Determinants of Investment in Emerging Markets

Determinants of Investment in Emerging Markets

Burak Evren

60,17 €
IVA incluido
Disponible
Editorial:
KS OmniScriptum Publishing
Año de edición:
2009
ISBN:
9783639148725
60,17 €
IVA incluido
Disponible

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I analyze the impact of three institutional factors(legal origin, perceived corruption level andownership structures) on the cash flow sensitivity ofinvestment in ten emerging markets (Hong Kong,Indonesia, India, Korea, Malaysia, Philippines,Singapore, Taiwan, Thailand and Turkey.). Common Laworigin countries and countries which reveal a lowlevel of perceived corruption indicate economicallyand statistically lower sensitivities. The impact ofownership is less conclusive, which is likely to be aconsequence of complex structure.

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