the neo-liberal economic regime. The intensity of cross-border operations recorded an unprecedented surge since the mid-1990s and the same trend continues. Earlier‚ foreign firms were satisfying their market expansion strategy through the setting up of wholly owned subsidiaries in overseas markets which has now become a ‘second best option since it involves much time and effort that may not suit to the changed global scenario‚ cross-border mergers and acquisitions became the ‘first-best option’
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Eun & Resnick 4e CHAPTER 16 Foreign Direct Investment and Cross-Border Acquisitions Global Trends in FDI Why Do Firms Invest Overseas? Trade Barriers Imperfect Labor Market Intangible Assets Vertical Integration Product Life Cycle International Finance in Practice: Linear Sequence in Manufacturing: Singer & Company Shareholder Diversification Services Cross-Border Mergers and Acquisitions Political Risk and FDI International Finance in Practice: DaimlerChrysler: The First Global Car
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Impacts of Financial liberalization and innovations in the financial globalizationcross-border listing and carry-trade Introduction Borrowers and investors in public and private sectors always seek for highly profitable opportunities beyond their home countries. After the Second World War‚ a tendency to international cooperation empowered. Financial liberalization‚ technology developments‚ and financial innovations have been the essential drivers for the financial globalization. This paper begins
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http://jht.sagepub.com Journal of Hospitality & Tourism Research DOI: 10.1177/1096348004272178 Journal of Hospitality & Tourism Research 2005; 29; 110 Ho-fuk Lau‚ Leo Yat-ming Sin and Kelvin Kin-cheung Chan Chinese Cross-Border Shopping: An Empirical Study http://jht.sagepub.com/cgi/content/abstract/29/1/110 The online version of this article can be found at: Published by: http://www.sagepublications.com On behalf of: International Council on Hotel‚ Restaurant‚ and Institutional Education
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Background Paper: Obstacles to cross-border listings and acquisitions in the financial sector A. Purpose of the paper In September 2004‚ the informal Ecofin Council in Scheveningen discussed the issue of lagging crossborder consolidation1 in the banking area. This low level of cross-border consolidation is not confined to banking‚ but is relevant for the whole financial sector‚ with some nuances. In the upcoming Financial Integration Monitor report‚ the Commission will dedicate a chapter on
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main elements to this principle – Most Favoured Nation (MFN) Treatment and National Treatment. MFN Treatment is a World Trade Organisation (WTO) agreement which states that during trade‚ countries are not permitted to discriminate between their partners i.e. special or preferential treatment cannot be given to another WTO member country. The MFN Treatment principle is a central element used in drawing up the GATT‚ GATS‚ and TRIPS agreements‚ and combined‚ cover all areas of trade documented by the WTO
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The North American Free Trade Agreement or as its most commonly known NAFTA "is a comprehensive rules-based agreement between the United States‚ Canada‚ and Mexico"‚ that came into effect on January 1‚1994. All three countries signed it in December of 1992; later on November of 1993 it was ratified by the United States congress. NAFTA was not only used in cutting down on tariffs between both countries but it also help deal with issues such as Transportation‚ Border Issues‚ and Environmental Issues
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International trade could be define as the exchange of goods and services across the borders‚ it means that contrary to domestic trade‚ it includes the business with others countries and in this way‚ the play a role if they want to grow. Actually‚ the situation is more complex and plenty of theories have shown that international trade is not only conduct by the availability of resources owned by a location but even a country with a small quantity of assets could be competitive on the market. In a
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Questions: 1. Are the financial statements in Exhibit 3.7 consistent with V. Dourtan assumptions in Exhibit 3.1? 2. What’s is the most relevant valuation model‚ APV or Present Value? 3. How are multi-currency cash flows‚ currency risk and political risk being taken into account in our valuation model? 4. What is the relevant cost of capital for Jersey? For R.T. Nakit? Can they be different? Why? 5. What is the Dinar (Pound) value of the joint venture R.T. Nakit (jersey)? What are the project’s value
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Examine Figure 9.4 in your textbook. What do you think is the cause of the “dip” (i.e.‚ decrease) in salinity around the equator? Could it not be argued that higher temperature causes more evaporation from the ocean surface‚ which‚ in turn‚ results in higher salinity content? Figure 9.4 shows how the surface temperature of the ocean and the surface salinity change with latitudinal position. Salinity the measure of the concentration of dissolved salts in the ocean water. Salinity influences where
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