Kategoria BISAC: Business & Economics >> Investments & Securities - General

This book systematically explores the effects upon underdeveloped countries of direct foreign investments made by multinational corporations. The author pays particular attention to themes prevalent in the international political economy literature that depict foreign investment as alternately aiding or hindering economic development in the Third World. In constructing his analysis, Rothgeb treats the relationship between the multinational corporation and the underdeveloped host state as a political relationship, demonstrating that the results of foreign investment depend in large part...

This groundbreaking new work presents the first financial history of the United States in the 20th century from the commercial and investment banking perspective. The author traces the development of both industries from the 1920s through the conditions of the present marketplace and looks at the simultaneous development of the federal regulatory agencies that grew up around the financial markets. Arguing that the ideal of an American Dream finds its best tangible expression in the ways in which the financial markets have been used to foster and protect the ideals of quality housing,...

This contributed volume examines development efforts in sub-Saharan Africa and the role privatization and foreign investment can play. The focus is on African and international capital mobility and recent experience in private investment in contemporary African states. While government in Africa continues to have a hand in economic and political matters, private enterprise, private investment, and market forces are becoming increasingly active. The volume reveals these new directions in development practice in Africa and analyzes the difficulties which government, while well-intended, has...

This is the first history on the subject of foreign investment in the United States since 1920. It shows how the United States changed from a debtor nation to a supplier of capital to the rest of the world, and then details the structural shifts to this creditor position after the breakdown of the Bretton Woods system in 1972. Geisst demonstrates that the United States has always been a magnet for foreign portfolio and direct investment. Traditionally, this has come from northern European or Canadian sources, but in the 1970s the Japanese became a major force. Currently, both types of...

The performance of various types of capital resources in the economic reforms of China are of great interest to those involved in the reforms as policymakers, scholars, and businesspeople. Four major areas of financial development are identified--banking and loans, trade and foreign direct investments, official flows and foreign exchanges, and the stock market. The quality, or efficiency, of the capital resource has not been given equal weight with quantity, as it is difficult to measure the quality of a resource, and because more of a capital resource is generally preferred to less. A...

Internalization theory, despite criticism of its empirical deficiency, has dominated the industrial organization approach to the multinational enterprise and its foreign direct investment (FDI) decisions. Liu improves the empirical foundations of internalization theory, through the elaboration of the FDI signaling framework, which holds that a firm's direct foreign investment influences the perceptions of less-informed market participants. The signaling concept is derived from the premise that a firm's intangible assets in know-how cannot be correctly priced in a market with asymmetric...

Building on his companion volume on closed economic systems, Dompere develops a theory of aggregate investment, optimal capital, and output dynamics for open economic systems under neo-Keynesian conditions with special reference to growth policy. By constructing and tracing the path of equilibrium aggregate investment, the study isolates and analyzes the internal and external factors that influence the adjusting of investment to aggregate finance and profit. It examines the role international trade and finance play in alleviating domestic technological and savings constraints on capital...

Praise for Trade Like a Pro

"Noble's commitment to the individual trader is exactly what traders need during these volatile times. He has knowledge that spans across markets and is worldwide. He is a valued contributor to the TraderPlanet.com community, and this book further demonstrates his dedication to educating traders and helping them become more successful."
--Lane J. Mendelsohn, Publisher, TraderPlanet.com

"In a time when, on a global level, important things are happening to the financial industry, when new profit opportunities as well as risks are revealed, the...

This book will familiarize the interested investor with Swiss equity shares at a time when they are becoming an attractive investment. It provides a short historical perspective and shows how trends detrimental to the equity market were broken in the mid-1970s and early 1980s. The performance of the Swiss equity market over time is revealed and the main determinants of share price cycles are investigated. A brief description of the history, organization, and significance of all Swiss stock exchanges is provided. The book also provides all the information a dealer requires concerning...

