Consumer affinity and an extended view of the spillover effects of attitudes toward a cross-border-acquisition event

Author(s):  
Tiebing Shi ◽  
Han Yu ◽  
Chi Lo Lim
2021 ◽  
Vol 2021 (056) ◽  
pp. 1-45
Author(s):  
Judit Temesvary ◽  
◽  
Andrew Wei ◽  

We study how U.S. banks' exposure to the economic fallout due to governments' response to Covid-19 in foreign countries has affected their credit provision to borrowers in the United States. We combine a rarely accessed dataset on U.S. banks' cross-border exposure to borrowers in foreign countries with the most detailed regulatory ("credit registry") data that is available on their U.S.-based lending. We compare the change in the U.S. lending of banks that are more vs. less exposed to the pandemic abroad, during and after the onset of Covid-19 in 2020. We document strong spillover effects: U.S. banks with higher foreign exposures in badly "Covid-19-hit" regions cut their lending in the United States substantially more. This effect is particularly strong for longer-maturity loans and term loans and is robust to controlling for firms’ pandemic exposure.


Subject The outlook for leadership transitions in East Africa. Significance Ethiopia, Uganda and Rwanda are ruled by parties that transformed from armed liberation movements. The Ethiopian People's Democratic Revolutionary Front (EPRDF), Uganda's National Resistance Movement (NRM) and the Rwandan Patriotic Front (RPF) all took power within a few years of one another. They maintain party-to-party contacts and run tightly-controlled states which hold regular and ostensibly multiparty elections. Ethiopia's forthcoming elections in May will be the first since the death of liberation-era Prime Minister Meles Zenawi. Its leadership transition provides signals for the region's other post-liberation states. Impacts Institutionalised leadership transitions would help provide regulatory clarity to foreign investors. Unstable transitions in any of these countries would have regional spillover effects, given cross-border political dynamics. Strong, coherent military institutions may prove an important guarantor of a stable transition, barring direct interference in politics.


2014 ◽  
Vol 45 (4) ◽  
pp. 450-470 ◽  
Author(s):  
Joseph A Clougherty ◽  
Klaus Gugler ◽  
Lars Sørgard ◽  
Florian W Szücs

Asian Survey ◽  
2018 ◽  
Vol 58 (3) ◽  
pp. 464-485 ◽  
Author(s):  
Gang Chen

This paper examines the under-researched subject of the political and economic functions of Mainland Chinese enterprises in Hong Kong. The lack of effective cross-border supervision of these offshore state assets has exacerbated the longstanding principal–agent problem, resulting in spillover effects such as high property prices and worsening corporate corruption.


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