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Global and regional spillovers in emerging stock markets: a multivariate GARCH-in-mean analysis

Beirne, J; Caporale, GM; Schulze-Ghattas, M; Spagnolo, N - 2009

This paper examines global (mature market) and regional (emerging market) spillovers inlocal emerging stock markets. Tri-variate VAR GARCH(1,1)-in-mean models are estimatedfor 41 emerging market economies (EMEs) in Asia, Europe, Latin America, and the MiddleEast. The models capture a range of...

Persistent link: https://www.econbiz.de/10009481448

FDI in Emerging Markets: A Home-Country View

Whitman, Marina von Neumann - 1999

In the 1950s and 60s, the American view of foreign direct investment(FDI) in emerging markets, then called less-developed or developing countries, was that it was desirable for three reasons: as a vehicle for economic development and a partial substitute for foreign aid; to promote economic...

Persistent link: https://www.econbiz.de/10009476856

Can Brazilian firms survive the Chinese challenge: Effects of globalization on markets, strategies, and performance

Akhter, Syed; Barcellos, Paulo Fernando Pinto - 2011

to examine the effects of globalization on markets, strategies, and performance of business-to-consumer firms in Brazil … that globalization and especially the entry of Chinese firms significantly changed market contexts in Brazil. Brazilian … profitability suffered.Originality/value ? The study contributes to the literature by showing that globalization has changed market …

Persistent link: https://www.econbiz.de/10009484492

Why Are the First Day Returns of China’s IPOs So High?

Ma, S. - 2005

We investigate the causes of the high first day returns of Chinese firms making an initial public offering (IPO) of A-shares from 1991 to 2003 on Shanghai and Shenzhen stock exchanges. Our results show an average underpricing of 175.21 percent. We argue that the IPO underpricing is an...

Persistent link: https://www.econbiz.de/10009457414

Dynamic linkages between Thai and international stock markets

Valadkhani, Abbas; Chancharat, S. - 2007

This paper investigates the existence of cointegration and causality between the stock market price indices of Thailand and its major trading partners (Australia, Hong Kong, Indonesia, Japan, Korea, Malaysia, the Philippines, Singapore, Taiwan, the UK and the US), using monthly data spanning...

Persistent link: https://www.econbiz.de/10009457622

Privatization, political risk and stock market development in emerging economies

Perotti, E.C.; Oijen, P. H. van - 2001

This paper investigates whether privatization in emerging economies has a significant indirect effect on local stock market development through the resolution of political risk. We argue that a sustained privatization program represents a major political test that gradually resolves uncertainty...

Persistent link: https://www.econbiz.de/10009460054

Privatization, political risk and stock market development in emerging economies

Perotti, E.C.; Oijen, P.H. van - 1999

Persistent link: https://www.econbiz.de/10009460189

Privatization, political risk and stock market development in emerging economies

Perotti, E.C.; Oijen, P.H. van - 1999

Persistent link: https://www.econbiz.de/10009460193

Privatization, political risk and stock market development in emerging economies

Perotti, E.C.; Oijen, P.H. van - 1999

Persistent link: https://www.econbiz.de/10009460198

Essays On Political Economy

Murgo, Daniel O - 2010

The first chapter analizes conditional assistance programs. They generate conflicting relationships between international financial institutions (IFIs) and member countries. The experience of IFIs with conditionality in the 1990s led them to allow countries more latitude in the design of their...

Persistent link: https://www.econbiz.de/10009460484