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Author : Tuan Viet Le
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (858 download)
Download or read book Three Essays on Institutions, Financial Markets and Foreign Direct Investment written by Tuan Viet Le and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Zhou, Xi
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (139 download)
Download or read book Three Essays on Foreign Direct Investment written by Zhou, Xi and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Agim Kukeli
Publisher :
ISBN 13 :
Total Pages : 314 pages
Book Rating : 4.:/5 (575 download)
Download or read book Three Essays on Foreign Direct Investment written by Agim Kukeli and published by . This book was released on 2004 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Rossitza Bouneva Wooster
Publisher :
ISBN 13 : 9780493708447
Total Pages : 194 pages
Book Rating : 4.7/5 (84 download)
Download or read book Three Essays on Firms' Foreign Direct Investment Decisions written by Rossitza Bouneva Wooster and published by . This book was released on 2002 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Wenying Jiangli
Publisher :
ISBN 13 :
Total Pages : 244 pages
Book Rating : 4.:/5 (512 download)
Download or read book Three Essays on Foreign Direct Investment written by Wenying Jiangli and published by . This book was released on 2002 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Kang-guk Yi
Publisher :
ISBN 13 :
Total Pages : 220 pages
Book Rating : 4.:/5 (318 download)
Download or read book Three Essays on Capital Account Liberalization and Economic Growth written by Kang-guk Yi and published by . This book was released on 2004 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Michal Paserman Shpiner
Publisher :
ISBN 13 :
Total Pages : 206 pages
Book Rating : 4.:/5 (14 download)
Download or read book Three Essays on Institutions and the Cost of Foreign Capital of Emerging Markets written by Michal Paserman Shpiner and published by . This book was released on 2015 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Adrian E. Tschoegl
Publisher :
ISBN 13 :
Total Pages : 480 pages
Book Rating : 4.:/5 (77 download)
Download or read book Essays in Foreign Direct Investment in Banking written by Adrian E. Tschoegl and published by . This book was released on 1980 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Ali Al-Sadig
Publisher :
ISBN 13 :
Total Pages : 464 pages
Book Rating : 4.:/5 (319 download)
Download or read book Three Empirical Essays on Foreign Direct Investment written by Ali Al-Sadig and published by . This book was released on 2008 with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Nida Abdioglu
Publisher :
ISBN 13 :
Total Pages : 171 pages
Book Rating : 4.:/5 (86 download)
Download or read book Three Essays on Institutional Investment written by Nida Abdioglu and published by . This book was released on 2012 with total page 171 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis investigates the investment preferences of institutional investors in the United States (US). In the second chapter, I analyse the impact of both firm and country-level determinants of foreign institutional investment. I find that the governance quality in a foreign institutional investor's (FII) home country is a determinant of their decision to invest in the US market. My findings indicate that investors who come from countries with governance setups similar to that of the US invest more in the United States. The investment levels though, are more pronounced for countries with governance setups just below that of the US. My results are consistent with both the 'flight to quality' and 'familiarity' arguments, and help reconcile prior contradictory empirical evidence. At the firm level, I present unequivocal evidence in favour of the familiarity argument. FII domiciled in countries with high governance quality prefer to invest in US firms with high corporate governance quality. In the third chapter, I investigate the impact of the Sarbanes-Oxley Act (SOX) on foreign institutional investment in the United States. I find that, post-SOX, FII increase their equity holdings in US listed firms. This result is mainly driven by passive, non-monitoring FII, who have the most to gain from the SOX-led reduction in firm information asymmetry, and the consequent reduction in the value of private information. The enactment of SOX appears to have changed the firm-level investment preferences of FII towards firms that would not be their traditional investment targets based on prudent man rules, e.g., smaller and riskier firms. In contrast to the extant literature, which mostly documents a negative SOX effect for the US markets, my chapter provides evidence of a positive SOX effect, namely the increase in foreign investment. In the fourth chapter, I examine the effect of SOX on the relation between firm innovation and institutional ownership. I find that US firms investing in innovation attract more institutional capital post-SOX. Prior literature highlights two SOX effects that could cause this result: a decreased level of information asymmetry (direct effect) and increased market liquidity (indirect effect). My findings support the direct effect, as I find that the positive relation between innovation and institutional ownership is driven by passive and dedicated institutional investors. A reduction in firms' information asymmetry is beneficial for these investors while they gain less from increased market liquidity. Overall, my results indicate that SOX is an important policy that has strengthened the institutional investor's support for firm innovation.
