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One important success factor of foreign firms in Russia is the establishment of efficient networks with non …-market stakeholders. Stakeholder networks may help foreign firms to obtain relevant information, accelerate administrative decision …-making and reduce political risks. The objective of this study is to analyze the stakeholder networks between German investors in …
Persistent link: https://www.econbiz.de/10008540953
The International fragmentation of production processes is of rising importance. One part of this fragmentation involves the relocation of a production process from a home- to a new host country. This literature survey deals with the effects of such relocations on the home country. First of all,...
Persistent link: https://www.econbiz.de/10012724192
I review the crises and contagion literature as it has been formed during the last decade. The focus of the paper is to describe the main channels through which crises spread as they have been described in empirical studies and then present theoretical papers that support those views....
Persistent link: https://www.econbiz.de/10012731018
This paper studies the effect of sovereign credit rating changes issued by Standard and Poor's and Moody's on the cross section of domestically traded stocks. We first establish, consistent with earlier literature that analyzed similar phenomena in the U.S. (e.g. Holthausen and Leftwich, 1986; Goh...
Persistent link: https://www.econbiz.de/10012735276
The relationship between currency exchange rate risk and country risk, country development, and country geographic location are examined. Using a sample of 52 countries over the period from 1991 through 1995, results indicate that those countries with relatively high levels of country risk...
Persistent link: https://www.econbiz.de/10012789829
This study examines associations between measures of stock exchange disclosure and market liquidity at the 50 member stock exchanges of the World Federation of Exchanges. We focus on stock exchange disclosure systems (rather than actual company disclosures) because this approach links stock...
Persistent link: https://www.econbiz.de/10012710314
The summer of 2007 saw the interruption of a number of financial innovations developed over the past several decades. The event can best be understood as a manifestation of asymmetric information in an environment of rapid financial innovation. Financial innovations inexorably create conditions...
Persistent link: https://www.econbiz.de/10012751116
This paper discusses the importance of economic diplomacy for a small open economy in the case of Slovenia. Additionally, it also discusses the importance of foreign trade and foreign trade promotion for growth and development of a small open economy, in the same case. Nowadays, economic...
Persistent link: https://www.econbiz.de/10010940721
How much risk sharing takes place between regions within countries, between countries internationally, and what are the lessons for EMU? We study these questions based on regional data from the US, Canada, the UK and Italy, and national data from an international sample of 23 OECD countries,...
Persistent link: https://www.econbiz.de/10011003644
From its beginning, Asia has been an important region for the OECD in terms of its members and partners. While the region’s economic performance is still strong, structural reforms, underpinned by coherent macroeconomic polices, need to be put in place to maintain this positive momentum. This...
Persistent link: https://www.econbiz.de/10011007272