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Investors' trading behaviour and stock market volatility during crisis periods : a dual long-memory model for the Korean stock exchange
Caporale, Guglielmo Maria; Karanasos, Menelaos; Yfanti, … - 2019
This study examines the impact of investors' buy and sell trades on Korean stock market volatility across two crisis events, the Asian crisis of 1997 and the 2008 global financial crash. We investigate the trading behaviour of domestic vs. foreign and institutional vs. individual investors. Our...
Persistent link: https://www.econbiz.de/10012138660
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Financial frictions and foreign direct investment : theory and evidence from Japanese microdata
Raff, Horst; Ryan, Michael; Stähler, Frank - 2015
We use Japanese microdata to examine how financial market frictions affect foreign direct investment (FDI). The Japanese land price bubble and banking trouble in the late 1980s and early 1990s serve as a quasi natural experiment to identify two possible transmission channels from financial...
Persistent link: https://www.econbiz.de/10010496990
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Prospects of regional cooperation in trade, investment and finance in Asia : an empirical analysis on BIMSTEC countries and Japan
Bhattacharya, Swapan K. (contributor);  … - 2006
Persistent link: https://www.econbiz.de/10003364179
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Asset ownership and foreign-market entry
Raff, Horst (contributor); Ryan, Michael (contributor);  … - 2006
This paper examines the link between a firm’s ownership of productive assets and its choice of foreign-market entry strategy. We find that, controlling for industry- and country-specific characteristics, the most productive firms (i.e., those owning the most assets) will enter through...
Persistent link: https://www.econbiz.de/10003301155
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Firm-specific characteristics and the timing of foreign direct investment projects
Raff, Horst (contributor); Ryan, Michael (contributor) - 2006
Persistent link: https://www.econbiz.de/10003462031
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Global engagement and returns volatility
Girma, Sourafel; Lancheros, Sandra; Riaño, Alejandro - 2015
This paper uses high-frequency data for publicly-listed Japanese manufacturing firms over the period 2000 to 2010 to show that a greater reliance on foreign market sales increases the conditional volatility of firms' stock returns. The two margins of global engagement we consider, namely,...
Persistent link: https://www.econbiz.de/10011405146
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Economy wide impact of the trade integration between Japan and India : a computable general equilibrium analysis
Bhattacharyay, Biswanath; Mukhopadhyay, Kakali - 2013
Japan and India signed the much-awaited Comprehensive Economic Partnership Agreement (CEPA) on 16th February 2011. The …, the study evaluates the economy wide impact of the proposed CEPA between India and Japan at 2020. The study has used a … India and Japan in 2020 after tariff reduction compared to Business as Usual (BAU) scenario. A marginal export growth is …
Persistent link: https://www.econbiz.de/10010227205
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Is it the gums, teeth or the bite? : effectiveness of dimensions of enforcement in curbing corruption
Capasso, Salvatore; Goel, Rajeev K.; Saunoris, James W. - 2018
Adding a new dimension to determinants of corruption, this paper examines the effectiveness of enforcement in reducing corruption. We compare the influences of latent enforcement (police, judicial, and prosecutorial employment) versus actual enforcement (conviction rates) and enforcing...
Persistent link: https://www.econbiz.de/10011926324
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The rule of law : measurement and deep roots
Gutmann, Jerg; Voigt, Stefan - 2015
This paper does three things. First, based on a limited number of theoretically established dimensions, it proposes a new de facto indicator for the rule of law. It is the first such indicator to take the quality of legal norms explicitly into account. Second, using this indicator we shed new...
Persistent link: https://www.econbiz.de/10011406570
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Economic growth and judicial independence, a dozen years on : cross-country evidence using an updated set of indicators
Voigt, Stefan; Gutmann, Jerg; Feld, Lars P. - 2014
Over 10 years ago, Feld and Voigt (2003) introduced the first indicator for objectively meas-uring the actual independence of the judiciary and demonstrated its utility in a large cross-section of countries. The indicator has been widely used, but also criticized. This paper pre-sents more...
Persistent link: https://www.econbiz.de/10010417470