I review empirical research on the relation between capital markets and financial statements. The principal sources of demand for capital markets research in accounting are fundamental analysis and valuation, tests of market efficiency, and the role of accounting numbers in contracts and the...

International financial relations have largely been defined by cross-border trade, foreign direct investments, and global banking relations. This paper demonstrates that another activity, sovereign investments by special vehicles known as sovereign wealth funds, is rapidly redefining the...

This conceptual paper was written by addressing Blockchain Technology and how this technology started and is revolutionizing the present and the future. It captures literature on DeFi, Web.30, Cryptocurrency, NFT, Tokenization. This paper is prepared to support future research studies as a point...

A ‘perfect storm’ of Web 3.0 peer-to-peer infrastructure, decentralised finance (DeFi), cryptocurrencies, asset tokenization and smart contracts is set to radically transform the financial services industry. The challenge is to understand this emerging tokenization and disintermediation of...

The foreign direct investment (FDI) has become more and more important over the last couple of decades. Known to be one of the latest factors to stimulate the economic growth, affecting directly the social and regional development, the foreign direct investment is now also one of Romania's...

This paper seeks to detect (post) crisis tendencies in the international activities of state-owned enterprises (SOE) and sovereign wealth funds (SWF) and identify the main challenges posed in exploring this topic. In doing so it draws on the inductive approach and qualitative method and...

This paper goes through the existing relationship between the concept of economic development and the jurisdiction of the International Centre for the Settlement of Investment Disputes. It demonstrates how the absence of a contribution by the so called quot;investmentquot; to the development of...

This paper examines the importance of institutional quality in cross-border buyout performance. Using 2,639 cross-border buyout investments during 1998-2007 in 38 countries, we find that the higher the institutional quality of the country where the portfolio company is located, the higher the...

We examine the announcement and post-acquisition share returns of 4,000 acquisitions by U.K. public firms during 1984-1998. We include acquisitions of domestic and cross-border targets, and of both publicly quoted and privately held targets. In acquisitions of domestic public targets, abnormal...

We develop and test hypotheses derived from a multi-level theoretical framework for understanding factors shaping the credit risk and capital structure of a quintessentially Asian form of investment known as project finance. It differs from other corporate financing approaches. A project company...