Browsing Sloan School of Management by Author "Zhang, Yifan"
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A Fire Sale without Fire: An Explanation of Labor-Intensive FDI in China
Zhang, Yifan; Yang, Zhi; Ma, Yue; Huang, Yasheng (Cambridge, MA; Alfred P. Sloan School of Management, Massachusetts Institute of Technology, 2008-08-01)Using a large firm-level panel dataset from the Chinese National Bureau of Statistics, we examine the effect of financial distortions on FDI inflows in China's labor-intensive industries. Following Whited and Wu (2006), ...