Macro-Level Governance and International Portfolio Performance

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Publisher :
ISBN 13 :
Total Pages : 13 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Macro-Level Governance and International Portfolio Performance by : Vincent J. Hooper

Download or read book Macro-Level Governance and International Portfolio Performance written by Vincent J. Hooper and published by . This book was released on 2008 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper compares the performance of 'good governance' and 'poor governance' portfolios at the country level for a time period spanning January 1st 1995 until 31st December 2002. Comparison between the two portfolio types are made on the basis of an equally weighted and value weighted constructions. Results indicate that 'good governance' portfolios outperform 'poor governance' portfolios for both return and risk measures. For value weighted portfolios, 'good governance' exhibited by far superior performance as compared to 'good governance' equally weighted portfolios. More strikingly we find that value weighted portfolios substantially outperformed the Morgan Stanley Composite World Index and the equally weighted portfolios tracked the World Index quite effectively especially with regard to our passive international investment strategy. This country-level evidence is consistent with research that has been conducted at firm-level that supports the notion that good governance leads to superior investment performance. However investing at the country level offers the advantage of improving the risk-return trade-off of portfolios through international diversification. The results have policy relevant implications for fund managers as they can achieve superior returns by passively investing in value weighted investable country indices in countries with good macro governance environments and consistently beat returns on World Market portfolio. However, the results of this study also suggest a time-varying level of importance placed upon governance as a driver of international stock market returns which is more marked after emerging market crises. In other words, the premium paid for good governance may have already dissipated at the country level. Finally, Morgan Stanley may consider producing a 'good governance' value weighted index as a benchmark which potentially could encourage countries to enhance their governance environments to be included in the index.

Portfolio Preferences of Foreign Institutional Investors

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 47 pages
Book Rating : 4./5 ( download)

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Book Synopsis Portfolio Preferences of Foreign Institutional Investors by : Reena Aggarwal

Download or read book Portfolio Preferences of Foreign Institutional Investors written by Reena Aggarwal and published by World Bank Publications. This book was released on 2003 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt:

OECD Sovereign Borrowing Outlook 2021

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Publisher : OECD Publishing
ISBN 13 : 9264852395
Total Pages : 94 pages
Book Rating : 4.2/5 (648 download)

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Book Synopsis OECD Sovereign Borrowing Outlook 2021 by : OECD

Download or read book OECD Sovereign Borrowing Outlook 2021 written by OECD and published by OECD Publishing. This book was released on 2021-05-20 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edition of the OECD Sovereign Borrowing Outlook reviews developments in response to the COVID-19 pandemic for government borrowing needs, funding conditions and funding strategies in the OECD area.

The American Political Economy

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Publisher : Cambridge University Press
ISBN 13 : 1316516369
Total Pages : 487 pages
Book Rating : 4.3/5 (165 download)

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Book Synopsis The American Political Economy by : Jacob S. Hacker

Download or read book The American Political Economy written by Jacob S. Hacker and published by Cambridge University Press. This book was released on 2021-11-11 with total page 487 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing together leading scholars, the book provides a revealing new map of the US political economy in cross-national perspective.

International Corporate Governance

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Publisher : Emerald Group Publishing
ISBN 13 : 0857249150
Total Pages : 210 pages
Book Rating : 4.8/5 (572 download)

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Book Synopsis International Corporate Governance by : Kose John

Download or read book International Corporate Governance written by Kose John and published by Emerald Group Publishing. This book was released on 2011-03-31 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents research on corporate governance from a number of countries across the world, including the United States, Spain, Malaysia, Israel and others. This title examines many important corporate governance mechanisms, such as board characteristics, ownership structure, legal protection of shareholders, and annual general meetings.

Portfolio Structuring and the Value of Forecasting

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Publisher : CFA Institute Research Foundation
ISBN 13 : 1944960090
Total Pages : 40 pages
Book Rating : 4.9/5 (449 download)

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Book Synopsis Portfolio Structuring and the Value of Forecasting by : Jacques Lussier

Download or read book Portfolio Structuring and the Value of Forecasting written by Jacques Lussier and published by CFA Institute Research Foundation. This book was released on 2016-10-10 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Macroeconomic Effects of Public Investment

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Publisher : International Monetary Fund
ISBN 13 : 1484361555
Total Pages : 26 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis The Macroeconomic Effects of Public Investment by : Mr.Abdul Abiad

Download or read book The Macroeconomic Effects of Public Investment written by Mr.Abdul Abiad and published by International Monetary Fund. This book was released on 2015-05-04 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides new evidence of the macroeconomic effects of public investment in advanced economies. Using public investment forecast errors to identify the causal effect of government investment in a sample of 17 OECD economies since 1985 and model simulations, the paper finds that increased public investment raises output, both in the short term and in the long term, crowds in private investment, and reduces unemployment. Several factors shape the macroeconomic effects of public investment. When there is economic slack and monetary accommodation, demand effects are stronger, and the public-debt-to-GDP ratio may actually decline. Public investment is also more effective in boosting output in countries with higher public investment efficiency and when it is financed by issuing debt.

