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The paper makes two main contributions. First, it analyzes net foreign assets and liabilities in selected Arab countries over the past two decades, emphasizing the relative significance of direct versus portfolio investment. It distinguishes between foreign direct investment, portfolio equity...
Persistent link: https://www.econbiz.de/10012228180
The past two decades have seen a rapid rise in large-scale, state-led transnational investment from countries as different as China, Norway and Russia. By bundling economic resources, these countries have entered global markets through massive state-led investments. This transformation of states...
Persistent link: https://www.econbiz.de/10014423472
We consider the portfolio choice of a government with a Sovereign Wealth Fund (SWF) when government revenues depend on exhaustible resources, such as oil and gas. The question is whether the SWF portfolio should underweight shares in the resource industry. Some studies have found that these...
Persistent link: https://www.econbiz.de/10012238773
This paper focuses on the relationship between corporate governance and corporate performance by initial public offerings (IPOs) of Kazakhstan state-owned enterprises (SOEs) in the transition economies of Central Asia. It argues that privatization (i.e., IPO) has different effects depending on...
Persistent link: https://www.econbiz.de/10012212672
the way in which these funds operate in the world of finance and on the global market. The study shows that the …
Persistent link: https://www.econbiz.de/10011824155
dealing with undervalued exchange rates. This paper proposes new rules in the World Trade Organization to discipline cases of … WTO's enforcement mechanism is credible and effective. The World Trade Organization would not be involved in exchange rate … advantage of the two institutions, with the International Monetary Fund providing the essential technical expertise in the World …
Persistent link: https://www.econbiz.de/10012552459
This paper aims to examine the effect of Environmental, Social and Governance (ESG) performance on sovereign funding costs, with a focus on emerging countries, especially in Asia. We find that better ESG performance is associated with lower default risk, and therefore lower funding costs. We...
Persistent link: https://www.econbiz.de/10012175463
Persistent link: https://www.econbiz.de/10012420474
Many countries that have large surplus financial resources but contend with limited land and water resources use large-scale land acquisitions (LSLAs) in foreign countries to ensure national food security and earn long-term returns on their investments. LSLAs can provide positive direct and...
Persistent link: https://www.econbiz.de/10015375902
Persistent link: https://www.econbiz.de/10014316414