Open Access. Powered by Scholars. Published by Universities.®
- Discipline
-
- Economics (25)
- Law (25)
- Social and Behavioral Sciences (25)
- Education (22)
- Political Science (22)
-
- Business Law, Public Responsibility, and Ethics (4)
- Corporate Finance (3)
- Law and Economics (2)
- Operations and Supply Chain Management (2)
- Organizational Behavior and Theory (2)
- Strategic Management Policy (2)
- Agribusiness (1)
- Banking and Finance Law (1)
- Business Organizations Law (1)
- Business and Corporate Communications (1)
- Comparative and Foreign Law (1)
- Criminology and Criminal Justice (1)
- Finance and Financial Management (1)
- Growth and Development (1)
- Industrial Organization (1)
- Legal Studies (1)
- Management Sciences and Quantitative Methods (1)
- Political Economy (1)
- Keyword
-
- Anti-corruption - Articles (9)
- Anti-Corruption - Powerpoints (6)
- Anti-corruption (6)
- Investment (4)
- Corporate Social Responsibility (3)
-
- Customs (3)
- Economic Modelling Series (3)
- Economics - Powerpoints (3)
- Others (3)
- Anticorruption (2)
- China (2)
- Corruption (2)
- Hong Kong (2)
- Trade facilitation (2)
- WCO (2)
- Wealth management (2)
- 3D printing (1)
- 7-Elevent (1)
- Additive manufacturing (1)
- Aerotropolis (1)
- Agglomeration (1)
- Anticorruption industry (1)
- Antitrust (1)
- Arab (1)
- Armenia (1)
- BEEPS (1)
- Big bang reform (1)
- Broker-dealer (1)
- CAPM (1)
- CPALL (1)
- File Type
Articles 1 - 30 of 33
Full-Text Articles in Business
Malta Financial Services Part Ii, Bryane Michael
Malta Financial Services Part Ii, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
These are the slides for the Malta presentation.
What Determines M&A Legal And Financial Advisors' Competitiveness In An International Financial Centre: Using China's Going Out Policy As A Natural Experiment, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
How can legal and financial advisors compete in the global market for M&A mandates? In this presentation, we review the arguments made in our paper.
Modelling Course Iv, Bryane Michael
Modelling Course Iv, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
These again are more Sticky Notes -- not real publications.
Cp All And The Case Of Value Web Creation, Bryane Michael
Cp All And The Case Of Value Web Creation, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
How should convenience store operators like Thailand’s CP-ALL construct its value chains? What does economic theory teach us about the an under-modelled area of management theory (namely value chains)? In this paper, we use a seemingly unrelated economic model analysing Vietnam to tell us something about the conglomerates running convenience stores licenses like CP-ALL. We find that convenience stores may not want to raise capital from Thai banks and the Bangkok stock market when labour productivity exceeds capital’s. We also find that inefficiencies inherent in Thai markets may significantly reduce the optimal size of a convenience store operator like CP …
Does “Get Big Fast” Apply To The Nitrogenous Fertilizer Sector?, Bryane Michael
Does “Get Big Fast” Apply To The Nitrogenous Fertilizer Sector?, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
The nitrogenous fertilizer segment hardly represents the most glamorous sector – even if it represents one of the most important. Simply put, we could not eat (or live) without nitrogen feeding our crops. Yet, economists have paid little attention to modelling this boring yet vital market segment. In this paper, we provide a model of the nitrogenous fertilizer sector (SIC codes 2870-3). We develop a simple dynamic model of segment profitability as a function of revenue in a differential equations framework. We show that any strategy to “get big fast” (in revenue terms) depends on structural factors affecting firm profitability. …
Does Financial Market Development Explain (Or At Least Predict) The Demand For Wealth Management And Private Banking Services In Developing Markets?, Bryane Michael, Christopher Hartwell, Gary Ho
Does Financial Market Development Explain (Or At Least Predict) The Demand For Wealth Management And Private Banking Services In Developing Markets?, Bryane Michael, Christopher Hartwell, Gary Ho
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
How should wealth managers and private bankers find and serve the wealthy – particularly in developing countries? Several banks and consulting firms provide market sizing estimates for the number of high net worth and ultra-high net worth individuals. However, it is still an open question whether financial management services actually create wealth (or increase the number of wealthy persons). How can financial advisors know if, on a macro-level, their service offerings grow their collective assets under management and increase their prospect numbers? In this paper, we find evidence that advanced wealth management and private banking services might help grow a …
The Competition Act Of 2010: What Effect Will The Act Likely Have On The Supply And Prices Of Goods And Services In Malaysia?, Bryane Michael
The Competition Act Of 2010: What Effect Will The Act Likely Have On The Supply And Prices Of Goods And Services In Malaysia?, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
This presentation provides an overview of the likely effects of Malaysia's 2010 Competition Act.
