Interactions between economic development and financial development are studied by looking at the roles of financial institutions in selecting R&D projects (including for both imitation and innovation). Financial development is regarded as the evolution of the financing regimes. The...

In a first step, more generally, the concept of institutional arbitrage within the comparative capitalism literature is put to a test: as a result of comparative institutional advantages due to different investment incentives provided by types of institutions, companies relocate activities to...

Because China's transformation process is complex and remains open-ended, there are many partial answers provided to the many questions asked by foreign observers and Chinese people alike about where China is heading. The argument here is that it is wrong to assert China's coming collapse, just...

We survey recent research on emerging markets (EM) within the fields of economics, finance, international business and management. To do this, we reconfigure the Journal of Economic Literature (JEL) classification system to provide a comprehensive list of the topics that have been studied, and...

This paper analyses European Union FDI flows into the CEECs at a sector level, which is currently the less studied aspect of this issue. The aim is to understand whether and to what extent FDI in different sectors reacts to the same characteristics of the host countries. The paper first presents...

In a first step, more generally, the concept of institutional arbitrage within the comparative capitalism literature is put to a test: as a result of comparative institutional advantages due to different investment incentives provided by types of institutions, companies relocate activities to...