Full-text resources of CEJSH and other databases are now available in the new Library of Science.
Visit https://bibliotekanauki.pl

Results found: 5

first rewind previous Page / 1 next fast forward last

Search results

Search:
in the keywords:  EMERGING MARKETS
help Sort By:

help Limit search:
first rewind previous Page / 1 next fast forward last
EN
The aim of this paper is identify the areas, which are crucial in the process of future development of multinational corporations from emerging economies (EMNC). The analysis revealed potential challenges and their influence on the performance of EMNC. The challenges have been divided into two groups - internal and external ones. According to the author's suggestion EMNC should focus on the realization of long-term strategies aimed at internal limitations. The paper has been enriched by empirical examples of companies which successfully resolve arising difficulties in the process of internationalization.
Zarządzanie i Finanse
|
2012
|
vol. 1
|
issue 1
241-251
EN
BRIC countries (Brazil, Russia, India, China) have become in the recent years the global economic growth leaders. As the access to adequate financial means is often limited in their native financial systems, companies from BRIC countries use many different financing sources, among them depositary receipts traded on foreign equity markets, mainly in the United States and United Kingdom. Issuers from BRIC countries and other emerging markets dominate today on the global depositary receipts markets, accounting for the majority of trading value, trading volume and capital-raising transactions.
EN
This paper tries to thoroughly investigate the multi-horizon nexus between national stocks and 10Y bonds in six emerging markets (the Czech Republic, Poland, Hungary, Romania, Russia and Turkey). For the computational purposes we use two complementary methodologies – wavelet signal decomposing technique and phase difference. Wavelet coherence results indicate that low coherence areas are overwhelmingly present in WTC plots in all the selected countries, which indicates that these instruments might be useful for diversification and hedging purposes. Additional wavelet correlation approach measures average wavelet correlations across the scale very precisely, revealing that majority of the wavelet correlation coefficients are negative, which imply that these financial instruments are good hedging tools. Phase differences were found dominantly in domains beyond π/2 and –π/2 boundaries in midterm and long-term in most of the countries, which also suggests negative coherence. Overall findings are in line with the general perception that stock returns and bond yields of the selected countries move in opposite direction, primarily because interest rate is constituent part in dividend discount model, and due to portfolio rebalancing activities.
4
75%
EN
This article lays out some of the major features of the proposed research on Catholic governance practices in a context of Polish post-communist social change. Firstly, it proposes to examine how market action in Poland was embedded in socio-normative structures influenced by Catholic social agency. In such a perspective, it is suggested that the attention should be paid to the role of Catholic cognitive structures in affecting social practices that aimed to solve the coordination problems, which were being experienced by market actors. Secondly, it is recognized that the proposed research should analyse the social control practices inspired by Catholic agency, particularly this project focuses on moral panic of the 1990s that was targeting new religious movements labeled as folk devils. The proposed research constitutes an attempt to demonstrate that moral panic may be seen as a struggle to impose a strict definition of the collective religious identity and its association with the national identity.
EN
The article presents a summary of contemporary trends in Foreign Direct Investment, with a particular focus on conclusions arising thereof for chosen Balkan states. Its aim is to identify the main factors influencing the creation of “a positive investment climate” in host countries trying to attract greater FDI, which, when accompanied by proper economic policy, will transform local economies and enable their full integration within the European Union. The article starts with a short definition of FDI, followed by a description of the main factors influencing the choice of where to locate investments, including geography, the socio-political situation, legal and tax related issues. Theoretical considerations are concluded with a case study presenting the findings of preliminary analysis conducted by the author for a company headquartered in Cracow and operating on the IT sector concerning the market expansion into the Balkan Region. This case study examines the pros and cons of a region striving to attract more FDI, and presents the following two main findings: – the chosen Balkan states (Albania, Montenegro and the FYR of Macedonia) have significantly liberalised procedures resulting in a very short period needed for establishing a company as well as eased tax regulations on their territories, which are main incentives for foreign investors; – the short history of socio-economic stability in the region is, for the time being, the main obstacle to attracting greater FDI to the region.
first rewind previous Page / 1 next fast forward last
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.