In this paper, we present a model for analyzing foreign direct investment opportunities by evaluating related projects. An integrated approach employing the analytic hierarchy process (AHP) and simulation is used to rank the projects. This methodology is applied to assess the industrial investment projects that were proposed in the “’95 China’s Tumen River Area International Investment and Busi...

In the current age of trade and financial openness, local economies in developing countries are becoming increasingly exposed to external investments. The objective of the proposed two-sector model with environmental externalities is to provide an insight into the interaction between external investors and local communities with a focus upon the different strategies and income sources available...

We propose a model where investors may choose to acquire costly information that identifies good assets and purchase these assets in opaque (OTC) markets. Uninformed investors access an asset pool that has been cream-skimmed by informed investors. When the quality composition of assets for sale is fixed there is too much information acquisition and the financial industry extracts excessive rent...

  This paper analyzes the results of implementing Value Engineering (VE) into SWOT methodology undertaken in Yazd province of Iran. This is the first time that these techniques have been undertaken for fisheries sector in Iran. The study mainly aims at applying Value Engineering and SWOT techniques to achieve the best out of decision-making, and also of management issues as a whole, through the...

This article approaches the importance of business plans development for Information technology companies, wrapped up into an extremely fast and dynamic reality of the globalized world transformations. A recent approach was given about the mistakes made mainly by the companies based on the Internet, well known as dotcoms, before the crash of NASDAQ in 2000. It was searched to trace a parallel a...

This paper constructs a game-theoretic model to study host country policy to attract import-substituting foreign direct investment (FDI). Investors are assumed to be incompletely informed about local investment conditions, and taxes and tariffs are determined endogenously. We show that in certain situations countries will offer tax incentives while in others they will impose a tariff wall to in...

It is often argued that countries with a high population share of children and young workers should attract large capital infl ows from aging industrialized economies. However, many of these countries deter foreign investors by a high risk of creeping or outright expropriation. In this paper we explore whether the correlation between countries’ demographic structure and the perceived security o...

This paper argues that a commitment to ‘shallow pockets’, namely by limiting the size of funds raised initially, may improve an investor’s ability to deal with entrepreneurial agency problems. Shallow pockets allow the investor to create competition for continuation finance between her portfolio entrepreneurs. Although this increases the investor’s ex post bargaining power vis-à-vis entrepreneu...

Initial announcements of macroeconomic indicators are based on imprecise and incomplete information. Government statistical agencies routinely restate the initial estimates over the course of several subsequent years as more information becomes available. We find that simple accounting-based aggregates, such as earnings dispersion, can predict future restatements in macroeconomic estimates, inc...