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...

Foreign Direct Investment (FDI) has great impact on the development of a developing country like Bangladesh. The foreign investor seeks for new sources of investment where the developing country seeks for new sources of fund to develop the country. The FDI does not only bring sources of fund in a developing country but also new technology in a developing country. The FDI has the important role ...

Over the last six years, several arbitration panels have released opinions in a series of disputes raised by investors against Argentina. In each case, foreign investors claim that Argentina's use of price controls and currency devaluation following the 2002 economic crisis constituted a violation of bilateral investment treaty obligations. Despite the fact that most claimants make identical al...

In recent years, the Kenyan Government has initiated reforms at the Nairobi Stock Exchange aimed at transforming the exchange into a vehicle for mobilising domestic savings and attracting foreign capital investments. Consequently, the corporate financial reporting, and in particular, the level of voluntary disclosure is a vital part of the process for building investor confidence (local and for...

FII is an investor or investment fund that is from or registered in a country outside of the one in which it is currently investing. Institutional investors include hedge funds, insurance companies, pension funds and mutual funds. This study intends to evaluate the trends and patterns of FII inflows into India. It also studies the relationship between the selected macroeconomic variables and th...

Combining perspectives from the literature on institutional activism and signaling theory, we suggest that a sovereign wealth fund (SWF), owing to its distinctive properties as a government-owned foreign institutional investor, serves as an intermediary signaler, providing cues about host countries’ institutional environment to internationalizing firms. By publicizing its investments and engagi...

Emerging market economies in the nineteen nineties have experienced periods of booms followed by collapses in gross domestic product, consumption, traded and nontraded sector output and real exchange rate movements alongside unprecedented movements in foreign investor participation in these economies. An important feature of these episodes is the asymmetry in the pattern of booms and collapses....

A meaningful economic literature examines businesses’ environmental management efforts expended during the economic-political transition in Central and Eastern Europe and the former Soviet Union. Over a similar time frame as this transition, many firms in developed countries were integrating environmental components into their business strategies and finding this integration profitable. A growi...