Globalization Of Entrepreneurship: Policy Considerations For Sme Development In Indonesia,
2010
Sacred Heart University
Globalization Of Entrepreneurship: Policy Considerations For Sme Development In Indonesia, Balbir B. Bhasin, Sivakumar Venkataramany
WCBT Faculty Publications
SMEs are of overwhelming importance to the young and growing economies of most Southeast Asian nations, including Indonesia. The country is a vast polyglot archipelago, struggling with poverty and unemployment, poor and inadequate infrastructure, rampant corruption, insufficient capital, and unequal distribution of resources. It has recently experienced fundamental changes in political governance, regional empowerment, and economic structures as a result of the Asian Financial Crisis, coupled with widespread social unrest which resulted in the ouster of the authoritarian regime of President Suharto. This paper evaluates the existing private sector development policy in Indonesia, which has been found to be both …
The Extreme Risk Problem For Monetary Policies Of The Euro-Candidates Countries,
2010
University Library of Munich, Germany
The Extreme Risk Problem For Monetary Policies Of The Euro-Candidates Countries, Hubert Gabrisch, Lucjan T. Orlowski
WCBT Working Papers
We argue that monetary policies in euro-candidate countries should also aim at mitigating excessive instability of the key target and instrument variables of monetary policy during turbulent market periods. Our empirical tests show a significant degree of leptokurtosis, thus prevalence of tail-risks, in the conditional volatility series of such variables in the euro-candidate countries. Their central banks will be well-advised to use both standard and unorthodox (discretionary) tools of monetary policy to mitigate such extreme risks while steering their economies out of the crisis and through the euroconvergence process. Such policies provide flexibility that is not embedded in the Taylor-type …
Proliferation Of Tail Risks And Policy Responses In The Eu Financial Markets,
2010
Sacred Heart University
Proliferation Of Tail Risks And Policy Responses In The Eu Financial Markets, Lucjan Orlowski
WCBT Faculty Publications
This study draws attention to the proliferation of tail risks in financial markets prior to and during the course of the recent global financial crisis. It examines the level of tail risks in selected equity, interbank lending and foreign exchange markets in selected EU Member States in relation to the United States. The extent of tail risks is assessed by applying general error distribution (GED) parameterization in GARCH volatility tests of the examined variables. The empirical tests prove that tail risks were pronounced across all of the examined European financial markets throughout the crisis. They were also significant prior to …
Spain And The 2004 Expansion Of The European Union: A Case Of Fdi Diversion?,
2010
Claremont McKenna College
Spain And The 2004 Expansion Of The European Union: A Case Of Fdi Diversion?, Christopher M. Preston
CMC Senior Theses
With the expansion of the European Union there have been concerns over increasing competition for FDI attraction between member states. This study will examine to what extent, if to any extent at all, the admission of the Central and Eastern countries to the EU has raised completion for FDI in Spain. Spain and the CEECs will be compared in terms of advantages in FDI attraction. Ultimately, evidence and analysis will suggest that given current trend, there is no serious threat to diverting foreign assets from Spain to the CEECs.
The Shifting Geography Of Competitive Advantage: Clusters, Networks And Firms,
2010
University of Richmond
The Shifting Geography Of Competitive Advantage: Clusters, Networks And Firms, Mark Jenkins, Stephen Tallman
Management Faculty Publications
We consider the dynamics of knowledge-based sources of advantage as they move between geographical locations and multinational and other firm level networks using the specialist context of Formula 1 motor over a fifty nine year period. We suggest that shifts in competitive advantage are underpinned by the movement of both architectural and component knowledge at both the firm and cluster level, and in particular we suggest that isolated firms can both benefit from and add to cluster level knowledge. We conclude by suggesting ways in which MNEs can adapt their approach to both location and knowledge development in order to …
Tunneling As An Incentive For Earnings Management During The Ipo Process In China,
2010
Singapore Management University
Tunneling As An Incentive For Earnings Management During The Ipo Process In China, Jiwei Wang, Joseph Aharony, Hongqi Yuan
Research Collection School Of Accountancy
Using a sample of 185 Chinese IPO firms listed on the Shanghai Stock Exchange during the period 1999-2001, we show that related-party (RP) sales of goods and services could be used opportunistically to manage earnings upwards in the pre-IPO period. We also provide evidence that such behavior may be motivated by the prospect of tunneling opportunities in the post-IPO period, i.e., exploiting economic resources from minority shareholders for the benefit of the parent company. We provide evidence of one such opportunistic tunneling tool: non-repayment by Chinese parent companies of net outstanding corporate loans made to them by their newly listed …
Cyber Transportation Logistics: Architecting A Global Value-Chain For Services,
2010
University of Arkansas at Little Rock
Cyber Transportation Logistics: Architecting A Global Value-Chain For Services, Yupo Chan, Jaouad Boukachour, Chia-Chu Chiang, Madan Mohan Dey, Charles-Henri Fredouët, Hing-Po Lo, Farhad Moeeni, Albert K. Toh
Faculty Publications
