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Globalization Derailed? Multinational Investors' Response to the 1997 Denial of Fast-Track Trade Negotiating Authority

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  • Joanne E Oxley

    (University of Michigan Business School)

  • Karen E Schnietz

    (Rice University)

Abstract

Is globalization being derailed by opponents? Results of this event study analysis of the 1997 fast-track denial suggest that investors (1) may have perceived fast-track as a debate on globalization and (2) appear to have expected financial losses to result from the failure to enact fast-track. Regression results further support the event study findings.© 2001 JIBS. Journal of International Business Studies (2001) 32, 479–496

Suggested Citation

  • Joanne E Oxley & Karen E Schnietz, 2001. "Globalization Derailed? Multinational Investors' Response to the 1997 Denial of Fast-Track Trade Negotiating Authority," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 32(3), pages 479-496, September.
    • Handle: RePEc:pal:jintbs:v:32:y:2001:i:3:p:479-496
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    Cited by:

    1. Yener Kandogan & Jens Hiller, 2018. "Alliances in international governmental organizations, regional trade agreement formation, and multinational enterprise regionalization strategy," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 49(6), pages 729-742, August.
    2. Alexander Mohr & Christian Schumacher, 2019. "The Contingent Effect of Patriotic Rhetoric on Firm Performance," Strategy Science, INFORMS, vol. 4(2), pages 94-110, June.

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