The article exposes the shortcomings of China’s stock markets and examines the failed attempts by the government to introduce meaningful stock-market reform. China has largely avoided major policy blunders in its 25 years of economic reforms.The reform of the stock market, however, has...

This paper investigates the proposition that foreign direct investment in a high-technology industry is motivated in part by the sourcing of country-specific technological advantages embedded in foreign firms. The empirical findings show that foreign equity investment is drawn to American...

Multinational enterprises (MNEs) have responded to the open-door policies of socialist countries in recent years by investing in their economies through joint ventures. MNEs must formulate their investment strategies to control and manage the environmental risks peculiar to a traditional...