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Book part
Publication date: 5 January 2007

Abstract

Details

The Take-off of Israeli High-Tech Entrepreneurship During the 1990s
Type: Book
ISBN: 978-0-08045-099-5

Book part
Publication date: 1 April 2006

Hamid Beladi and Reza Oladi

This paper investigates the impact of foreign aid on foreign investment when foreign aid is used to finance a public consumption good. By formulating and analyzing a three-good…

Abstract

This paper investigates the impact of foreign aid on foreign investment when foreign aid is used to finance a public consumption good. By formulating and analyzing a three-good general equilibrium model, we show that such foreign aid could crowd out foreign investment, given a factor intensity condition.

Details

Theory and Practice of Foreign Aid
Type: Book
ISBN: 978-0-444-52765-3

Article
Publication date: 10 September 2024

Quyen Nguyen

Foreign subsidiaries of multinational enterprises (MNEs) operate in complex and competitive international environments, implement market and non-market strategies, manage…

Abstract

Purpose

Foreign subsidiaries of multinational enterprises (MNEs) operate in complex and competitive international environments, implement market and non-market strategies, manage resources and value-added activities and contribute to the overall performance of their parent firms. Thus, the research question on the determinants of MNE foreign subsidiaries’ performance is of interest to managers and academic researchers. The empirical literature has flourished over the recent decades; however, the domains are fragmented, and the findings are inclusive. The purpose of this study is to systematically review, analyse and synthesize the empirical articles in this area, identify research gaps and suggest a future research agenda.

Design/methodology/approach

This study uses the qualitative content analysis method in reviewing and analysing 150 articles published in 24 scholarly journals during the period 2000–2023.

Findings

The literature uses a variety of theoretical perspectives to examine the key determinants of subsidiary performance which can be grouped into six major domains, namely, home- and host country-level factors; distance between home and host countries; the characteristics of parent firms and of subsidiaries; and governance mechanisms (the establishment modes and ownership strategy, subsidiary autonomy and the use of home country expatriates for transferring knowledge from the headquarters and controlling foreign subsidiaries). A range of objective and subjective indicators are used to measure subsidiary performance. Yet, the research shows a lack of broader integration of theories and presents inconsistent theoretical predictions, inconclusive empirical findings and estimation bias, which hinder our understanding of how the determinants independently and jointly shape the performance of foreign subsidiaries.

Originality/value

This study provides a comprehensive, nuanced and systematic review that synthesizes and clarifies the determinants of subsidiary performance, offers deeper insights from both theoretical, methodological and empirical aspects and proposes some promising avenues for future research directions.

Details

International Marketing Review, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0265-1335

Keywords

Article
Publication date: 13 August 2024

Abdulrahman Alhassan, Lakshmi Kalyanaraman and Hanan Mohammed Alhussayen

This study aims to evaluate the resource curse hypothesis in an oil-dependent economy, Saudi Arabia, through examining the impact of oil price volatility on foreign ownership…

Abstract

Purpose

This study aims to evaluate the resource curse hypothesis in an oil-dependent economy, Saudi Arabia, through examining the impact of oil price volatility on foreign ownership among Saudi listed firms.

Design/methodology/approach

The study analyzes a unique data set of firm-level data on foreign ownership for the period 2009–2015. A multivariate regression model was applied to analyze the relationships under study.

Findings

The analysis reveals a negative association between oil price volatility and foreign ownership in firms with high leverage and low stock volatility.

Research limitations/implications

Policymakers are encouraged to develop policies to control shocks in the supply and demand of oil and enforce economic diversification. Investors can better understand the dynamics of an oil-based economy stock market based on the investment behavior of foreign investors and their response to oil price shocks.

Originality/value

This study adds to the literature by analyzing the relationship understudy in an oil-rich and oil-dependent emerging economy, where its critical economic parameters are influenced by oil price volatility and it has the largest and the most liquid stock exchange in the MENA region.

Details

International Journal of Islamic and Middle Eastern Finance and Management, vol. 17 no. 5
Type: Research Article
ISSN: 1753-8394

Keywords

Article
Publication date: 1 March 1990

Jeff Madura and Luc Soenen

How investors can capitalise on a long‐term currencytrend by leveraging their investment in a mutual fundis investigated. The sensitivity of mutual fund yieldsto exchange rate…

Abstract

How investors can capitalise on a long‐term currency trend by leveraging their investment in a mutual fund is investigated. The sensitivity of mutual fund yields to exchange rate movements and the degree of leverage is tested for a strong dollar cycle (1981‐1984) as well as for a weak dollar cycle (1985‐1987). The empirical results provide evidence of the benefits derived from leveraging investments in mutual funds in anticipation of a long‐term trend in the home‐currency′s value. To facilitate the foreign leveraging by the small investor, the creation of foreign levered mutual funds is suggested. While this study was performed from the US perspective, the general implications apply to investors in any country.

