Author : Greg N. Gregoriou
Publisher : CRC Press
Page : 654 pages
File Size : 44,97 MB
Release : 2009-04-08
Category : Business & Economics
ISBN : 1420099558
Up-to-Date Research Sheds New Light on This Area Taking into account the ongoing worldwide financial crisis, Stock Market Volatility provides insight to better understand volatility in various stock markets. This timely volume is one of the first to draw on a range of international authorities who offer their expertise on market volatility in devel
Author : Suk-Joong Kim
Publisher : Elsevier
Page : 537 pages
File Size : 16,67 MB
Release : 2007-12-12
Category : Business & Economics
ISBN : 0762314710
This volume of "International Finance Review" focuses on the Asia-Pacific financial markets. A total of 22 original papers, not published elsewhere, have been selected from a competitive field. These papers utilize a variety of methods, including theoretical, empirical and qualitative to highlight a range of issues across the region. Several papers offer combinations of these different categories and among the empirical papers, there are a wide variety of datasets analyzed. While China does play a significant part in the analysis of five of the papers in this volume (this is to be expected given its importance in the region), a host of other countries are also considered. This ensures the volume is truly international in its scope. These papers each serve to contribute to the knowledge on a particular issue related to the financial markets within this region and for this volume, three main issues have been identified: integration, innovation and challenges. Articles are contributed by experts in their fields. It is truly international in scope.
Author : Martin Feldstein
Publisher : University of Chicago Press
Page : 500 pages
File Size : 46,40 MB
Release : 2007-12-01
Category : Business & Economics
ISBN : 0226241807
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.
Author : Liu, Lixian
Publisher : IGI Global
Page : 380 pages
File Size : 32,33 MB
Release : 2014-01-31
Category : Business & Economics
ISBN : 1466650486
While many nations are still struggling from the global financial crisis and regaining their financial security, investors are considering alternative options for investing their money; and the secure financial sector is China appears as a viable option. International Cross-Listing of Chinese Firms examines the successful techniques and strategies that Chinese companies are using within their financial practices. It highlights the foreign-based multinational enterprise theories related to the major international stock markets. By providing the latest theories and research, this book will be beneficial for business practitioners, researchers, and managers interested in the relationship between cross-listing and firm valuation of Chinese firms.
Author : Xiangli Liu
Publisher : Routledge
Page : 229 pages
File Size : 24,55 MB
Release : 2014-07-11
Category : Business & Economics
ISBN : 1317667662
This book studies the information spillover among financial markets and explores the intraday effect and ACD models with high frequency data. This book also contributes theoretically by providing a new statistical methodology with comparative advantages for analyzing comovements between two time series. It explores this new method by testing the information spillover between the Chinese stock market and the international market, futures market and spot market. Using the high frequency data, this book investigates the intraday effect and examines which type of ACD model is particularly suited in capturing financial duration dynamics. The book will be of invaluable use to scholars and graduate students interested in comovements among different financial markets and financial market microstructure and to investors and regulation departments looking to improve their risk management.
Author : Flora Huang
Publisher : Bloomsbury Publishing
Page : 281 pages
File Size : 50,51 MB
Release : 2023-10-19
Category : Law
ISBN : 1509949305
This significant and timely book explores a novel market mechanism, Stock Connect, which gives mutual market access to Chinese and international investors, and provides original analyses and fresh insights. This mechanism could become the new normal in future global financial integration. By examining this cross-border scheme from a regulatory perspective via a three-tiered analytical framework (investors, issuers and regulators), this book unearths the profound implications of Stock Connect to local and global financial markets and the legal impediments to its implementation. It covers a broad range of topics in this cross-boundary investment channel, including an overview of four existing connectivity arrangements (Shanghai-Hong Kong, Shenzhen-Hong Kong, Shanghai-London and China-Switzerland), the uniqueness of these connectivity arrangements, investor protection, regulations of connect issuers, regulatory cooperation and enforcement, the impacts on local and global financial markets, the implications for the world market connectivity as well as the challenges and future of Stock Connect. This pioneering study will appeal to a broad range of readers who are interested in the on-going reshaping of international financial systems and China's emerging influence in the international financial order.
