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An important decision that multinational firms (MNFs) face when expanding abroad concerns the specific form of their investment. The usual choice is between exports, licensing or franchising, and fo...
This paper is concerned with the set of mutual relationships between firm valuation and investment, and with the possible endogeneity of ownership structure. In order to deal with them properly, we a...
This paper analyzes the effects of the form of ownership on the substitutability between internal and external sources of finance in Italy. In particular, we test whether financial constraints are mo...

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