Business Commons^™

Investing In China: Opportunity And Barriers For Foreign Investors In A Complex Chinese Economy.Pdf, Robert Geer

Robert Geer

Do Foreign Companies Pay Higher Wages Than Their Local Counterparts In Malaysian Manufacturing?, David Lim

Prof. David Lim

This paper shows that foreign companies pay higher wages than their local counterparts in Malaysian manufacturing. Step-wise regression analysis shows that this is due to two factors. The first, and perhaps the more important, is the greater capital intensity of the production processes used by foreign companies. The second is their tendency to pay wages that they consider, or that are considered to be, commensurate with the wages that they pay in their home countries. This may be called the demonstration effect of wage remuneration in less developed countries.

Synchonizing U.S. States' Strategic Plans To Increase Exports To Emerging Markets, Jayati Ghosh, Denise M. Lucy, Françoise O. Lepage

Denise Lucy

The United States seeks to increase and expand exports to emerging markets. The majority of U.S. firms (98 percent) are small to medium sized enterprises (SMEs) with only 1 percent engaging in exporting. The Federal and State Governments encourage SMEs to expand exporting through the National Export Initiative (NEI) and NEI/NEXT initiatives. This paper examines NEI’s progress and strategies by leading U.S. exporting states, export activity to BRICSA, states’ alignment with NEI and the extent to which NEI has facilitated federal and state collaboration. Further, it reviews NEI/NEXT objectives and strategies to internationalize U.S. business practices.

Foreign Investor Protection And Climate Action: A New Price Tag For Urgent Policies, Gus Van Harten

Gus Van Harten

From a climate perspective, not all investment is equal. Desirable investment in clean energy needs encouragement and protection, while undesirable investment in fossil fuels needs clear policy signals to avoid further investment in destructive activities and stranding more assets. In this paper, evidence is presented on how foreign investor protection provisions in trade and investment agreements tilt the playing field in favor of entrenched incumbents and against urgent action on climate; on the potential for a massive expansion of investor-state litigation and risks to climate policy in proposed trade deals; and on key flaws in recent European Commission proposals to …

Key Flaws In The European Commission’S Proposals For Foreign Investor Protection In Ttip, Gus Van Harten

Gus Van Harten

In November 2015, the European Commission released a proposed text on foreign investor protection in the EU-US Transatlantic Trade and Investment Partnership (TTIP). In this paper, I outline key flaws in this proposal, including language buried in the text that significantly undermines the EC's proposed provisions on the investment court system (ICS) and on the right to regulate.

Regional Innovative Capacity In China: From The Perspective Of Embedded Autonomy, Ying Zhou, Xiaohua Yang, Rachel Parker, Paul Steffens

Rachel Parker

Innovation is widely considered as the core driver of nations' economic growth and competitiveness. Since the start of economic reform in 1978, the provincial governments in China have gained much autonomy, which has led to the co-existence of multi-level innovation systems, national innovation system and regional (provincial) innovation system. With the economic development and social progress, the disparities in innovative capacity (I C) among regions in China are becoming increasingly larger. Considering the unique innovation context of China and drawing upon the research on IC, this paper proposed to employ theories of embedded autonomy and governed interdependence, which was developed …

Regional Innovative Capacity In China: From The Perspective Of Embedded Autonomy, Ying Zhou, Xiaohua Yang, Rachel Parker, Paul Steffens

Rachel Parker

Innovation is widely considered as the core driver of nations' economic growth and competitiveness. Since the start of economic reform in 1978, the provincial governments in China have gained much autonomy, which has led to the co-existence of multi-level innovation systems, national innovation system and regional (provincial) innovation system. With the economic development and social progress, the disparities in innovative capacity (I C) among regions in China are becoming increasingly larger. Considering the unique innovation context of China and drawing upon the research on IC, this paper proposed to employ theories of embedded autonomy and governed interdependence, which was developed …

The Stock Market’S Reaction To Accounting Information: The Case Of The Latin American Integrated Market Abstract, Mauricio A. Melgarejo, Eduardo Montiel, Luis Sanz

Mauricio Melgarejo

The purpose of this paper is to explore the stock market’s reaction to quarterly financial statements. We focus our study in two countries that are participating in the Latin American Integrated Market (MILA): Peru and Chile. We find that the cumulative abnormal returns and the absolute value of the cumulative abnormal trading are explained principally by the quarterly earnings surprises around the financial statements release date. We find that these effects are more pronounced in small firms, confirming that due to the lower level of pre disclosure information accounting numbers are the main source of information. Key words: Accounting Information, …

Taca, Pedro Raventos, Mauricio A. Melgarejo

Mauricio Melgarejo

The airline industry is energy intensive, has high fixed costs and its demand is very sensitive to the economic cycle. After the industry worldwide undergoes deregulation, starting with the United States in 1978, two distinct business models develop. Traditional carriers operate hub and spoke networks, offer onboard service and engage in price discrimination, whereas low cost carriers operate point to point, charge for all services and have simple tariffs. TACA begins operations in Central America in 1931 and, by 1943, has a footprint that extends from the United States to Argentina. In 1998–2001 TACA faces increased competition and a significant …

The Effect Of Language Differences And National Culture On Operational Process Compliance, John V. Gray, Brett Massimino

Brett Massimino

With increasing frequency, firms are locating their operations in disparate countries with distinct national cultures and languages. This study develops and empirically tests hypotheses relating an operation's process compliance performance to (1) the presence of a language difference between the location of the operation and that of headquarters and (2) the national culture of the location of the operation and that of headquarters. Employing an international sample of pharmaceutical manufacturing plants located primarily in Western nations, the analysis reveals that a language difference between the location of a plant and the firm's headquarters is consistently related to decreased process compliance …