Determinants of Investment in Emerging Markets

ISBN-13: 9783639148725 / Angielski / Miękka / 2009 / 80 str.

Burak Evren

Opis

I analyze the impact of three institutional factors(legal origin, perceived corruption level andownership structures) on the cash flow sensitivity ofinvestment in ten emerging markets (Hong Kong,Indonesia, India, Korea, Malaysia, Philippines,Singapore, Taiwan, Thailand and Turkey.). Common Laworigin countries and countries which reveal a lowlevel of perceived corruption indicate economicallyand statistically lower sensitivities. The impact ofownership is less conclusive, which is likely to be aconsequence of complex structure.

O autorze

Mag. Burak Evren
Ph.D. in International Business Administration, University of
Yeditepe, Istanbul, Turkey;
Bsc. and MSc. in Economics, University of Vienna, Austria. Major:
Industry Economics and Corporate Finance.
Occupation:Research Assistant, Department of Business
Administration, University of Yeditepe, Istanbul, Turkey