Accounting Reforms and Foreign Portfolio Investment in China: An Empirical Investigation
نویسندگان
چکیده
منابع مشابه
Foreign Direct Investment, Agglomerations and Demonstration Effects: An Empirical Investigation
Foreign Direct Investment, Agglomerations and Demonstration Effects: An Empirical Investigation* Many previous studies have shown that the localization of firms can be an important factor in attracting new foreign direct investment into a host country. What has been missing in this literature thus far, however, is an investigation into the reasons why industry clusters attract firms. We disting...
متن کاملDoes Foreign Direct Investment Affect Wage Inequality? An Empirical Investigation
We use a panel of more than 100 countries for the period 1980 to 2002 to analyse the relationship between inward foreign direct investment (FDI) and wage inequality. We particularly check whether this relationship is non-linear, in line with a theoretical discussion. We find that the effect of FDI differs according to the level of development: we depict two different patterns, one for OECD (dev...
متن کاملGravity and culture in foreign portfolio investment
a College of Business Administration, University of Akron, Akron, Ohio 44325, USA b Business School and Institute for International Integration Studies, Trinity College Dublin, Dublin 2, Ireland c Business School and Institute for International Integration Studies, Trinity College Dublin, Dublin 2, Ireland, and Glasgow School for Business, Glasgow Caledonian University Cowcaddens Road Glasgow G...
متن کاملAn information-based trade off between foreign direct investment and foreign portfolio investment
The paper develops a model of foreign direct investments (FDI) and foreign portfolio investments (FPI). FDI enables the owner to obtain refined information about the firm. This superiority, relative to FPI, comes with a cost: a firm owned by the FDI investor has a low resale price because of asymmetric information between the owner and potential buyers. The model can explain several stylized fa...
متن کاملForeign Portfolio Investment and Corporate Innovation
We investigate whether foreign institutional ownership impacts corporate innovation. Using firm-level data from 30 countries in 2001-2010, we find that higher foreign institutional ownership is associated with more investment in R&D and patents. Using the exogenous increase in foreign institutional holdings that follows a firm’s addition to the Morgan Stanley Capital International World Index, ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Asian Journal of Finance & Accounting
سال: 2017
ISSN: 1946-052X
DOI: 10.5296/ajfa.v9i2.11578