This study examines whether pension plans achieved satisfactory investment results when compared to conventional market indexes. It also covers the impact of factors such as risk, turnover and investment allocation policy on performance. . . . Pension plan managers and accountants who audit or advise them will be most interested in obtaining this book, as will academics doing research on pension plan performance. "Journal of Accountancy"

The authors argue that the principle causes of the poor performance record of pension plan investments are frequent portfolio reallocations and high...

This is a comprehensive review and analysis of investment instruments and the markets in which they trade. The book focuses attention not only on traditional investment instruments but also pays particular attention to such new instruments as universal commercial paper, collateralized mortgage obligations, securitized automobile loans, money market preferred funds, and zero-coupon investments. "The Journal of Commercial Bank Lending"

"Handbook of the Money and Capital Markets" is a comprehensive review and analysis of investment instruments and the markets in which they trade. Designed...

This comprehensive new study examines the impact of the 1978 Bankruptcy Reform Act on firms that file under Chapter 11 and on investors who own shares or bonds in financially distressed corporations. Demonstrating that high average returns often accompany wise investment choices concerning bankrupt firms, the authors explain how to spot potential investment targets, assess investment risk, and profit from investing in firms undergoing reorganization following a bankruptcy filing. Both individual and institutional investors looking for new investment opportunities and students of corporate...

In this book, David Davenport covers all aspects of the equity manager search from finding the right names through evaluating the performance of the equity manager after he or she has been hired. As Davenport notes at the outset, the choice of an investment manager for a corporate pension fund can have far-reaching implications for plan performance and is, therefore, one of the most important responsibilities of the pension manager. However, he notes, most pension plan sponsors feel compelled to retain an outside consultant to hire the fund's equity managers, feeling they do not possess...

Written for international business managers and executives, this book offers a comprehensive and authoritative discussion of foreign direct investment in the People's Republic of China. The authors note at the outset that although the events of Tiananmen Square brought both trade and investment to a virtual standstill, new investment is now again flowing into China (but at a guarded pace). For those wishing to pursue the numerous opportunities that still exist, this volume offers a full analysis of the risks involved, a thorough treatment of the different forms of investment activities in...

The long-closed stock market of South Korea opened its doors to foreign investors in January 1992. Due to the success of the Korean economy during the past two decades, the country provides many new and exciting opportunities for foreign investors. This is the first book published in the United States that provides a comprehensive coverage of the Korean securities market. In addition to the structure and trading system of the Korean securities market, the other topics covered range from the Korean economy to a performance analysis of the stock market during the past ten years.

The book...

This unique book examines the re-emergence of a securities market in the People's Republic of China, providing a comprehensive analysis of the market forces that are transforming China's centrally planned economy. The authors provide answers to the key issues such as: Why did a securities market develop in China? How do market practices compare with those in other countries? What are the major difficulties encountered in the development process of the securities market, and what growth potential does the Chinese securities market have? Based on Dr. Xia's comprehensive survey of officials...

There are substantial opportunities and risks in establishing a successful business in developing countries. Financial and economic risks of doing business with developing countries, manifested in World Debt Crisis, require careful examination before a business venture is attempted. The book provides thorough historical information about LDCs' economies and causes of their indebtedness. The most recent data regarding economic performance, indebtedness, and infrastructure, of LDCs are presented as well. The book should prove useful to those considering business in developing countries and...

Turkey is an attractive location for Western foreign investment because of its emerging role as a springboard for foreign companies to access the newly emerging markets of Central Asia via entering joint ventures with Turkish partners. Turkey's own emerging potential and its market attractiveness for an incremental share of world foreign direct investment (FDI) inflows have also been confirmed by the U.S. government, designating the country as one of the ten Big Emerging Markets along with China, India, Russia and Brazil, which are expected to offer the greatest commercial growth...

Praise for Investment Performance Measurement

"This volume contains the insights of more than fifty prominent authorities on performance measurement. It is a must-have, must-read book for anyone involved in measuring, analyzing, or explaining investment results."
--John Schlifske, CFA,

President and Chief Executive Officer, Russell Investments

"Investment Performance Measurement: Evaluating and Presenting Results should be required reading for investors as well as investment performance professionals. This collection conveniently brings together some of the...