Author : Jiangning Zhao
Publisher : FriesenPress
Page : 692 pages
File Size : 13,17 MB
Release : 2023-04-03
Category : Business & Economics
ISBN : 1039175031
Theoretically, the formational and developmental mechanism of Shanzhai Model (the Chintrepreneurship, the China-way of Doing Business) theorized in this text, in addition to complying with the traditionally Western dominated frameworks of risk-taking-oriented, technology-oriented, resource-oriented, and speculation-oriented – also creates the peculiar or updated characteristics, complementary and supplementary to the existing theories of entrepreneurship and strategic management. The peculiar characteristics of Shanzhai Model may be attributed to the government policy guidance, from macroeconomic level, to technology development level, and to market expansion level, through the regulated cycle process of CCP government ‘Five-Year-Plan’. Such a dynamic process of government policy system determines the dynamisms of China economy, industry and enterprises, linking the previous weaknesses into the upgrade or rectification of the next five-year-plan, forcing enterprises to obligately upgrade or adjust their business and management operations (given the absolute autocracy of China government). Practically, the imitation-based cost-saving operations on the enterprise level, the ‘Wolf Like’ clustered industry-chain operations organized by the principle of ‘Risks-Resources-Benefits Sharing’ on the industry level, and the ‘Price-to-Performance’ products advantages on the market level – together, they have been contributing to the leapfrog of China economy, by taking advantages of increasingly globalized business environment and the network (Internet) information technology system, turning China into an economic Shanzhai, corruption Shanzhai, and a political Shanzhai, imposing the ‘One Belt One Road’ hegemonism on the harmony of international community. Is it too late? The contribution of this text material may benefit MBA, Ph.D students in management, and especially benefiting to those corporate executives. Regardless of De-Globalization or De-China campaigns, the flow of business is inevitably and eternally beyond the boundaries of countries one way or another, sooner or later. Note that, a document of year-to-year government policies is prepared, interested, contact Dr. Johnny by email: [email protected]; or by phone: 001-604-773-0783, or 001-778-655-1016.
Author : National Intelligence Council
Publisher : Cosimo Reports
Page : 158 pages
File Size : 38,94 MB
Release : 2021-03
Category :
ISBN : 9781646794973
"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.
Author : Seungho Jung
Publisher : International Monetary Fund
Page : 36 pages
File Size : 30,53 MB
Release : 2021-10-22
Category : Business & Economics
ISBN : 1557759677
We investigate how corporate stock returns respond to geopolitical risk in the case of South Korea, which has experienced large and unpredictable geopolitical swings that originate from North Korea. To do so, a monthly index of geopolitical risk from North Korea (the GPRNK index) is constructed using automated keyword searches in South Korean media. The GPRNK index, designed to capture both upside and downside risk, corroborates that geopolitical risk sharply increases with the occurrence of nuclear tests, missile launches, or military confrontations, and decreases significantly around the times of summit meetings or multilateral talks. Using firm-level data, we find that heightened geopolitical risk reduces stock returns, and that the reductions in stock returns are greater especially for large firms, firms with a higher share of domestic investors, and for firms with a higher ratio of fixed assets to total assets. These results suggest that international portfolio diversification and investment irreversibility are important channels through which geopolitical risk affects stock returns.
Author : Ray, Nilanjan
Publisher : IGI Global
Page : 509 pages
File Size : 23,63 MB
Release : 2014-02-28
Category : Business & Economics
ISBN : 1466651555
The dynamic economic climate invites participants who are grounded in strategic financial management and infrastructure development. Thus, a lack of sufficient infrastructure, in both quality and quantity, often disqualifies developing countries from being key players in the global economy and influences other socioeconomic problems like unemployment, quality of work life, and quality of life. Handbook of Research on Strategic Business Infrastructure Development and Contemporary Issues in Finance discusses the efficiency of good infrastructure and its impact on socioeconomic growth and socioeconomic development in general and addresses contemporary aspects of the strategic financial management essential for accomplishing the objective of wealth maximization in today's challenging and competitive economy. This book is an essential research work for policy makers, government workers and NGO employees, as well as academicians and researchers in the fields of business, finance, marketing, management, accounting, MIS, public administration, economics, and law.
