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We propose a new, valuation-based measure of world equity market segmentation. While we observe decreased levels of segmentation in many developing countries, the level of segmentation is still significant. In contrast to previous research, we characterize the factors that account for variation...
Persistent link: https://www.econbiz.de/10008784702
This paper develops a unified framework to analyze the dynamics of firm investment in countries with poor legal … technology gap predicts a sectoral pecking-order of expropriations. Long-run investment distortions may be Pareto superior … relative to persistent investment at the static optimum. The dynamics of investment and transfers depend on whether incentives …
Persistent link: https://www.econbiz.de/10010702358
In this paper we analyse the impact of policy uncertainty on foreign direct investment strategies. We also consider the …
Persistent link: https://www.econbiz.de/10005405132
integration will trigger a race between countries to attract inward foreign direct investment (FDI). It is further argued that … inward FDI (the 'elements' of the race) deviate from those of long-term efforts to develop a favourable investment climate …
Persistent link: https://www.econbiz.de/10005645346
Even European Union was considered a strong institution, US crisis covered the european area. All 27 countries UE members are involved in a hard work related to euro aria future and meanwhile in stability strategy. Concerning economic dimension of crisis gouvernments found out how vulnerable...
Persistent link: https://www.econbiz.de/10010855991
Corporate Governance relates to mechanisms through which providers of resources to the firm get their share of resources in return. Adequate governance practices help develop capital markets and assist market forces in attaining efficient contracts. Convincing evidence exists that well developed...
Persistent link: https://www.econbiz.de/10005813742
The objective of this paper is to analyze empirically the effects of foreign direct investment (FDI) on investment in … analysis and one empirical study with the methodology of investment models and econometrics techniques, I analyze the total … capital accumulation, and the indirect effect, that is the impact of FDI on domestic investment. The last one effect can be …
Persistent link: https://www.econbiz.de/10010891758
integration on investment and growth. The assessment concludes that membership will allow increases in Swedish investment ratios …. The second part of the paper provides a critical discussion of the assessment's analysis of the investment and growth … effects. It is argued that some of the assessment's conclusions regarding increases in investment ratios and growth rates are …
Persistent link: https://www.econbiz.de/10005649193
In this paper we examine the main challenges in promoting an effective market economy. While the paper ranges widely across the spectrum of economic institutions and policies, the central theme is the importance of macroeconomic stability for economic growth in the medium and long run....
Persistent link: https://www.econbiz.de/10005124132
This paper provides an empirical explanation to the observed disparity in cross-border M&A inflows to developing and developed countries over the last two decades. We show two main results. First, the disparity can be attributed to the difference in the quality of institutions between the two...
Persistent link: https://www.econbiz.de/10009363751