Current Issue : April - June Volume : 2018 Issue Number : 2 Articles : 5 Articles
The authors have conducted a survey to clarify FDI by Chinese enterprises in Thailand. The\naim of our research is to verify the hypothesis that avoiding trade friction is an important\ndeterminant of China�s outward FDI, through detailed investigation of individual project.\nAnother aim is to confirm the trends of exports of the items involved from both China and\nThailand. We discuss the role of FDI investment in relation to the behavior of the enterprises\ninvolved. Literatures indicate that multiple factors influence FDI, including trade barriers. We\nanalyzed individual investment data from the BOI of Thailand. We found that, during 2007 to\n2014, 94 projects out of a total of 240 intended to produce items which caused trade friction\nwhen exported from China. In fact, 12 of these 94 projects announced that they invested in\nThailand to avoid trade frictions. Based on these results, we conclude that a substantial\nportion of China�s outward FDI in Thailand is to prevent trade friction by aiming to export\nfrom Thailand. Exports of such goods from China continue to increase, whereas exports from\nThailand are stagnant. A plausible explanation is that these investments were conducted by\nless competitive enterprises in China....
International trade in Ukraine�s regions during 2016 is analyzed. The taxonomy method is\nused to carry out a multidimensional analysis of the state of trade in all regions, with the goal\nof determining their attractiveness with respect to investment and international cooperation.\nKey indicators were chosen to be: export and import of services, export and import of goods,\nbalance of the trade of services, balance of the trade of goods, and retail trade. Using the\nstandardized matrix of statistical values, provided by Ukraine�s national statistics agency, the\nlevel of development of each region was determined, as well as its rating. A comparison of\nthis year�s ratings with those of the previous two years is carried out. Based on the calculated\ninter-regional distance matrix, calculated in the context of the seven chosen parameters,\nnonlinear structures of regional connections are constructed. Using them, clusters of regions\ncan be constructed that take into account trade dynamics and other economic activity. The\nconstructed linear and nonlinear connection structure of Ukraine�s regions can become the\nbasis of fruitful cooperation in the area of trade. They can also be used when carrying out\nmutual investment projects and when regulating the exchange of goods between Ukraine�s\nregions. The determination of the regions� ratings and the nonlinear structures of their trade\nrelations can provide valuable information to investors both foreign and domestic....
This research targets to test the connotation between the helpfulness of public relation and export performance\nin Sudanese export companies; the mediating effect of commitment and trust, the data have been collected from\n150 high-ranking administrators of export company in Sudanese exporting firms. Questionnaire was used to collect\nthe data; overall response rate was 84%. Many statistic tools have been utilized, reliability test, exploratory factor\nanalysis, correlation analysis and hierarchical regression to the goodness of measures and interrelationships. The\nresults showed that public relation meaningfully influenced the export performance, also commitment and trust\nsignificantly influenced the export performance, beside the significantly association between the public relation and\ncommitment and trust....
This study empirically examines the impact of effectiveness of both corporate boards and\naudit committee on foreign ownership in selected non-financial listed companies of the stock\nmarkets in Gulf Cooperation Council (GCC) countries. The study was built on fixed effect\nmodel and conducted over the period of 2012-2015 for 143 non-financial listed companies on\nthe GCC stock markets. Our results explain that foreign ownership is positively related to the\neffectiveness of both the boards of directors and the audit committees. The implication of this\nstudy may help beneficiaries in making better policy decisions and provide guidance for\ncorporate managers on the needs of foreign investors....
This paper employs the multivariate VAR model to examine the mechanic work of price\ndiscovery process between sovereign CDS market and the associated sovereign bond market\nin contexts of five European and Asian countries, including Vietnam, Korea, Portugal, Italy\nand France from the beginning of 2008 to the end of April, 2017. The study accentuates on\nthree aspects: the short-term interaction nexus between the sovereign CDS and the\nassociated-sovereign bond market, the long-term co-movement between them and the\ndiscovery of which market plays the leading role in the pricing process. The results evidence\nthe short-run and long-run relationship for the two markets. Particularly, the empirical test\nresults support for the predominant role of the sovereign CDS market in the price discovery\nprocess in the bulk of sample entities. This might suggests for the governments to use CDS\nprices as the future indicator for predicting the volatility of debt markets....
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