Author : Ali Al-Sadig
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (14 download)
Download or read book Three Emperical Essays on Foreign direct investment written by Ali Al-Sadig and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Wan Azman Saini Wan Ngah
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (16 download)
Download or read book Three Empirical Essays on Foreign Direct Investment, Research and Development, and Insurance written by Wan Azman Saini Wan Ngah and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Lee Kevin K.
Publisher :
ISBN 13 : 9781267537720
Total Pages : 250 pages
Book Rating : 4.5/5 (377 download)
Download or read book Three Essays on External Sources of Corporate Governance written by Lee Kevin K. and published by . This book was released on 2012 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate governance is the system by which corporations are controlled. External sources of governance include regulatory and market mechanisms as well as the interplay of goals between managers, the board, and shareholders. Other external sources can include informal institutions which can shape goals as well as suggested by institutional theory, effectively constrain human behavior. In my first essay, I argue that foreign direct investors can act as agents of change in corporate governance. Investigating changes in ownership and control of Swedish firms, I find that active foreign investors' participation move firms away from a Swedish stakeholder orientation toward an Anglo-American shareholder wealth maximization focus. In my second essay, I explore the relationship of informal and formal institutions on microfinance institutions (MFI). Investigating the outreach and performance of MFIs in developing nations, I find that strong formal institutions foster better efficiency and outreach while strong informal institutions' impact is limited to better outreach. In my third essay, I investigate the apparent lack of market discipline in the bank subordinated debt market leading up to the 2008 finance crisis. I find that subordinated debt holders were caught off guard by the suddenness and magnitude of the crisis. I argue that bank opacity created a vulnerable environment in the banking industry that contributed to this collapse.
Author : Rong-Chang Wu
Publisher :
ISBN 13 :
Total Pages : 304 pages
Book Rating : 4.3/5 (121 download)
Download or read book Three Essays on Financial Liberalization, Financial Market, and Economic Growth written by Rong-Chang Wu and published by . This book was released on 1996 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Andrew Crockett
Publisher :
ISBN 13 :
Total Pages : 62 pages
Book Rating : 4.:/5 (321 download)
Download or read book The Theory and Practice of Financial Stability written by Andrew Crockett and published by . This book was released on 1997 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jeannine N. Bailliu
Publisher :
ISBN 13 :
Total Pages : 242 pages
Book Rating : 4.:/5 (321 download)
Download or read book Three Essays on the Role of Financial Markets and Pension Systems in Economic Growth written by Jeannine N. Bailliu and published by . This book was released on 1999 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Martin Feldstein
Publisher : University of Chicago Press
ISBN 13 : 0226241807
Total Pages : 500 pages
Book Rating : 4.2/5 (262 download)
Download or read book International Capital Flows written by Martin Feldstein and published by University of Chicago Press. This book was released on 2007-12-01 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent changes in technology, along with the opening up of many regions previously closed to investment, have led to explosive growth in the international movement of capital. Flows from foreign direct investment and debt and equity financing can bring countries substantial gains by augmenting local savings and by improving technology and incentives. Investing companies acquire market access, lower cost inputs, and opportunities for profitable introductions of production methods in the countries where they invest. But, as was underscored recently by the economic and financial crises in several Asian countries, capital flows can also bring risks. Although there is no simple explanation of the currency crisis in Asia, it is clear that fixed exchange rates and chronic deficits increased the likelihood of a breakdown. Similarly, during the 1970s, the United States and other industrial countries loaned OPEC surpluses to borrowers in Latin America. But when the U.S. Federal Reserve raised interest rates to control soaring inflation, the result was a widespread debt moratorium in Latin America as many countries throughout the region struggled to pay the high interest on their foreign loans. International Capital Flows contains recent work by eminent scholars and practitioners on the experience of capital flows to Latin America, Asia, and eastern Europe. These papers discuss the role of banks, equity markets, and foreign direct investment in international capital flows, and the risks that investors and others face with these transactions. By focusing on capital flows' productivity and determinants, and the policy issues they raise, this collection is a valuable resource for economists, policymakers, and financial market participants.
