although capital inflows affect positively economies in long-run, it is possible to generate somehow destructive effects if there is no any control on financial markets. this study tries to explore main determinants of large capital inflows episodes to emerging markets. it is also investigated whether the large capital inflows episodes lead to financial crises in forms of sudden stop phenomenon...

An approach to VaR (value-at-risk) for capital markets is proposed with Gaussian mixture. Considering the impacts of the components in a Gaussian mixture, an approach to VaR for capital markets is proposed to describe risk structure in capital markets. This approach can be programmed in parallel. Empirical computation of VaR for China securities markets and the Forex markets are provided to dem...

Financial development has proved to be a perfect indicator and reliable proxy for economic growth. Capital Finance is one of the main vehicles of finance. Capital markets, as Thorsten Beck and Ross Levine showed empirically, can solely and independently lead to economic growth. The consensus about the importance of financial markets and, particularly, the role that capital markets play in moder...

The question of where rural capital markets are headed is a timely one for several reasons. First, rural capital markets are in the process of integrating into a broad-based national capital market. Second, these rural markets seem likely to continue harboring unfilled gaps, compared to national capital markets. Third, structural changes in the markets can have both positive and negative impact...

BANK OF AMERICA JOURNAL OF APPLIED CORPORATE FINANCE apital markets have become increasingly global over the last 20 years. While providing world investors with opportunities to diversify beyond their home markets, the progressive integration of international financial markets is also bringing about a significant reduction in the cost of capital of public corporations around the world. And a lo...

Although capital inflows affect positively economies in long-run, it is possible to generate somehow destructive effects if there is no any control on financial markets. This study tries to explore main determinants of large capital inflows episodes to emerging markets. It is also investigated whether the large capital inflows episodes lead to financial crises in forms of sudden stop phenomenon...

Using dynamic panel estimations, this paper identifies driving forces of venture capital activity for Western European countries. Driving forces might be the liquidity of stock markets, human capital endowment, and labour market rigidities. I find that these factors do not affect expansion stage investments used as a broader definition of venture capital, while they positively affect early stag...

Since the opening-up of China’s economy, its capital markets have grown fairly rapidly, albeit from a small base. These markets provide a growing source of funds to support China’s economic growth; at the same time, they have become one of the driving forces for a series of important economic and social reforms. These markets have undergone three periods of development over the past three decad...

Social capital is an important concept for multinational firms. Firms operating in global markets rarely have adequate resources to compete effectively in global markets; they access the needed resources through formal and informal relationships with other firms. The cultures in Asian countries have emphasized relationships much more strongly than Western firms. Thus, relational capital, based ...