{"id":"https://openalex.org/W2017798103","doi":"https://doi.org/10.2139/ssrn.584941","title":"Multinational Affiliates and Local Financial Markets","display_name":"Multinational Affiliates and Local Financial Markets","publication_year":2004,"publication_date":"2004-01-01","ids":{"openalex":"https://openalex.org/W2017798103","doi":"https://doi.org/10.2139/ssrn.584941","mag":"2017798103"},"language":"en","primary_location":{"id":"doi:10.2139/ssrn.584941","doi":"https://doi.org/10.2139/ssrn.584941","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.584941","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"volume":null,"type":"preprint","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.584941","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5086366874","display_name":"Alexander Lehmann","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I1310145890","display_name":"International Monetary Fund","ror":"https://ror.org/05m4rmw09","country_code":"US","type":"other","lineage":["https://openalex.org/I1310145890"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Alexander Lehmann","raw_affiliation_strings":["International Monetary Fund (IMF), 700 19th Street NW, Washington, DC 20431, United States","International Monetary Fund (IMF)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"International Monetary Fund (IMF), 700 19th Street NW, Washington, DC 20431, United States","institution_ids":["https://openalex.org/I1310145890"]},{"raw_affiliation_string":"International Monetary Fund (IMF)","institution_ids":["https://openalex.org/I1310145890"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5037859181","display_name":"Selin Sayek","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I1310145890","display_name":"International Monetary Fund","ror":"https://ror.org/05m4rmw09","country_code":"US","type":"other","lineage":["https://openalex.org/I1310145890"]},{"id":"https://openalex.org/I168864056","display_name":"Bilkent University","ror":"https://ror.org/02vh8a032","country_code":"TR","type":"education","lineage":["https://openalex.org/I168864056"]}],"countries":["TR","US"],"is_corresponding":false,"raw_author_name":"Selin Sayek","raw_affiliation_strings":["Bilkent University - Department of Economics, 06533 Ankara, Turkey","International Monetary Fund (IMF), 700 19th Street NW, Washington, DC 20431, United States","Bilkent University - Department of Economics","International Monetary Fund (IMF)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Bilkent University - Department of Economics, 06533 Ankara, Turkey","institution_ids":["https://openalex.org/I168864056"]},{"raw_affiliation_string":"International Monetary Fund (IMF), 700 19th Street NW, Washington, DC 20431, United States","institution_ids":["https://openalex.org/I1310145890"]},{"raw_affiliation_string":"Bilkent University - Department of Economics","institution_ids":["https://openalex.org/I168864056"]},{"raw_affiliation_string":"International Monetary Fund (IMF)","institution_ids":["https://openalex.org/I1310145890"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5030945786","display_name":"Hyoung\u2010Goo Kang","orcid":"https://orcid.org/0000-0002-2428-3741","observed_orcids":["https://orcid.org/0000-0002-2428-3741"]},"institutions":[{"id":"https://openalex.org/I4575257","display_name":"Hanyang University","ror":"https://ror.org/046865y68","country_code":"KR","type":"education","lineage":["https://openalex.org/I4575257"]}],"countries":["KR"],"is_corresponding":false,"raw_author_name":"Hyoung Goo Kang","raw_affiliation_strings":["Hanyang University, 222 Wangsimniro, Seongdong-gu, Seoul, 133-791, Korea, Republic of (South Korea)","Hanyang University"],"raw_orcid":"https://orcid.org/0000-0002-2428-3741","affiliations":[{"raw_affiliation_string":"Hanyang University, 222 Wangsimniro, Seongdong-gu, Seoul, 133-791, Korea, Republic of (South Korea)","institution_ids":["https://openalex.org/I4575257"]},{"raw_affiliation_string":"Hanyang University","institution_ids":["https://openalex.org/I4575257"]}]}],"institutions":[],"countries_distinct_count":3,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5086366874"],"corresponding_institution_ids":["https://openalex.org/I1310145890"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":23,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.6640999913215637,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.6640999913215637,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10415","display_name":"International Business and FDI","score":0.2919999957084656,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.019300000742077827,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/multinational-affiliates","display_name":"multinational affiliates","score":0.847000002861023},{"id":"https://openalex.org/keywords/foreign-direct-investment","display_name":"foreign direct investment","score":0.8169999718666077},{"id":"https://openalex.org/keywords/debt-financing","display_name":"debt financing","score":0.6890000104904175},{"id":"https://openalex.org/keywords/local-government-debt","display_name":"local government debt","score":0.7670000195503235},{"id":"https://openalex.org/keywords/financial-development","display_name":"financial development","score":0.6069999933242798},{"id":"https://openalex.org/keywords/host-country-risk","display_name":"host country risk","score":0.7609999775886536},{"id":"https://openalex.org/keywords/corporate-tax-rates","display_name":"corporate tax rates","score":0.7129999995231628},{"id":"https://openalex.org/keywords/exchange-rate-variability","display_name":"exchange rate variability","score":0.9399999976158142},{"id":"https://openalex.org/keywords/financial-leverage","display_name":"leverage","score":0.460999995470047}],"concepts":[{"id":"https://openalex.org/C158016649","wikidata":"https://www.wikidata.org/wiki/Q161726","display_name":"Multinational corporation","level":2,"score":0.7939172983169556},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6291898488998413},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.5025827884674072},{"id":"https://openalex.org/C19244329","wikidata":"https://www.wikidata.org/wiki/Q208697","display_name":"Financial market","level":2,"score":0.4729321300983429},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.35014402866363525}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.2139/ssrn.584941","doi":"https://doi.org/10.2139/ssrn.584941","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.584941","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"}],"best_oa_location":{"id":"doi:10.2139/ssrn.584941","doi":"https://doi.org/10.2139/ssrn.584941","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.584941","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"score":0.5400000214576721,"display_name":"Partnerships for the goals","id":"https://metadata.un.org/sdg/17"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":20,"referenced_works":["https://openalex.org/W1555436011","https://openalex.org/W1983271309","https://openalex.org/W2004746607","https://openalex.org/W2019848063","https://openalex.org/W2027936117","https://openalex.org/W2039763557","https://openalex.org/W2067326834","https://openalex.org/W2086517784","https://openalex.org/W2086789417","https://openalex.org/W2087327686","https://openalex.org/W2088225886","https://openalex.org/W2143437037","https://openalex.org/W2158852116","https://openalex.org/W2889598875","https://openalex.org/W2955324074","https://openalex.org/W3121158707","https://openalex.org/W3121239921","https://openalex.org/W3121272490","https://openalex.org/W3123142049","https://openalex.org/W3123584745"],"related_works":["https://openalex.org/W7100874693","https://openalex.org/W1981626901","https://openalex.org/W2151699497","https://openalex.org/W2167755632","https://openalex.org/W3021297943","https://openalex.org/W7172118108","https://openalex.org/W2125842240","https://openalex.org/W3124918396","https://openalex.org/W4400731551","https://openalex.org/W1589716102"],"abstract_inverted_index":null,"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2023,"cited_by_count":1},{"year":2021,"cited_by_count":2},{"year":2020,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":3},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":3},{"year":2014,"cited_by_count":3},{"year":2013,"cited_by_count":2},{"year":2012,"cited_by_count":2}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2016-06-24T00:00:00"}