Showing 1 - 10 of 100
, new energy vehicles (NEVs) within China. Design/methodology/approach The broad strategic approach of two sectors within … the NEV sector in China, the pure electric vehicle (EV) and the low-speed electric vehicle (LSEV) sectors, are compared … China's future industrial growth and is heavily supported. In contrast, the LSEV sector receives no support from central …
Persistent link: https://www.econbiz.de/10010898538
Using the traditional herding measure of Lakonishok, Shleifer and Vishny (1992) (LSV) and the more recent measure of Frey, Herbst and Walter (2007) (FHW), we assess herding by French equity mutual funds between 1999 and 2005. We show that LSV herding amounts to 6.5%, while FHW herding is...
Persistent link: https://www.econbiz.de/10010930102
Recent financial crises and scandals have focused attention on the system of governance and disclosure in a way many may never have imagined and few welcomed. Not only do reforms appear to be necessary to protect shareholders as well as other stakeholders, but also to develop a different...
Persistent link: https://www.econbiz.de/10008790526
Previous studies have documented that Data Envelopment Analysis(DEA) could be a good tool to evaluate fund performance,especially the performance of hedge funds as it can incorporatemultiple risk-return attributes characterizing hedge fund's nonnormal return distribution in an unique performance...
Persistent link: https://www.econbiz.de/10008791478
This paper aims to analyze hedge fund index behavior over the 9-year period ranging from January 1994 to December 2002 with help of various statistical measures. The results indicate that hedge fund returns are not normally distributed and exhibit first order autocorrelation, a phenomenon known...
Persistent link: https://www.econbiz.de/10008793593
I present some evidence showing that the advanced economies' banks were contributing in spreading the Euro-crisis to the emerging economies. For this purpose, I test the common lender channel among other channels of contagion, by using international banking flows data. Based on a constructed...
Persistent link: https://www.econbiz.de/10010751024
This paper explains why public domestic debt composition in emerging economies can be risky, namely in foreign currency, with a short maturity or indexed. It analyses empirically the determinants of these risk sources separately, developing a new large dataset compiled from national sources for...
Persistent link: https://www.econbiz.de/10010738563
The study of the southern economies, among which emerging countries such as Brazil and several of Africa stand out, has acquired increasing international importance. In this article south-south cooperation between the South American giant and Sub-Saharan Africa is analyzed, focusing on the...
Persistent link: https://www.econbiz.de/10010820522
L'IASB a émis en 2009 l'IFRS pour les PME pour accroître la comparabilité des informations financières publiées par celles-ci. L'objectif de cet article est d'analyser les potentiels scenarios d'implémentation de l'IFRS pour les PMEs et leurs implications dans les économies émergentes,...
Persistent link: https://www.econbiz.de/10010820805
This paper examines the role of location in the relationships established between headquarters and foreign subsidiaries. The analysis focuses on new challenges faced by MNEs from mature economies, considering the growing importance of subsidiaries located in emerging countries. The empirical...
Persistent link: https://www.econbiz.de/10010543492