We examine the evidence from the long-run abnormal returns using data for 76 health care and biopharmaceutical initial public offerings (IPOs) listed in a 29-year period between 1986 and 2014 in the Association of Southeast Asian Nations (ASEAN) countries such as Indonesia, Malaysia, Singapore, Thailand, the Philippines, Vietnam, Myanmar, and Laos. Based on the event-time approach, the 3-year s...

This paper analyses the role of exchange rates in the competition for FDI. Based on the assumption that two countries compete for FDI from the same source country, the paper shows explicitly that the relative FDI of one country is determined by the relative real exchange rate between its currency and that of the source country. The theoretical result suggests that, if the currency of one FDI re...

With the rise of China and the implementation of the “21st Century Maritime Silk Road” strategy, research on geo-economics between China and ASEAN (Association of Southeast Asian Nations) countries has become increasingly important. Current studies mainly focus on influencing factors, while there is little consideration about how these influencing factors act on geo-economic relationships. Ther...

Over the last few years, information and communication technology (ICT) has become a key catalyst for economic growth. The durability of this is demonstrated by rapid proliferation Internet, mobile phones cellular networks across globe. However, among scholars, question exactly how spread ICT affects development FDI, especially in ASEAN countries with differences levels income, remains unanswer...

763 National Tax Journal Vol. LIV, No. 4 Abstract This empirical research extends the work of Tanzi (1987) and provides comparative 1985–99 corporate income tax (CIT) rates for 29 different countries, spanning the United States, Europe, and Southeast Asia. A common worldwide trend in CIT rates emerges. During the 1985–99 period, the top CIT rate decreased by 11 percentage points in the United S...

The capital market sector is one area of economic activity that expected to grow significantly following the adoption ASEAN Economic Community (AEC). As a result, integrating in must be top priority AEC implementation. essential criterion for creating seamless flow cash and investment integration countries' markets. total worth all outstanding shares based on their normal closing price reflecte...

This paper analyzes the e¤ects of the formation of a regional trade agreement on the level and nature of multinational …rm activity. We examine aggregate data that captures the response of U.S. multinational …rms to the formation of the ASEAN free trade agreement. Observed patterns guide the development of a model in which heterogeneous …rms from a source country decide how to serve two foreign...