Article history: Received 17 May 2013 Received in revised form 27 May 2013 Accepted 30 May 2013 Available online 10 June 2013 This paper provides comprehensive, detailed documentation of major corporate governance reforms (CGRs) undertaken by 26 advanced and emerging economies. We investigate whether these reforms have altered investor protection (IP) and impacted corporate investments. Specifi...

This paper revisits the international portfolio diversiÞcation using recent high-frequency international stock return series based on the MSCI index funds. Despite considerable increase in foreign stock holdings by the U.S investor from 1% to 15% in the last 25 years, the traditional mean-variance approach still implies the presence of home bias. For the purpose of investigating the desirable p...

Abstract To foreign investors, data, either collected and processed before or after market entry in the host state, can be regarded as a part of investment subject to protection applicable international agreements (IIAs). China has been developing rigorous stringent data governance such localization requirements mandatory business-to-government sharing, also concluded world's second largest IIA...

We analyze time series of investor expectations of future stock market returns from six data sources between 1963 and 2011. The six measures of expectations are highly positively correlated with each other, as well as with past stock returns and with the level of the stock market. However, investor expectations are strongly negatively correlated with model-based expected returns. The evidence i...

A systematic short-term event review of the major events in South-East Asia Financial crisis is presented this article. This analysis adds to existing literature by focusing on equity market, rather than foreign exchange market where there already abundant literature, as well going a granular level with hope that reactions can help policy-maker make appropriate decisions understanding likely im...

The reconcilability of actions and beliefs in inter-country relationships, either in business or politics, is of vital importance as incorrect beliefs on foreigners' behavior can have serious implications. We study a typical inter-country interaction by means of a controlled laboratory investment game experiment in Germany, Israel and Palestine involving 400 student participants in total. An in...

India is a rustic that has been capable of restore investor self assurance in its markets, even at some stage the hardest times. Increase capital flows, foreign direct investments and places entities’ participation mirror reality Indian markets have fared properly current Moreover, overseas agencies are viewing South-Asian country as strategic hub for his or her operations because investor-plea...

this research intends to investigate the relationship between financial information transparency and investor behavior in tse, in order to provide safety trade and improve performance of the financial market in iran. in last decade transparency of the financial market has been known as one of the most effective variables in determining investor strategy. this study examines perception of transp...

In a previous article,1 we discussed some of the basic tax considerations investors face in lawsuits. We concluded that debt treatment tends to be unfavorable to an investor because income is ordinary and the investor may even be required to accrue phantom income. Outside the debt context, we observed, the investor tends to be indifferent as to whether the arrangement is a prepaid forward contr...