This paper assesses the importance of infrastructure availability in the host developing country in increasing its attractiveness for overseas investors. I also take into account market size, economic development, macroeconomic stability, regional and income groupings, ability of the people to speak an international language and access to sea. Using annual data for a panel of 90 developing coun...

Using France as a case study, the paper tries to explain for the presence of Chinese firms, assesses in detail factors influencing their activities and provides a tentative assessment of the impacts. The paper argues that the concerns expressed about the presence of Chinese investors are so far wholly misplaced for a number of reasons. Firstly, Chinese outward direct investment (ODI) is still e...

Although two classes of shares on the same Chinese companies differ only in that the A-share class trade in Yuan and the B-share class in dollars, the B-shares have traded at a significant and persistent discounts to the A-shares since inception of the B-share market in the early 1990s. The persistence of the discount has been a puzzle. We find that liquidity differences between the less liquid...