What Effect Does Financial Law Have On The Wealth Management Industry (And Wealth) In Emerging Markets?, Bryane Michael
What Effect Does Financial Law Have On The Wealth Management Industry (And Wealth) In Emerging Markets?, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
What effect does financial law have on wirehouses' ability to gather customers and their assets in emerging markets? In this presentation, I look at the data showing the primal importance of law in explaining wealth managers' ability to gather assets. I present a synthesis of some of the research on legislative/regulatory change and the growth of the wealth management industry.
Can The Hong Kong Icac Help Reduce Corruption On The Mainland?, Bryane Michael
Can The Hong Kong Icac Help Reduce Corruption On The Mainland?, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
Hong Kong’s Independent Commission Against Corruption (ICAC) serves as the example par excellence of a successful anti-corruption agency. Yet, the Agency works in one of the more corrupt jurisdictions world-wide (the People’s Republic of China). To what extent can the ICAC – and the Prevention of Bribery Ordinance (POBO) which regulates its work – contribute to reductions in corruption on the Mainland? In this paper, we look at the ways in which the ICAC – technically a Chinese agency (albeit operating in a legally independent jurisdiction) – can help to reduce and prevent corruption on the Mainland. We find that …
Bringing Manufacturing Home: Implications For Emerging Markets Of The Reindustrialisation Of The Core Oecd, Bryane Michael
Bringing Manufacturing Home: Implications For Emerging Markets Of The Reindustrialisation Of The Core Oecd, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
Will new technologies and policies bring manufacturing back to the US, Western Europe and Japan (or the core OECD)? Despite what the media pundits have told us, such manufacturing never really left (though many of the jobs did). The core OECD and its manufacturing companies already lead the world in industrial manufacturing. Much of the growth in emerging markets like China represents market expansion rather than stealing work from the core OECD. Moreover, both developed and emerging market manufacturers are not locked in a race to sell more, higher-valued manufactured goods. Even advanced market manufacturers sought to expand their low-valued …
Last Of The Tai-Pans: Improving The Sustainability Of Long-Term Financial Flows By Improving Hong Kong’S Corporate Governance, Bryane Michael
Last Of The Tai-Pans: Improving The Sustainability Of Long-Term Financial Flows By Improving Hong Kong’S Corporate Governance, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
Hong Kong leads the rank tables as an international financial centre. However, the data indicate that some parts of her corporate governance arrangements probably detract from – rather than contribute to – that leading position. In this brief, we show how excessive shareholding concentration, probably self-dealing, insufficient minority shareholder recourse to mechanisms aimed at protecting their investments, and Hong Kong’s close links with several “tax havens” probably weaken Hong Kong’s role as an international financial centre. We present 18 recommendations aimed at increasing the volume of international financial capital coming to the city by improving Hong Kong’s corporate governance.
Last Of The Tai-Pans: Corporate Governance In Hong Kong, Bryane Michael
Last Of The Tai-Pans: Corporate Governance In Hong Kong, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
How can corporate governance facilitate investment in Hong Kong? In this presentation, I review the main findings of a longer working paper.
Interview With Thompson Reuters, Bryane Michael
Interview With Thompson Reuters, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
Interview with Informer Magazine
Hong Kong Sponsors Should Have Little To Fear From Proposed Sfc Rules, Bryane Michael
Hong Kong Sponsors Should Have Little To Fear From Proposed Sfc Rules, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
New rules threaten to increase the legal liability of IPO sponsors in Hong Kong. What effect will the new rules have the IPO market in Hong Kong --- and the sponsors who prepare the new issue? We argue that the new rules -- rather than hindering the IPO market -- promise to deepen it. We review (for the lay-person) the relevant law, previoius econometric studies in the area, and provide conclusions.
