This paper investigates the relation between stock liquidity and firm performance.  We find that firms with liquid stocks have better firm performance as measured by the market-to-book ratio.  This result holds even when we include industry or firm fixed effects, control for idiosyncratic...

This private sector assessment reviews Fiji’s private sector environment in 2006–2012, against recommendations made in ADB’s 2005 Promise Unfulfilled: Private Sector Assessment for Fiji. While fiji has made considerable reform progress in a number of areas (including tax reforms,...

The paper is concerned with foreign investment in developing countries and the incentives offered to attract that investment in relation to the use of a possible future multilateral investment agreement as a commitment device over incentive levels. The existing literature has identified two...