Roughly 60% of all publically announced advisors to China's "Going Out" M&A transactions from 2000 to 2014 were from international financial centres (representing over 70% of deal value). Why did advisors, located so far away from both acquirer and target, manage to dominate the M&A advisory...

Do financial regulation advisors help their clients become more profitable? In this paper, we present a model where financial service firms may add to their own compliance teams or hire outside compliance advisors. We derive the conditions under which a financial services firm will want to hire...

Judging by only economic incentives, Malaysian financial institutions (particularly banks) should completely ignore the Competition Act. The data show that Malaysian banks probably benefit from anti-competitive behaviour. Political and family connections likely facilitate such behaviour. Given...

For emerging market regulators, shadow banking represents an activity which they must control. For businessmen in economies like Russia, Argentina, Saudi Arabia and Mexico, shadow banking represents an important business opportunity. By extending credit to risky (but promising) activities...

One of the primary goals of educating in economics and management (E&M) is to teach students to think for themselves rather than repeat text-book theories. Drawing upon my own teaching experiences, I will discuss a framework for tutorial-based teaching of applied E&M thinking. The paper...

How should wealth managers and private bankers find and serve the wealthy in developing countries? They should enter those countries where overall wealth is expected to grow and where the proportion of affluent people is expected to grow. This paper shows the factors within a country that...

How should convenience store operators like Thailand's CP-ALL construct its value chains? What does economic theory teach us about an under-modelled area of management theory (namely value chains)? In this paper, we use a seemingly unrelated economic model analysing Vietnam to tell us something...

This paper explores areas where Moldovan tax authorities can increase tax (revenue) collection. We find that the overall tax gap – for personal income, business, value-added, and tobacco/alcohol excise taxes – likely comes to 20 percent of GDP. We show several methods for estimating...

How far do China's property prices need to drop in order to send the country into a recession? What does this question tell us about the way Bubble Economies work? In this paper, we develop a theory of Bubble Economics - non-linear and often “systemic” (in the mathematical sense of the word)...

Wang Jian-lin, the CEO of Dalian-Wanda – one of China's largest real estate developers – had a decision to make. Should China's richest person focus on the real estate segments his company has pursued so successfully hand-in-hand with the Chinese government? Or should be abandon his past in...