Advanced Macroeconomics

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Publisher : LSE Press
ISBN 13 : 1909890707
Total Pages : 420 pages
Book Rating : 4.9/5 (98 download)

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Book Synopsis Advanced Macroeconomics by : Filipe R. Campante

Download or read book Advanced Macroeconomics written by Filipe R. Campante and published by LSE Press. This book was released on 2021-10-11 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macroeconomic policy is one of the most important policy domains, and the tools of macroeconomics are among the most valuable for policy makers. Yet there has been, up to now, a wide gulf between the level at which macroeconomics is taught at the undergraduate level and the level at which it is practiced. At the same time, doctoral-level textbooks are usually not targeted at a policy audience, making advanced macroeconomics less accessible to current and aspiring practitioners. This book, born out of the Masters course the authors taught for many years at the Harvard Kennedy School, fills this gap. It introduces the tools of dynamic optimization in the context of economic growth, and then applies them to a wide range of policy questions – ranging from pensions, consumption, investment and finance, to the most recent developments in fiscal and monetary policy. It does so with the requisite rigor, but also with a light touch, and an unyielding focus on their application to policy-making, as befits the authors’ own practical experience. Advanced Macroeconomics: An Easy Guide is bound to become a great resource for graduate and advanced undergraduate students, and practitioners alike.

Economics of Sovereign Wealth Funds

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Publisher : International Monetary Fund
ISBN 13 : 1589069277
Total Pages : 330 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis Economics of Sovereign Wealth Funds by : Mr.Udaibir S. Das

Download or read book Economics of Sovereign Wealth Funds written by Mr.Udaibir S. Das and published by International Monetary Fund. This book was released on 2010-12-09 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book covers a wide range of topics of relevance to policymakers in countries that have sovereign wealth funds (SWFs) and those that receive SWF investments. Renowned experts in the field have contributed chapters. The book is organized around four themes: (1) the role and macrofinancial linkages of SWFs, (2) institutional factors, (3) investment approaches and financial markets, and (4) the postcrisis outlook. The book also discusses the challenges facing sovereign wealth funds in the coming years, from an inside perspective on countries, including Canada, Chile, China, Norway, Russia, and New Zealand. Economics of Sovereign Wealth Funds will contribute to a further understanding of the nature, strategies and behavior of SWFs and the environment in which they operate, as their importance is likely to grow in the coming years.

Long-Term Factors in American Economic Growth

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Publisher : University of Chicago Press
ISBN 13 : 0226209318
Total Pages : 898 pages
Book Rating : 4.2/5 (262 download)

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Book Synopsis Long-Term Factors in American Economic Growth by : Stanley L. Engerman

Download or read book Long-Term Factors in American Economic Growth written by Stanley L. Engerman and published by University of Chicago Press. This book was released on 2007-11-01 with total page 898 pages. Available in PDF, EPUB and Kindle. Book excerpt: These classic studies of the history of economic change in 19th- and 20th-century United States, Canada, and British West Indies examine national product; capital stock and wealth; and fertility, health, and mortality. "A 'must have' in the library of the serious economic historian."—Samuel Bostaph, Southern Economic Journal

OECD Multi-level Governance Studies Making the Most of Public Investment in a Tight Fiscal Environment Multi-level Governance Lessons from the Crisis

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Publisher : OECD Publishing
ISBN 13 : 9264114475
Total Pages : 202 pages
Book Rating : 4.2/5 (641 download)

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Book Synopsis OECD Multi-level Governance Studies Making the Most of Public Investment in a Tight Fiscal Environment Multi-level Governance Lessons from the Crisis by : OECD

Download or read book OECD Multi-level Governance Studies Making the Most of Public Investment in a Tight Fiscal Environment Multi-level Governance Lessons from the Crisis written by OECD and published by OECD Publishing. This book was released on 2011-08-16 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the crisis, many countries invested in infrastructure as part of their stimulus packages, and sub-national governments played an implementing role. This book examines the challenges faced in multi-level governance.

Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)

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Publisher : Springer Nature
ISBN 13 : 9464630981
Total Pages : 2160 pages
Book Rating : 4.4/5 (646 download)

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Book Synopsis Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022) by : Hrushikesh Mallick

