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The present article examines the dynamic linkages between the stock markets of Bangladesh, India, Pakistan and Sri Lanka using a temporal Granger causality approach by binding the relationship among the stock price indices within a multivariate cointegration framework. We also examine the...
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This paper examines the effect of host-location financial development (HFD) on foreign direct investment (FDI) in 166 Chinese cities between 2003 and 2009. Using pooled panel and generalized two-stage least square estimators, we find a complementary HFD-FDI nexus, and that this is particularly...
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firm innovation. To do so, we create a panel dataset by matching official China Top Brand Award recipients to the … innovation outputs of listed companies. Results from difference-in-differences estimates show that firms that received the China … the China Top Brand Award on innovation outputs operate through higher government subsidies to winning firms. We also find …
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