This paper investigates the extent to which domestic investment in East Asian countries is financed by domestic, (East Asian) regional and global savings in order to infer the relative importance of regional vs. global capital markets in East Asia. Panel regression results show that regional saving in East Asia plays a much more important role than global saving in financing investment in the r...

During the last decade, few issues have generated as much debate among scholars, policy-makers and political activists as the relationship between economic globalization and domestic income inequality in the developed world. The central aim of this paper is to offer an empirical assessment of the impact of economic globalization on the distribution of income generated by the market and the abil...

Hedge fund flows chase alpha, yet they also follow returns attributable to traditional and exotic risk exposures. Investors appear more cognizant of exotic risks over time, with flows increasing their relative emphasis on returns from exotic betas in recent years. Investors also discriminate between which risks warrant high fees, with flows into high-fee funds being more likely to emphasize ret...

Evaluating trends and developments in the tourism accommodation industry often requires analysis of the financial viability of specific tourism accommodations. However, proprietary financial information for such accommodations is often not easily available, thus making it difficult to perform such an analysis. More importantly, this difficulty is exacerbated by the marked lack of a model or fin...

Major changes in competitive behaviour, recent dynamics in capital markets, and fundamental changes in regulatory requirements (Solvency II for European Union member countries) have placed increasing challenges on management strategy in insurance companies. Management is faced with a complex decision-making and strategic task of allocating and managing capital resources efficiently. This requir...

Fair value is considered here with respect to the two primary objectives of financial statements proposed in the joint conceptual framework that is under development by the FASB and the IASB, namely (a) informativeness—to assist providers of capital in predicting, evaluating, and comparing the amounts, timing and uncertainty of future cash flows, and (b) stewardship—to assist in evaluating how ...

Remittance inflows represent one of the most significant sources of foreign funding for most developing countries. These funds have also proven to be one of the most stable sources of external financing for developing countries during the past few decades and in the period of the last global crisis. They are much less responsive to economic cycles and economic shocks than foreign direct investm...

The application is simple and intuitive and as it is developed on a spreadsheet, very versatile. A large number of current, investment and finance decision making variables have been included in its design. At the same time, the simulation process returns to the user a significant number of output variables, structured in seven interim and annual financial statements: some orientated towards th...

WE ANAL YZE here several market configurations and argue that, in the course of their development, at least some markets moved from a network-based architecture to one based on a scopic mode of coordination. In networks, the mechanism of coordination is relational and selective; coordination emerges from passing things through the pipes that link the network nodes. A scopic mechanism, in contra...