TY  - BOOK
AU  - Kuzin,Vladimir
AU  - Massimiliano Marcellino
AU  - Schumacher, Christian
TI  - Pooling versus model selection for nowcasting with many predictors: an application to German GDP 
T2  - Discussion paper. Series 1: economic studies
SN  - 9783865584878
U1  - 338.881338.544 21
PY  - 2009///
CY  - Frankfurt am Main
PB  - Deutsche Bundesbank
KW  - PRODUCTO INTERNO BRUTO
KW  - TECNICAS DE PREDICCION
KW  - INCERTIDUMBRE
KW  - PREVISIONES ECONOMICAS
KW  - ALEMANIA
KW  - PRONOSTICOS ECONOMICOS
KW  - PREDICCIONES ECONOMICAS
N1  - Bibliografía: p. 26-29
N2  - This paper investigates how multinational firms choose their capital structure in response to political risk. We focus on two choice variables, the leverage and the ownership structure of the foreign affiliate, and we distinguish different types of political risk, like expropriation, corruption and confiscatory taxation, and In our theoretical analysis we find that as political risk increases the ownership share always decreases whereas leverage can both increase or decrease, depending on the type of political risk. Using the Microdatabase Direct Investment of the Deutsche Bundesbank, we find supportive evidence for these different effects
UR  - https://www.bundesbank.de/Redaktion/EN/Downloads/Publications/Discussion_Paper_1/2009/2009_02_17_dkp_03.pdf?__blob=publicationFile
ER  -