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Full-Text Articles in Business
The Defensive Expansion Approach To Multinational Banking: Evidence To Date, Barry Williams
The Defensive Expansion Approach To Multinational Banking: Evidence To Date, Barry Williams
Barry Williams
This paper integrates the defensive expansion hypothesis in multinational banking with the internalisation approach to the multinational enterprise. This framework is then used to structure a review of the literature to date regarding the proposition that multinational banks follow their clients abroad, otherwise called the defensive expansion hypothesis. Both theoretical and empirical issues relevant to the study of the defensive expansion hypothesis are canvassed. The paper concludes that the defensive expansion hypothesis is best modelled using firm level data, and that investment measures are a preferred proxy for following clients. Furthermore, studies considering the defensive expansion hypothesis should control for …
Market Efficiency And The Returns To Simple Technical Trading Rules: New Evidence From U.S. Equity Market And Chinese Equity Markets, Gary Gang Tian, Guang Hua Wan, Mingyuan Guo
Market Efficiency And The Returns To Simple Technical Trading Rules: New Evidence From U.S. Equity Market And Chinese Equity Markets, Gary Gang Tian, Guang Hua Wan, Mingyuan Guo
Faculty of Commerce - Papers (Archive)
Numerous studies in the finance literature have investigated technical analysis to determine its validity as an investment tool. This study is an attempt to explore whether some forms of technical analysis can predict stock price movement and make excess profits based on certain trading rules in markets with different efficiency level. To avoid using arbitrarily selected 26 trading rules as did by Brock, Lakonishok and LeBaron (1992) and later by Bessembinder and Chan (1998), this paper examines predictive power and profitability of simple trading rules by expanding their universe of 26 rules to 412 rules. In order to find out …
Cpa Expert 2002 Summer, American Institute Of Certified Public Accountants
Cpa Expert 2002 Summer, American Institute Of Certified Public Accountants
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No abstract provided.
Cpa Expert 2002 Spring, American Institute Of Certified Public Accountants
Cpa Expert 2002 Spring, American Institute Of Certified Public Accountants
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No abstract provided.
Cpa Expert 2002 Winter, American Institute Of Certified Public Accountants
Cpa Expert 2002 Winter, American Institute Of Certified Public Accountants
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No abstract provided.