In today’s global economy, products and services are provided across international borders. The sourcing of these products and services becomes an integral part of international businesses. Information, communication and transportation technologies (ICTT) have made this job significantly more streamlined. However, there is an advantage that big companies, such as Wal-Mart, have over small and medium size ones. While the big companies have the ICTT resources to source globally at will, small and medium enterprises (SME) are much less prepared to do so, resulting in a large competitive disadvantage. By contrasting SMEs with their more successful “big brothers,” we highlight the …
The Ifc's New Africa, Latin America, And Caribbean Fund: Its Worrisome Start, And How To Fix It,
2010
Indiana University Maurer School of Law
The Ifc's New Africa, Latin America, And Caribbean Fund: Its Worrisome Start, And How To Fix It, Christiana Ochoa, Patrick J. Keenan
Articles by Maurer Faculty
In April 2010 the International Finance Corporation announced the creation of the African, Latin American, and Caribbean fund, a new co-investment vehicle funded largely with commitments from sovereign wealth and pension funds. The fund's objective was to draw on the IFC and the World Bank's strengths in emerging markets to identify and support enterprises that might not otherwise have come to the attention of large investors and thereby help strengthen the private sector and alleviate poverty in some of the world's poorest countries. Unfortunately the fund has, so far, proven a disappointment. It has invested only in large corporations that …
The Impact Of Monetary Regimes On International Trade Are Eu Experiences Relevant For Asia?,
2010
Milken Institute
The Impact Of Monetary Regimes On International Trade Are Eu Experiences Relevant For Asia?, Apanard P. Angkinand, Clas Wihlborg
Business Faculty Articles and Research
We extend much research that has been devoted to the effects of the European Monetary Union (EMU) on international trade by introducing monetary regime variables in bilateral export equations with the objective of capturing the effects on trade of changes in monetary regimes relative to the pure EMU effects. To make the analysis relevant from an Asian perspective trade effects of the EU’s internal markets are also separated from EMU effects. To identify these different effects we include three groups of countries in our sample: EMU countries which are also members of the EU, EU countries outside the EMU and …
Capm In Up And Down Markets: Evidence From Six European Emerging Markets,
2010
University of Gothenburg
Capm In Up And Down Markets: Evidence From Six European Emerging Markets, Jianhua Zhang, Clas Wihlborg
Business Faculty Articles and Research
The pricing of equity in six European emerging capital markets is analysed using both the conventional CAPM and a ‘conditional’ CAPM wherein up and down markets are separated. International influences on the stock markets are also analysed. The empirical evidence from a sample of 1,131 firms from the six markets indicates that there exists a significant relationship between beta and returns when up and down markets are separated. The international CAPM performs well in some markets that have become increasingly integrated with the world market. The general implication of the analysis is that beta can be a useful risk-measure for …
Immigrant Business Enterprises: A Classification Framework Conceptualization And Test,
2010
Butler University
Immigrant Business Enterprises: A Classification Framework Conceptualization And Test, Roberto Curci, Robert Mackoy
Scholarship and Professional Work - Business
This article proposes the Immigrant Business Enterprises Classification Framework to organize immigrant-owned businesses into categories associated with different levels of business integration into a host country's mainstream business community. The article applies the framework and reports the findings of structured face-to-face interviews with 199 Hispanic business enterprises (HBEs) in Indianapolis. The authors find Hispanic-owned businesses hold different characteristics depending upon the integration category in which they are classified; the findings suggest that to support immigrant entrepreneurship, governments, business development organizations, and researchers should address category-specific challenges, opportunities, and needs.
Internationalization And Organizational Resources Of Chinese Firms,
2010
Singapore Management University
Internationalization And Organizational Resources Of Chinese Firms, Chung-Ming Lau, Hang-Yue Ngo, Daphne W. Yiu
Research Collection Lee Kong Chian School Of Business
Purpose - The internationalization of Chinese firms has been gaining importance in recent years Informed by Dunning s eclectic paradigm this paper examines the factors leading to the going international decisions of Chinese firms in the very early days of the go global call before the central government offered substantial supportDesign/methodology/approach - It is suggested that two types of organizational factors are relevant to these decisions the firm s management capability and core competencies A survey of data of chief executives from over 3 000 firms in the year 2000 was analyzedFindings - Empirical results indicate that different resources endowments …
A Study Of The Effect Of Economic Policies On The Domestic Film Market,
2010
University of Kentucky
A Study Of The Effect Of Economic Policies On The Domestic Film Market, Gyeoreh Lee
MPA/MPP/MPFM Capstone Projects
These days, the U.S. films’ market share in the world is almost 70 percent and many countries have devised various means, including import quota, screen quota, subsidy, and tax concessions to protect the domestic film industry by preserving local film’s market share against U.S. film domination. Retaining these policies has important symbolic reasons because market share of the domestic film is related to preserving each country’s cultural sovereignty. However, the effectiveness of the economic policies is murky. If the policies do not bring any advantageous effect to the domestic film industry, there is no rational justification for sticking with them. …
Can We Shop Sustainably?,
2010
University of New Hampshire
Can We Shop Sustainably?, Stacy D. Vandeveer
The University Dialogue
No abstract provided.
