Management, 2 (l&2): 17–27.
37. Marglin, S., 1963. "The Opportunity Costs of Public Investment,". Quarterly Journal of Economics, 77: 274–89.
38. Mudambi, R., 1995a. "Output Tradability and the Regulation of a Multinational Firm," ”. In Market Evolution: Competition and Cooperation Edited by: vanWitteloostuijn, A., Dordrecht/Boston: Kluwer
39. Mudambi, R., 1995b. "The MNE Investment Location Decision: Some Empirical Evidence,". Managerial and Decision Economics, 16: 249–57.
40. Myers, S.C., 1977. "Determinants of Corporate Borrowing,". Journal of Financial Economics, 5: 147–75.
41. Netherlands Economic Institute. April 1992. (in cooperation with Ernst & Young), New Location Facwrs for Mobile Investment in Europe April, Rotterdam/London
42. Rolfe, R.J., Ricks, D.A., Pointer, M.M., and McCarthy, M., 1993. "Determinants of FDI Incentive Preferences of MNEs,". Journal oflnternational Business Studies, 24 (2): 335–55.
43. Shah, A., and Slemrod, J., 1990. "Tax Sensitivity of Foreign Direct Investments: An Empirical Assessment," ”. Working Paper No. 434 Washington D.C.: Policy, Research and External Affairs Section, The World Bank.
44. Thaler, R., 1988. "Anomalies: The Winner's Curse,". Journal of Economic Perspectives, 2 (1): 191–202.
45. Tschinkel, S.L., and Wall, L.D., 1994. "Some Lessons from Finance for State and Local Government Development Programs,". Federal Reserve Bank of Atlanta Economic Review, 79 (1): 1–10.
46. Waples, J., 1996. "Welsh Raise Stakes in Jobs War,". The Sunday Times, 19 May: 7 Section 2
47. Watzke, G.E., 1982. "An Irish Sweepstakes for American Corporations,". Journal of General Management, 7 (4): 31–9.
48. Wells, L.T., and Wint, A.G., 1990. "Marketing a Country: Promotion as a Tool for Attracting Foreign Direct Investment," ”. Foreign Investment Advisory Service Occasional Paper 1 Washington DC: International Finance Corporation and Multilateral Guarantee Agency.
49. Wheeler, D., and Mody, A., 1992. "International Investment Locations: The Case of U.S. Firms,". Journal of International Economics, 33 (1): 57–76.
50. Woodward, D., and Rolfe, R., 1993. "The Location of Export-Oriented Foreign Direct Investment in the Caribbean Basin,". Journal of International Business Studies, 24 (1): 121–44.
51. Young, S., Hood, N., and Peters, E., 1994. "Multinational Enterprises and Regional Economic Development,". Regional Studies, 28 (7): 657–77.
52. Young, S., Hood, N., and Wilson, A., 1994. "Targeting Policy as a Competitive Strategy for European Inward Investment Agencies,". European Urban and Regional Studies, 1 (2): 143–59.