The Middle Eastern Wealth Management Industry: Boon Or Bust?, Bryane Michael
The Middle Eastern Wealth Management Industry: Boon Or Bust?, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
The wealth management industry in the Middle East and North Africa (MENA) represents a roughly $800 billion opportunity. Yet, tapping this opportunity will require new strategies by the wirehouses looking to penetrate into this market. In this paper, we argue that Middle-Eastern policymakers and bankers will need to develop an indigenous wealth management industry which keeps the super-wealthy’s investments at home. Developing a local national wealth management industry requires letting in foreign competition, changing banking and securities laws, and growing local companies whose share are worth buying. We show why Turkey has succeeded in growing a nationally and internationally competitive …
Who Is Your Company? Where To Locate To Compete In Emerging Markets, Bryane Michael
Who Is Your Company? Where To Locate To Compete In Emerging Markets, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
Who’s your city? For companies in the developing world, this question determines their market sizes, access to innovative ideas, regulatory environment and proximity to innovative staff. In this brief, we identify the most attractive metropolitan areas to locate in to sell in emerging markets. Taipei, Istanbul, Johannesburg, Santiago, Buenos Aires, Sao Paulo, St. Petersburg, Moscow, Shanghai and Beijing comprise our top 10 list. Close runners-up include Bangkok, Kuala Lumpur, Mumbai, Cairo and others. We describe how companies can work with local governments to provide a more attractive business environment in these emerging metropoli. Some ways including providing resources for airport …
The Prosecution And Confiscation Of The Proceeds Of Illicit Enrichment, Bryane Michael
The Prosecution And Confiscation Of The Proceeds Of Illicit Enrichment, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
These training slides show prosecutors and judges how to find and recover the proceeds of corruption (under Macedonian law as a practical example).
Customs Facilitation And Anti-Corruption (Wco Presentation), Bryane Michael
Customs Facilitation And Anti-Corruption (Wco Presentation), Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
This presentation reviews the findings of our paper "Do Customs Trade Facilitation Programmes Help Reduce Customs-Related Corruption?" presented in Abu Dhabi at the WCO meeting.
What Does Kosovo Teach Us About Using Human Rights Law To Prosecute Corruption Offences?, Bryane Michael
What Does Kosovo Teach Us About Using Human Rights Law To Prosecute Corruption Offences?, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
If a patient must pay a bribe to obtain life-saving surgery, does the doctor’s solicitation of a bribe represent a violation of the victim’s human rights? This paper explores the ways in which anti-corruption practitioners can look to various provisions in human rights law in order to prevent or prosecute corruption-related offences. We use Kosovo as a case study because its constitution gives direct effect to the major international human rights conventions. We find -- using Kosovo as a case study -- that some types of corruption lead to separately prosecutable human rights offences. We also find that pre-existing violations …
What Do We Know About Corruption (And Anti-Corruption) In Customs?, Bryane Michael, Nigel Moore
What Do We Know About Corruption (And Anti-Corruption) In Customs?, Bryane Michael, Nigel Moore
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
What are the lessons from anti-corruption programmes in Customs agencies over the last 20 years? The data suggest that many of the usual activities -- like codes of conduct and posters do not work. Internal inspectorates, and particularly internal audit, has a large effect on reducing corruption. A review of the literature and best practice presented.
Do Customs Trade Facilitation Programmes Help Reduce Customs-Related Corruption?, Bryane Michael, Frank Ferguson, Alisher Karimov
Do Customs Trade Facilitation Programmes Help Reduce Customs-Related Corruption?, Bryane Michael, Frank Ferguson, Alisher Karimov
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
Customs-related corruption costs World Customs Organisation (WCO) members at least $2 billion in customs revenue each year. Using recent data only about bribe payers’ actual experiences in paying bribes, we show that trade facilitation would only help reduce corruption and improve efficiency – in a large number of customs agencies -- if the customs agency’s director undertakes a big-bang approach to reform. We also find support for the corruption clubs theory – that customs agencies in the process of reform are either moving toward OECD levels of integrity and efficiency; or they are sliding toward a “red zone” group of …
Foreign Under-Investment In Us Securities And The Role Of Relational Capital, Bryane Michael
Foreign Under-Investment In Us Securities And The Role Of Relational Capital, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
Over 70 academic papers attempt to explain why foreigners invest in US securities. All ignore the vital role of the US broker-dealer. Macroeconomic factors like a trade balance or corporate governance may guide foreign investors toward certain markets. But US broker-dealers provide information to foreign investors and execute the actual trades. We hypothesize that particular foreign investors under-invest in US securities because of a lack of relational capital with US broker-dealers. We find that broker-dealer marketing intensity in foreign markets partly explains foreigners’ decisions to invest in US securities. We also estimate “pent-up” demand for US securities in developing countries …
The Size And Structure Of Government, Bryane Michael, Maja Popov
The Size And Structure Of Government, Bryane Michael, Maja Popov
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
Does government size and structure adapt to changes in government’s organisational environment (particularly to uncertainty and complexity) as predicted by organisational theory? We find – using a range of statistical analyses – support for each of the major theories of organisation adaptation (the contingency-based view, resource-based view, and rational choice view). We find that both government size and structure change – holding other factors constant – for changes in the uncertainty and complexity of governments’ organisational environments. We find seven clusters of governments which adapt their organisational sizes differently in response to changes in the uncertainty and complexity of their …
Raising Revenue Through Fighting Corruption In Customs, Bryane Michael
Raising Revenue Through Fighting Corruption In Customs, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
I gave this presentation at a WCO meeting in Brussels. Please contact for more accurate data on corruption estimates (I had to rescale some of the estimates for reasons of confidentiality).
