Assuming that financial reforms continue to be implemented in emerging countries, forecasts and estimates are developed that show aggregate amounts of financial assets that can exist in the future. A scenario is presented in which world financial assets reach $700 trillion. This includes...

An overview of the main elements of Finance theory beginning with Markowitz and applying widely accepted techniques of analysis to financial decisions in companies and investment portfolios. Intended to be accessible to non specialists

A landmark study of the venture capital sector in Chile after a dozen years of successes, partial successes, and frustrating near-misses. Based on field interviews with entrepreneurs and venture capitalists. Detailed interviews and raw data available from the authors

The Harvard Institute for International Development provided consulting to government ministries in Kenya during the Daniel Arap Moi regime. This report was one of several that were prepared during that multi-year consultancy. It should be understood in the context of Kenya's development as a...

Evidence that option trading can influence the prices of the underlying common stocks is discussed. This research was conducted in the time frame 1981-1982 and that was before there were many articles about deviations from efficient-market pricing. Stock prices were believed to fluctuate without...

Nontraditional export development has been a rallying cry in emerging countries. This recounting of the stages that a new export firm passes through derives from observations in the field. It treats the exporter as an entrepreneur and uses the experience of start-ups to help the entrepreneur...