The Hazard Rate of Foreign Direct Investment: A Structural Estimation of a Real-option Model

The hazard rate of investment is derived within a real‐option model, and its properties are analysed so as to directly study the relation between uncertainty and investment. Maximum likelihood estimates of the hazard are calculated using a sample of multinational enterprises (MNEs) that invested in...

Ausführliche Beschreibung

Gespeichert in:

Bibliographische Detailangaben
Veröffentlicht in:	Oxford bulletin of economics and statistics 2006-10, Vol.68 (5), p.569-593
Hauptverfasser:	Pennings, Enrico, Altomonte, Carlo
Format:	Artikel
Sprache:	eng
Schlagworte:	Central Europe D81 Eastern Europe Estimation F21 Foreign direct investment Foreign investment Hazards Maximum likelihood method Multinational corporations Multinational enterprises Non-linear models Parameter estimation Probability Real options analysis Statistical methods Studies Uncertainty
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!

Schreiben Sie den ersten Kommentar!