Facilitators And Obstacles Of Intercultural Business Communication For American Companies In China: Lessons Learned From The Ups Case,
2010
Kennesaw State University
Facilitators And Obstacles Of Intercultural Business Communication For American Companies In China: Lessons Learned From The Ups Case, Hongmei Gao, Penelope Prime
Faculty Articles
This article analyzes how the execution of business strategy for global enterprises is shaped by the dual challenges of communicating in a different national culture and working in a changing economic environment. The article develops a framework from the UPS case in China to illustrate the key components of strategy for US companies operating businesses in China. The article proposes that Chinese-American communication effectiveness can be achieved through overcoming five obstacles: cultural multiplicity, relationship/ task orientation, time concept, business style difference, and language use, while utilizing five facilitators:pragmatism, gender equality, English, American pop culture, and a "big country mentality."
Clusters And Upgrading: A Purposeful Approach,
2010
University of South Carolina
Clusters And Upgrading: A Purposeful Approach, Gerald A. Mcdermott, Héctor O. Rocha
Faculty Publications
We develop a theoretical model to investigate how backward societies can improve their upgrading capabilities by transforming existing industrial agglomerations into dynamic clusters. Our main assumptions are two: first, emerging market economies are not uniform but characterized by variety of subnational regional and sectoral organizational and institutional configurations; second, the basic building block and unit of explanation in social sciences is personal action guided by some intention, which is heterogeneous across different actors. Based on these assumptions and the literature on human motives and social networks, we develop a purposeful approach to clusters and upgrading. We argue that governments can …
Shrouded Sins: An Exploration Of Child Sex Trafficking In South Africa,
2010
Salve Regina University
Shrouded Sins: An Exploration Of Child Sex Trafficking In South Africa, Jennifer L. Kennedy
Pell Scholars and Senior Theses
Sex trafficking is a global $32 billion industry that affects hundreds of thousands of lives. A large portion of this industry belongs to child sex trafficking; a growing phenomenon that violates our children's dignity, rights and freedom. Although affecting every nation in the world, this industry has a strong hold in the Republic of South Africa. This country serves as an area of origin, transport, and destination, implicating itself in the broad child trafficking networks that reach nearly every nation, including our own. This paper seeks to explore the many facets of the child sex trafficking industry in South Africa.
How High Will Russian Aviation Fly?,
2010
Embry-Riddle Aeronautical University
How High Will Russian Aviation Fly?, Tamilla Curtis, Irina Swenson
Management, Marketing and Operations - Daytona Beach
The study provides the historical context of the Russian aviation industry reflecting the periods of its growth and decline. It reveals the competitive advantage strategies that have been implemented by the Russian government in an attempt to revivify an enfeebled nation's aeronautic industry. The paper discusses the newly formed Joint Stock Company (JSC) United Aircraft Corporation (UAC) and its strategies to break into global markets, including UAC innovative product offerings. Whether or not, the recent efforts of the Russian government serve as a fulcrum for the Russian aviation industry that will leverage Russia into the global market, remains to be …
Who Is Taking Your Business Across Borders? Harnessing Human Capital For Successful Regionalization In Asia,
2010
Singapore Management University
Who Is Taking Your Business Across Borders? Harnessing Human Capital For Successful Regionalization In Asia, Richard Raymond Smith, C. Switzer, E. Craig
Research Collection Lee Kong Chian School Of Business
As the dynamics of globalisation change, Asia has become the focal point for business growth. With the region’s immense diversity across cultures, language, politics, economic development, climate, geography, populations and resources, human capital management is perhaps the most critical and most vexing success factor for companies seeking to invest/operate/grow/expand here. To develop this report, we explored the question of successful regionalisation in Asia from a human capital perspective. We asked, What human capital challenges do business and HR leaders face in their quest to succeed in Asia? What initiatives have they launched to overcome these challenges? And what business outcomes …
Strategic Asymmetric Multicultural Alliances In Business,
2010
Antioch University - PhD Program in Leadership and Change
Strategic Asymmetric Multicultural Alliances In Business, Anthony James Scriffignano
Antioch University Dissertations & Theses
Global economics and other factors make it increasingly difficult for organizations to operate within the boundaries of one country in a rational way (e.g., leveraging best practices, profitable, achieving goals). In this study, I looked at strategic business alliances, transcending simple quid pro quo relationships to deliver ongoing partner value. I refined my study to multicultural relationships, having differing cultural identities (i.e., ideas, heritage, language, or demographics from differing geographies). Finally, I considered asymmetry (i.e., inequity in working relationship). Using a mixed-methodology design, I surveyed alliance participants and interviewed participants from selected alliances. A multi-case study addresses emergent themes of …
