ࡱ> ; REbjbjȝȝshh l l 8T<!DDDDDTp |@!B!B!B!B!B!B!$ $&>f!E2"Tf!DD!DD @!:f,D@VYF@ !0! &6&&f!f!!&l b : -NWS"~?el'Yf[ zYef['Y~ Course Syllabus of Zhongnan University of Economics and Law Course Title: Special Topics in Foreign Direct Investment Course Code51033005Semester2Teaching Hours32Credits2PrerequisitesMacroeconomics, Microeconomics, International EconomicsInstructor InformationNameYang, Bo hg lEmailyangbo21cn@163.comInstituteSchool of Economics, ZUELApplicable ObjectInternational StudentsCourse Objectives The goal is to introduce students to the theoretical and empirical work in international finance, assist students to develop a critical perspective of the literature, and provide the tools for conducting research in this field. Major topics of discussion include exchange rate models and macro-finance, international parity conditions and deviations, international corporate finance, cross border M&A, cross border listing, multinational companies, foreign exchange risk, exposure and management. Course Description (200 words) This doctoral seminar consists of reading, presenting, and discussing articles on the general subject of International Finance, especially to Foreign Direct Investment. The articles, a mix of classics and recent papers, have been selected and organized to the course. Assessment Methods Daily presentation & participation in the course; The presentations; Final academic paper. Textbooks and ReferencesErel, Isil, Rose C. Liao, and Michael S. Weisbach. 2012. Determinants of Cross-Border Mergers and Acquisitions. Journal of Finance 67(3):10451082. Zhang, Jianhong, Chaohong Zhou, and Haico Ebbers. 2011. Completion of Chinese Overseas Acquisitions: Institutional Perspectives and Evidence. International Business Review 20(2):226238. Nocke, Volker and Stephen Yeaple. 2007. Cross-Border Mergers and Acquisitions vs. Greenfield Foreign Direct Investment: The Role of Firm Heterogeneity. Journal of International Economics 72(2):336365. Doidge, Craig, G. Andrew Karolyi, and Ren M. Stulz. 2004. Why Are Foreign Firms Listed in the U.S. Worth More? Journal of Financial Economics 71(2):205238. Nocke, Volker and Stephen Yeaple. 2007. Cross-Border Mergers and Acquisitions vs. Greenfield Foreign Direct Investment: The Role of Firm Heterogeneity. Journal of International Economics 72(2):33665. Maurice Obstfeld, Kenneth Rogo, The Six Major Puzzles in International Macroeconomics: Is There a Common Cause? NBER Macroeconomics Annual, Vol. 15, (2000), 339-390 Ragurham Rajan, and Luigi Zingales, 1995, What do we know about capital structure? Some evidence from international data, Journal of Finance 50, 1421-1460. La Porta, Rafael, Florencio Lopez-de-Silanes and Andrei Shleifer (1999). Corporate Ownership around the World."Journal of Finance, 54, 471-517 Karl Lins, and Henri Servaes, International Evidence on the Value of Corporate Diversication, Journal of Finance, Vol. 54, No. 6 (Dec., 1999), pp. 2215-2239 Li Jin, Stewart C. Myers, R2 around the world: New theory and new tests, Journal of Financial Economics, Volume 79, Issue 2, February 2006, Pages 257-292 Backus, D., Foresi, C., and Telmer, C. 2001, Ane Term Structure Models and the Forward Premium Anomaly, Journal of Finance, 56, 287-311. Bekaert, Geert, and Hodrick, Robert, 1992, Characterizing predictable components in excess returns on equity and foreign exchange markets, Journal of Finance, 47, 467-509. Lustig, H. and A. Verdelhan (2006), The Cross-Section of Foreign Currency Risk Premia and Consumption Growth Risk, American Economic Review, March 2007, vol. 97, No1, pp 89-117 Foerster, Stephen, and Andrew Karolyi, 1999, The effects of market segmentation and investor recognition on asset prices: Evidence from foreign stocks listing in the United States, Journal of Finance 54, 981-1013. Alfaro L, Antras P, Chor D, Conconi P. Internalizing Global Value Chains:A Firm-Level Analysis[J]. Journal of Political Economy, 2019, 127(2): 508-559. Hutzschenreuter T, Harhoff P L. National capital city location and subsidiary portfolio expansion: The negative effect of geographic distance to the capital city at inception on the speed of subsequent investments[J]. Journal of International Business Studies, 2020, 51(7): 1107-1132. Guvenen F, Mataloni R J, Rassier D G, Ruhl K J. Offshore Profit Shifting and Aggregate Measurement: Balance of Payments, Foreign Investment, Productivity, and the Labor Share[J]. 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