Tony Payan, director of the Baker Institute Mexico Center, testified on transnational labor flows and commerce at an April 10, 2017, hearing of the Texas House Committee on International Trade and Intergovernmental Affairs.
The winner’s curse — overestimating the value of an asset and therefore overpaying — is often associated with acquisitions of publicly-traded firms but not with private acquisitions. Using an event study methodology for over 22,000 private acquisitions of U.S. firms between 1985 and 2015, the authors examine a possible winner’s curse for such acquisitions, testing variables to determine what characteristics make a private company more likely to overestimate the asset's value.
The authors of this brief assert that amid mounting allegations of abuse of power at the U.S.-Mexico border, Customs and Border Protection (CBP) needs to incorporate measures to improve transparency and accountability, particularly in the matter of redressing complaints.
In this blog post, Mexico Center director Tony Payan discusses the results of Mexico's June 5 election and what they mean for the country's 2018 presidential election.
This issue brief examines the challenges of assigning military duties to Mexico's military and argues the need for a new law to govern the country's safety and security.
Fellow Ed Egan examines the outlook for high-growth, high-technology entrepreneurship in Texas for a House committee on investment and financial services.
While Mexico may indeed emerge from the recent oil price slump in better shape than most, tinkering with the solid macroeconomic foundations established by the country’s last three administrations could lead to trouble.
Just a decade ago, Texas’ venture capital investment was the third largest in the United States. Today, it has fallen to fourth and is set to slide to sixth, likely before 2016 is out.
Baker Institute experts explain how Friday's arrest of Mexican drug lord Joaquin "El Chapo" Guzman will affect the Peña Nieto administration, the Sinaloa Cartel and the Mexican government's "kingpin strategy" to destroy the cartels.
Tony Payan, Gary J. Hale, Nathan P. JonesJanuary 9, 2016