With growing economic globalization, returnee managers who have obtained education or work experience overseas play a much more crucial role in corporations, especially in emerging economies. Using hand-collected managerial background data from a sample of firms listed on the Shanghai and Shenzhen Stock Exchanges from 2010 to 2014, this paper investigates the impact of returnee managers on corp...

The Southern Common Market (mercosur), widely recognized as one of the most advanced regional integration schemes worldwide, is increasingly attractive to multinational enterprises and also very active in outward investments, despite persistent innovation and competitiveness gaps. In this paper we analyse internationalization and technology trends in mercosur in relation to trade, the activitie...

The tremendous changes in China’s development philosophy and regional economies during the last two decades have carved out selectively new locations of development across the nation. While politicians heatedly debate the acceptable levels of regional inequality, most scholarly studies focus on broad aggregate trends of inequality among provinces and groups of provinces, and pay little attentio...

The touchstone for this volume is the work of Edward Safarian, widely recognized as the ‘Dean’ of Canada’s scholars who study foreign direct investment (FDI) and multinational enterprises (MNEs). A professor at the University of Toronto since 1966, Safarian has been President of the Canadian Economics Association (1977–78) and a Fellow of the Royal Society of Canada since 1973. From his pioneer...

Economic reform and liberalization in China have affected many institutional obstacles constraining the development and growth of Chinese small and medium size enterprises (SMEs). Using a firm-level data set that comprises all “above-scale” Chinese industrial enterprises for the period of 1995 to 2003, I investigate the patterns of entry and exit of Chinese SMEs and relate these patterns to the...

Financial systems reform and corporate reform are deeply intertwined and thus are best addressed simultaneously and comprehensively. Indonesia is seeking to do this by developing rules, institutions, and mechanisms to achieve good corporate governance, while working to build an effectively functioning financial system that facilitates good corporate governance. This paper explores this quest in...

Accurately forecasting the foreign exchange rate is important for export-oriented enterprises. For this purpose, a fuzzy and neural approach is applied in this study. In the fuzzy and neural approach, multiple experts construct fuzzy linear regression (FLR) equations from various viewpoints to forecast the foreign exchange rate. Each FLR equation can be converted into two equivalent nonlinear p...

Do Multinational Enterprises Substitute Parent Jobs for Foreign Ones? Evidence from European Firm-Level Panel Data* This Paper analyses the demand for labour by home multinational enterprises (MNEs) in Europe. To this end we use a unique firm-level panel data set of more than 1,200 European multinational enterprises and their subsidiaries that are located in either the European Union, Central a...

In order to explore what motivates post-entry mode change of the MNC (Multinational Corporation) in China, this paper proposed a theoretical framework that has highlighted MNC flexibility influenced by learning ownership regulations through relationship networks. A company is embedded in a number of relationships with identifiable counterparts and this web of relationships can be called a netwo...

This paper examines whether policies to promote foreign direct investment (FDI) make economic sense. The discussion focuses on whether existing academic research suggests that the benefits of FDI are sufficient to justify the kind of policy interventions seen in practice. For small open economies, efficient taxation of foreign and domestic capital depends on their relative mobility. If foreign ...