The automobile industry in the ASEAN countries has expanded rapidly over the last few years. The growth potential of the ASEAN auto market and its now very major absolute importance for the industry warrant a more detailed analysis. In the following report depicts which opportunities the ASEAN...

This study uses factor analysis to simplify the complex relationships among stock markets and to reduce the number of markets required for portfolio construction. Our sample consists of the US and 11 Asia-Pacific stock markets. We find that the reduced portfolio obtained from factor analysis has...

Revenue enhancement and value creation are core issues of mergers and acquisitions (M&A). Revenue enhancing synergy associated with cross-industry M&A is supported by Asian emerging markets. Both within-industry M&A and cross-industry M&A deals realise significant positive abnormal returns. The...

Corporate Governance (CG) principles provide guidance on how corporations should operate. Adoption of international CG best practices leads to long-term sustainability and resilience, and can be a competitive tool to attract foreign investments. The Asian Development Bank in partnership with the...

This paper examines the interaction on intra-industry trade (IIT) and foreign direct investment (FDI) with special attention to the Association of Southeast Asian Nations (ASEAN). We introduce the 2×3×3 knowledge-capital model, recently proposed by Baltagi et al. (2007) and Uttama and Péridy...

This working paper provides an overview of migration policy analysis in academic and policy (‘grey’) literature for Southeast Asia, as well as a brief outline of the current migration policy environment in each of the eleven states of the region. [Working Paper No. 8].

Purpose – The purpose of this paper to examine if there is continuous macroeconomic compatibility between ASEAN-5 and China. Thus, in addition to the typical VECM test of the long run macroeconomic cointegration test, this paper examines the existence of an ongoing cointegration analysis....