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This paper examines how urban industrial agglomeration interacts with the intra- and inter-regional externalities resulting from foreign direct investment (FDI) in city innovation in an emerging economy. It adds to the existing literature by highlighting the importance of considering both spatial proximity and urban industrial structures in understanding FDI knowledge spillovers in urban areas. Using...
How do international investors react to announcements of cross-border mergers and acquisitions (CM&As) by emerging market multinational enterprises (EMNEs)? Using a unique and manually-constructed firm-level dataset, this paper examines the stock price reactions to CM&A announcements made over the period 1991–2010 by Chinese MNEs listed on the Hong Kong Stock Exchange and the wealth impacts...
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