Issues In Anti-Corruption Law: How Can Code Of Conduct Laws Be Drafted In Order To Reduce Corruption In A Public Sector Like Romania’S?, Bryane Michael
Issues In Anti-Corruption Law: How Can Code Of Conduct Laws Be Drafted In Order To Reduce Corruption In A Public Sector Like Romania’S?, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
International organisations, like the UN and EU, have encouraged their member states for years to increase civil servants’ compliance with particular codes of conduct. Romania represents probably one of the most advanced countries in attempting to legislate on civil servant ethics through its Code of Conduct Law. Yet, the Romanian Code of Conduct Law possesses significant weaknesses, emanating both from the inherent difficulties of using hard law in a soft law area (like civil servants’ ethics) and the Law’s silence as to specific procedures which government agencies should use in implementing the Law. Given these weaknesses, Romanian government agencies should …
The Evolution Of The Anti-Corruption Industry In The Third Wave Of Anti-Corruption Work, Bryane Michael
The Evolution Of The Anti-Corruption Industry In The Third Wave Of Anti-Corruption Work, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
Work on anti-corruption has changed significantly in the mid-1990s -- reflecting a "third wave" of anti-corruption work. If the first and second waves of anti-corruption work reflected the marketisation of anti-corruption projects, the third wave reflects the direct cross-border co-operation between law enforcement agencies (particularly in the European Union). The first part of this paper reviews the literature and the data we consulted in our (rather informal) study. The second part traces the evolution of the anti-corruption industry across time – showing the beginning of each new wave as a “structural break” in the organisational structure of project delivery. The …
Extradition Law And The Ukraine: Looking For Principles In The Echr's Case Law, Bryane Michael
Extradition Law And The Ukraine: Looking For Principles In The Echr's Case Law, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
This presentation provides a review of ECHR's case law since 2005 related to extradition cases. The Ukraine represents one of leading countries in the Strasbourg's court for human rights violations involving extradition cases. The presentation offers concrete ways which the Ukrainian authorities can help bolster human rights in its processing of extradition cases.
Issues In Anti-Corruption Law: Can An Activist Regulatory Stance Overcome Legislative Problems In Preventive Anti-Corruption Agencies Like Montenegro’S?, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
Article 6 of the UN Convention Against Corruption requires that signatory states establish an anti-corruption agency (or agencies) responsible for preventing corruption. However, the Convention – and legal scholarship in general – provides little direction about how such agencies should be organised. Moreover, the piece-meal nature of anti-corruption legislation in most developing countries makes the efficient operation of such agencies difficult to impossible. This article argues that regulatory instruments can help overcome the inherent weaknesses of legislative governing many anti-corruption agencies. Using the Montenegro’s Directorate for Anti-Corruption Initiatives (DACI), I show how the design of a regulation – relying on …
Mutual Legal Assistance For Accession And Enp Countries, Bryane Michael
Mutual Legal Assistance For Accession And Enp Countries, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
This presentation provides a strategy for adopting the provisions related to mutual legal assistance in ETS 182 for accession and ENP countries.
Use Of Functional Reviews And Audits In Eastern European Public Administration, Bryane Michael
Use Of Functional Reviews And Audits In Eastern European Public Administration, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
This presentation provides an overview of the internal audit methodology as applied to functional reviews and audits in the public sector. Specific examples and cases given (and critiques of the classical way of conducting these reviews).