Download or read book Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022) written by Hrushikesh Mallick and published by Springer Nature. This book was released on 2023-01-13 with total page 2160 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an open access book. 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022) to be held in Chongqing (Online) on October 14-16, 2022. As the leader of the global trend of scientific and technological innovation, China is constantly creating a more open scientific and technological innovation environment, expanding the depth and breadth of academic cooperation, and building a shared innovation community. These efforts are making new contributions to globalization and building a community with a shared future for mankind. ICEMCI aims to bring together innovative academics and industry experts in Economic Management and Cultural Industry into a common forum. We will discuss and research on areas such as International Economics and Trade, Sustainable Economic Development, Economic Statistics, Economic Policy, The impact of cultural industries on the economy, etc. ICEMCI 2022 also aims to provide a platform for experts, scholars, engineers, technicians and technology R&D personnel to share scientific research results and cutting-edge technologies, understand academic development trends, expand research ideas, strengthen academic research and discussion, and promote cooperation in the industrialization of academic achievements . With the theme "Economic Management and Cultural Industry", ICEMCI 2022 aspires to keeping up with advances and changes to a consistently morphing field. Leading researchers and industry experts from around the globe will be presenting the latest studies through papers, keynote speeches and oral presentations. We warmly invite you to participate in ICEMCI 2022 and look forward to seeing you in Chongqing !

ESG Investment

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Publisher : Brookings Institution Press
ISBN 13 : 4899742061
Total Pages : 0 pages
Book Rating : 4.8/5 (997 download)

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Book Synopsis ESG Investment by : Naoko Nemoto

Download or read book ESG Investment written by Naoko Nemoto and published by Brookings Institution Press. This book was released on 2020-02-25 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investors are increasingly integrating environmental, social, and governance (ESG) issues into their investment decisions. Currently, more than half of managed assets in Europe are linked to ESG factors, while in Japan, ESG investment has grown dramatically in recent years. In principle, ESG investment can help to bridge the gap between profit-driven investment and economic and social sustainability in Asia and the Pacific. However, a number of challenges, such as unclear and varied sustainable investment criteria, untested impacts on corporate value and social issues, and the lack of quality data cloud the potential for increasing ESG investment. This book aims to contribute to developing a framework for future analysis and monitoring to ensure the growth of ESG investment.

Investment Risk Management

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Publisher : Oxford University Press, USA
ISBN 13 : 0199331960
Total Pages : 709 pages
Book Rating : 4.1/5 (993 download)

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Book Synopsis Investment Risk Management by : Harold Kent Baker

Download or read book Investment Risk Management written by Harold Kent Baker and published by Oxford University Press, USA. This book was released on 2015 with total page 709 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investment Risk Management provides an overview of developments in risk management and a synthesis of research on the subject. The chapters examine ways to alter exposures through measuring and managing risk exposures and provide an understanding of the latest strategies and trends within risk management.

Foreign Direct Investment and the Environment

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Publisher : OECD Publishing
ISBN 13 : 9264266313
Total Pages : 139 pages
Book Rating : 4.2/5 (642 download)

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Book Synopsis Foreign Direct Investment and the Environment by : OECD

Download or read book Foreign Direct Investment and the Environment written by OECD and published by OECD Publishing. This book was released on 1999-10-08 with total page 139 pages. Available in PDF, EPUB and Kindle. Book excerpt: This conference proceedings analyses the key issues in the FDI and environment relationship.

The Challenge of “Going Out”

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Publisher : Springer Nature
ISBN 13 : 9819933269
Total Pages : 212 pages
Book Rating : 4.8/5 (199 download)

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Book Synopsis The Challenge of “Going Out” by : Henry Huiyao Wang

Download or read book The Challenge of “Going Out” written by Henry Huiyao Wang and published by Springer Nature. This book was released on 2023-11-02 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: In an attempt to make sense of the complex process of adaptation that Chinese enterprises must go through in the course of “going out”, this book provides a multidimensional analysis of the driving forces, legal and systemic hurdles, as well as the risks and opportunities that Chinese enterprises must consider as they seek greater fortunes beyond their own borders. Comprehensive surveys conducted on a range of enterprises provide the foundation for an overview of the current state of Chinese companies operating overseas and developing trends in their overseas investment. Specific topics include key challenges that companies face, their strategies and ultimate goals, as well as their practical experience in investing abroad, especially in Belt and Road countries. Also included are the insightful views of experts, scholars and entrepreneurs with a wealth of experience in transnational investment in areas related to the globalization of Chinese enterprises, including regional investment risk, overseas talent strategies, legal and compliance issues, and even the role of technology and the Internet in cross-border e-commerce, just to name a few. It is our hope that this book will help readers better understand the current state of Chinese enterprises expanding globally, but even more importantly, we hope to provide valuable information for individual enterprises looking to “go out”, helping them clarify their investment strategies, make the most of opportunities, manage challenges and take their business to the next level.

International Comparisons of Information Communication Technologies: Advancing Applications

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Publisher : IGI Global
ISBN 13 : 1613504810
Total Pages : 460 pages
Book Rating : 4.6/5 (135 download)

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Book Synopsis International Comparisons of Information Communication Technologies: Advancing Applications by : Tan, Felix B.

Download or read book International Comparisons of Information Communication Technologies: Advancing Applications written by Tan, Felix B. and published by IGI Global. This book was released on 2011-12-31 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book offers perspectives on international information management with particular emphasis on the strategies for the implementation and application of information technology in developed and developing countries"--Provided by publisher.