Details

Management Decision, vol. 28 no. 3
Type: Research Article
ISSN: 0025-1747

Keywords

Article
Publication date: 10 July 2009

Li Ben

Purpose –This paper seeks to assess the extent to which China has both encouraged and achieved growth through foreign investment. Design/methodology/approach – This paper provides…

1256

Abstract

Purpose –This paper seeks to assess the extent to which China has both encouraged and achieved growth through foreign investment. Design/methodology/approach – This paper provides an examination of the incentives developed and deployed and seeks to assess evidence of their performance. Findings – “Market Economic” development of legislation of foreign investment in China has significant meanings toward promotion of Chinese economy. Since the basic policies of reform and opening coming into force in China in 1970s, China has adopted the opening, welcoming and incentive attitudes for foreign investment, making the positive activities acclimating to economic development rules to achieve the win‐win results all around the world. Investment in China by foreign investors has been initially carried out by “enterprises with foreign investment”, which always turned out to be the cooperative or independent direct investment basing on the funds. During the recent years, China has become the second country (only behind of USA) which absorbs the most direct foreign investment in the world. FDI has played an important role in the Chinese economic development. Correspondingly, the legislation for foreign investment in China has gradually been improved and perfected and has protected and enhanced the foreign investment and economic development. Viewing the alternation of legislation of foreign investment in China, it has fully embodied the corresponding to the global and regional international investment legislation cooperation. Originality/value – This study will be of interest to those seeking an “insider's” view on the success or otherwise of foreign direct investment strategies in China.

Details

International Journal of Law and Management, vol. 51 no. 4
Type: Research Article
ISSN: 1754-243X

Keywords

Article
Publication date: 1 May 2007

Desheng Chen, Chunqing Li, Xianjie Xu and Jiasu Lei

This paper analysises China’s optimal scale of foreign reserve during 1985‐2004 with single ratio and synthesis ratio. The single ratio analysis shows that China’s foreign reserve…

Abstract

This paper analysises China’s optimal scale of foreign reserve during 1985‐2004 with single ratio and synthesis ratio. The single ratio analysis shows that China’s foreign reserve to import ratio has exceeded 40 per cent after foreign exchange rate united in 1994. The foreign reserve to money supply ratio is high as 23.8 per cent, and will exceed 25 per cent of international alertness in 2005. The foreign reserve to debt ratio largely exceeded 30 per cent of international alertness. The current account balance to GDP ratio and the current account balance plus FDI to GDP ratio is out of international alertness in most years. The synthesis ratio analysis show that China’s real foreign exchange reserve exceeded foreign exchange demand of debt, FDI and import during 1996‐2004, and the exceeded ratio is close to 90 per cent in 2004. This paper also discusses influence of capital flight after 1995 and international hot money after 2002 to China’s optimal scale of foreign exchange.

Details

Journal of Asia Business Studies, vol. 1 no. 2
Type: Research Article
ISSN: 1558-7894

Keywords

Article
Publication date: 13 February 2007

Rose O. Sherman

This concept paper seeks to outline evidenced‐based findings about the current experiences, best practices and leadership development needs of nurse leaders who work with foreign

2372

Abstract

Purpose

This concept paper seeks to outline evidenced‐based findings about the current experiences, best practices and leadership development needs of nurse leaders who work with foreign nurses.

Design/methodology/approach

A qualitative approach was used to collect data for this project. A convenience sample of ten nursing leaders from different geographic areas in the USA was telephone interviewed to obtain information for this project.

Practical implications

Recommendations are made about the type of educational programming that leaders who receive foreign nurses in their work environments will need to facilitate a successful transition.

Originality/value

The legal, ethical and human resource issues that surround the international recruitment of nurses have received widespread coverage in the media and nursing literature. Although organizations which do foreign recruitment invest significant resources, little has been written about the challenges in the transition of foreign nurses into healthcare practice environments outside their countries of origin. The literature suggests that the successful transition of foreign nurses into the healthcare environment of another country requires supportive leadership but this does not always occur.

Details

Leadership in Health Services, vol. 20 no. 1
Type: Research Article
ISSN: 1751-1879

Keywords

Open Access
Article
Publication date: 26 June 2024

Nan Zhou

This study aims to explore the advantage of foreignness in a digital world.

Abstract

Purpose

This study aims to explore the advantage of foreignness in a digital world.

Design/methodology/approach

Usage data for 251 days of 32 travel mobile applications installed on a major mobile phone brand in China are examined. Results support the author’s arguments.

Findings

Foreign mobile apps enjoy higher daily usage time than local apps. Next, the author consider how foreign apps can maximize their advantage, that is, increase daily usage time. The author argue that a multinational enterprise (MNE) can digitally enter a country that has numerous immigrants from its home country because of the high number of potential long tail users. A high level of diversity of international experience of MNEs increases the ability to understand and satisfy the specific needs of long tail users, thereby increasing daily usage time of foreign mobile apps. To maximize the advantage of foreignness in a digital world, MNEs can also carefully select business models that do not heavily rely on network effect, given the difficulty of generating network effect by long tail users.

Originality/value

Previous studies focus on the liability of foreignness or outsidership that MNEs encounter in the digital world, whereas this study argues that foreignness brings certain benefits, such as the capability to satisfy the specific needs of long tail users.

Details

Multinational Business Review, vol. 32 no. 3
Type: Research Article
ISSN: 1525-383X

Keywords

Article
Publication date: 1 April 2001

Tarik H. Alami

The demand for money is an important function of stabilization policies where such policies depend on the ability to manipulate the size of money supply in order to insulate real…

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Abstract

The demand for money is an important function of stabilization policies where such policies depend on the ability to manipulate the size of money supply in order to insulate real output from monetary disturbances. This paper investigates whether foreign money in Egypt should be included in transactions oriented measures of money supply. Variance decompositions analysis of demand functions for domestic money reveals that deviation of the expected rate of return on foreign money from that on domestic money is more influential than expected depreciation in accounting for quarterly forecast error variance in domestic real balances. This result suggests that portfolio rather than transactions considerations is the dominant factor behind holding foreign money in Egypt. The main policy implication contained in these results implies that foreign money should not be included in transactions oriented measures of money supply that are used as targets when implementing a monetary policy.

Details

Journal of Economic Studies, vol. 28 no. 2
Type: Research Article
ISSN: 0144-3585

Keywords

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