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

Joanne Oxley and Karen E Schnietz
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Karen E Schnietz: Rice University

Journal of International Business Studies, 2001, vol. 32, issue 3, 479-496

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

Date: 2001
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