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This paper introduces a new finding on the composition of the investor base for government securities in the G20 advanced economies and the euro area.During the last decades, investors from abroad have increased their presence in government bond markets, whereas, the European debt(financial)crisis broke this trend.Furthermore, This paper attempts to address three of the myriad of questions that have arisen from the newly gained attention to the investor base.1.Which investor groups hold what exposure to government securities? 2.Is there a link between the investor base and bond pricing?3.What...

In our findings, we link resource dependence theory to our findings to explain why China investment(CI) plays an important role in foreign diversification, especially in China. When TMNEs extend diversification activities, they can seek opportunities and new market through geographical diversification and can absorb new information and install different knowledge and energy into internal organization to obtain better performance level.We provide some sincere suggestions to decision-makers and CEOs of MNEs or those TMNEs consider entering into the China market. TMNEs should consider carefully...