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1 – 5 of 5Fayyaz Ahmad, Muhammad Umar Draz and Su-Chang Yang
The purpose of this study is to examine the factors that are influential on outward foreign direct investment (OFDI). A sample of four Association of Southeast Asian Nations…
Abstract
Purpose
The purpose of this study is to examine the factors that are influential on outward foreign direct investment (OFDI). A sample of four Association of Southeast Asian Nations (ASEAN) countries is compared with dominant Asian economies during 1981-2013.
Design/methodology/approach
The authors used time series data for analysis. An econometric model using ordinary least squares, with a series of complementary tests, was estimated for every country to determine the variables affecting OFDI.
Findings
The results depict that exchange rates, income and human capital affect the OFDI of most of the countries in the sample. For comparatively advanced and dominant economies (i.e. China, Japan, South Korea and India), openness is the most influential variable, whereas income levels and exchange rates are dominant factors in case of ASEAN economies. Overall, different types of endowments have a different impact for every country.
Originality/value
Previous studies have primarily examined advanced countries’ OFDI. This work adds to the literature by focusing on ASEAN economies and by making a comparison with the dominant Asian economies. Furthermore, the validity and stability of the model is tested with a series of specification tests. In this way, this work is a useful source of information for every stakeholder.
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Fayyaz Ahmad, Muhammad Umar Draz and Su-Chang Yang
This study aims to examine the effects of outward foreign direct investment (OFDI) on the home country exports for selected ASEAN countries during 1981-2013.
Abstract
Purpose
This study aims to examine the effects of outward foreign direct investment (OFDI) on the home country exports for selected ASEAN countries during 1981-2013.
Design/methodology/approach
The authors have used OLS regression based on the unit root analysis, correlation technique and a series of specification tests applied to annual time series data.
Findings
The results reveal that the complementary effects of OFDI on exports of the home country outweigh the substitution effects for four ASEAN countries. Furthermore, trade openness, currency fluctuations and inward foreign direct investment (FDI) are also important factors for progressive home country exports.
Originality/value
This study provides a thorough analysis of the links between OFDI and exports of the home country on a macro level. With a data set of more than three decades from the ASEAN region, this study is the first attempt of its kind to analyze the relationship of these two variables on the aggregate level.
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Chang Su, Mingjian Zhou and Yixin Yang
Drawing on social capital theory, this study investigated the effects of structural, cognitive and relational family social capital on employees' career advancement through the…
Abstract
Purpose
Drawing on social capital theory, this study investigated the effects of structural, cognitive and relational family social capital on employees' career advancement through the mechanism of family-to-work enrichment (FWE), taking perceived organizational politics (POP) as a moderator.
Design/methodology/approach
Survey data were collected from 252 full-time employees working in public institutions and government departments in China, a collectivist cultural context. Hierarchical regression and path analysis were conducted to test the hypotheses.
Findings
FWE significantly mediated the positive relationships between the three subtypes of family social capital and career advancement. The effects of structural and cognitive family social capital, but not relational family social capital (RFSC), on FWE were stronger when POP was low (vs high).
Research limitations/implications
FWE is arguably a promising mechanism for explaining the links between family social capital and career outcomes. However, due to the cross-sectional nature of the data, conclusions regarding causality remain limited.
Practical implications
Family social capital may enrich the careers of employees in collectivist cultures. Managers should mitigate their organization's political climate to promote employees' career advancement.
Originality/value
This study contributes to career research by linking family social capital to career outcomes through the lens of FWE for the first time and by identifying organizational politics as an important moderator that can influence the dynamics of resource enrichment in a collectivist culture.
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Since their inception in late 2007, the Qualified Domestic Institutional Investor (QDII) funds, which help Chinese investors to invest in foreign capital markets, have experienced…
Abstract
Since their inception in late 2007, the Qualified Domestic Institutional Investor (QDII) funds, which help Chinese investors to invest in foreign capital markets, have experienced significant portfolio losses and persistent fund outflows. While these losses are large in absolute terms, QDII funds, on average, performed better than Chinese A-share funds, but slightly worse than a group of foreign mutual funds. Our study focuses on the QDII industry, and asks three interrelated questions: (1) why have there been large fund outflows from the industry? (2) what explains QDII funds’ poor performance? and (3) why have QDII funds been so heavily exposed to the Hong Kong market? Our empirical analysis shows that the persistent capital outflows were primarily a result of disappointing fund performance. This poor performance can, in turn, be explained by the deficiency of knowledge required of QDII fund managers to successfully invest in foreign capital markets and manage global portfolios. Finally, our study goes some way to explain the phenomenon of QDII funds’ large asset allocation in the Hong Kong market. This ‘Hong Kong bias’ is shown to be consistent with the well-documented ‘home bias’ behaviour in cross-border portfolio investment, but is greatly exacerbated by the lack of global investing experience of QDII managers.
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Aurora Chen, Noeleen Doherty and Susan Vinnicombe
This paper seeks to explore the perceived value of an executive MBA (EMBA) to the development of knowing‐who competency for Taiwanese women managers.
Abstract
Purpose
This paper seeks to explore the perceived value of an executive MBA (EMBA) to the development of knowing‐who competency for Taiwanese women managers.
Design/methodology/approach
This qualitative research drew on in‐depth interviews with a sample of 18 female alumni across three business schools in Taiwan. Analysis, using NVivo 8.0, focused on individual perceptions of the development of knowing‐who, through networks.
Findings
Women emphasized the benefits of acquiring and developing networks from undertaking the EMBA. Cultural values impacted women's perceptions of networking.
Research limitations/implications
This is an exploratory piece with limited generalisability, however, it indicates the perceived importance of networking to female EMBA students within the Asian context.
Originality/value
Findings extend previous research on the acquisition and development of networks through the EMBA experience. The salience of networking for women is established. The clarification of age or career stage in research on women's careers is needed.
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