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Full-Text Articles in Finance and Financial Management
Sino-Turkish Relations In A Globalising Asia-Pacific, Rosita Dellios, Nadir Kemal Yilmaz
Sino-Turkish Relations In A Globalising Asia-Pacific, Rosita Dellios, Nadir Kemal Yilmaz
Rosita Dellios
Relations between China and Turkey are quiescent. In a globalizing Asia-Pacific, however, they are unlikely to remain so. High economic interdependence in the presence of the rise of Asian and Eurasian powers suggest that China and Turkey as multiregional states have a common interest in regional cooperation. It is within this context that bilateral relations are likely to develop. China’s rapid rise means that its impact will not be confined to Pacific Asia. Increasingly, with the quest for energy security, China is setting its diplomatic compass westward to Eurasia and the Middle East. With Russia - another multiregional state - …
Motivations For Us Foreign Direct Investment, Christina Buoninfante
Motivations For Us Foreign Direct Investment, Christina Buoninfante
Honors College Theses
The purpose of this thesis is to determine US firms’ motivations for foreign direct investment and to explore to what extent US firms continue to invest into China and India. I first correlate the agricultural, industrial, and service sectors in the United States with those of China and India. I find that there is a positive relationship between the correlation of US sectors and the host country’s sectors and foreign direct investment into each sector. This supports the theory of Vernon’s product life cycle hypothesis, which explains that firms expand into lesser developed countries when their product becomes more sensitive …
Asian Corporate Governance Or Corporate Governance In Asia?, Shaomin Li, Anil Nair
Asian Corporate Governance Or Corporate Governance In Asia?, Shaomin Li, Anil Nair
Management Faculty Publications
Corporate governance has become an important issue for Chinese and Indian firms as they increasingly interact with regulators and investors from developed markets. For instance, tapping into global capital markets to raise funds to finance their domestic and international growth requires firms from China and India to demonstrate strong corporate governance credentials, so that investors do not discount their stock (LaPorta, Lopez-de-Silanes, Shleifer, & Vishny, 2000). The swift action of Chinese and Indian authorities in response to recent corporate scandals – such as the one at Satyam Computers – reveals that even governments in emerging countries such as China and …
The Customer Is King : Mutual Fund Relationships And Analyst Recommendations, Ping Liu
The Customer Is King : Mutual Fund Relationships And Analyst Recommendations, Ping Liu
Theses & Dissertations
I investigate whether the business relations between mutual funds and brokerage firms influence sell-side analyst coverage and recommendations. Using a comprehensive sample of analyst recommendations in China over the 2004-2008 period, I find that the likelihood of analyst coverage and analysts’ relative recommendations, benchmarked against consensus recommendations, are positively associated with the mutual fund business relationship. I measure the business relation by the weight of a stock in the mutual fund client’s portfolio and the commission revenue generated from the mutual fund clients. My results show that mutual funds take advantage of these optimistic recommendations by selling the stocks. I …