Foreign direct investment (FDI) is an integral part of national development strategy throughout the developing world. However, while traditionally strategies have focused on the role of inward flows only, today, outward FDI is used on a larger scale and more deliberately to access markets and...

This paper presents a simple framework of the innovations that result from interfirm learning through exchanges of engineers in upstream-downstream relations within a production chain. To examine the framework, we empirically investigate the impact of mutual knowledge exchanges on product and...

This study examines the extent of managers' opportunistic behaviour in influencing their own executive stock incentive plans in an emerging market economy, namely, China. Using a sample of 53 stock incentive plans in Chinese publicly listed companies during 2006-2007, we find a significant...

The purpose of this paper is to examine how users of company annual reports in the emerging market of Egypt view those reports, and to compare the results with the findings of Mirshekary and Saudagaran (2005) in Iran. Each study is based on a survey of different but comparable user groups in the...

Considerable effort has been put into developing sustainability assessment frameworks for biofuel production in developing countries. Nevertheless, their successful implementation remains problematic in sub-Saharan Africa. To address this challenge in this paper, through a thorough examination...

This paper extends the Symeonidis's (2003) oligopoly model to discuss how FDI spillovers that decrease the quality difference between vertically differentiated products of home and foreign firms affect the home firm's decision on plant location. This paper shows that whether the degree of...

The purpose of this paper is to examine how local market factors influence the choice of the mode of market entry of MNCs in emerging economies and to propose a framework that will guide companies when making their entry decisions. It is based upon a thorough review of the literature and a...

China, India, and South Africa have recognized the importance of renewable electricity for their future development. In this paper, we investigate the experience of the three countries in applying generation-based policies to promote renewable electricity. We show that they have developed...

The purpose of the paper is to evaluate the validity of purchasing power parity (PPP) for eight countries from the Emerging Europe: Hungary,Czech Republic, Poland, Romania, Lithuania, Latvia, Serbia and Turkey. Monthly data for euro and U.S. dollar based real exchange rate time series are...