Ease of Doing Business in Africa
Funded in part through a grant from the Columbia University's Center for International Business Education and Research (CIBER), the paper explores the indicators of doing business in Africa compared with Latin American and East Asia.
Macro Variables Do Drive Exchange Rate Movements: Evidence from a No-Arbitrage Model
Using US and German data, PhD candidate Sen Dong builds a no-arbitrage model to understand the dynamics of exchange rates with macro risks and monetary policy and finds that the output gap and inflation drive about 70% of the variance of forecasting the conditional mean of exchange rate changes.
How Law Affects Lending
This paper analyzes the relationship between weak financial institutions causing uncertainly for banks and the increase in lending risk.
Legal Reform and Loan Repayment: The Microeconomic Impact of Debt Recovery Tribunals in India
This paper illustrates a microeconomic mechanism through which improvements in legal institutions might stimulate economic growth.
Auditory and Visual Brand Identifiers in Chinese and English
The authors examine the integration in memory of auditory and visual brand identifiers with brand names written in the logographic Chinese script compared with the alphabetic English script.
Entry Mode and Performance in a Transitional Economy: A Framework for Foreign-Invested Enterprises in China
A conceptual framework is developed, bringing together entry mode, the influence of state officials, and the adoption of a customer-driven orientation in order to explain the performance of foreign-invested firms in a transitional economy.
The Effect of Taxes on Stock Prices: Case for Australia's Full Imputation Scheme
This article investigates the controversy surrounding the effect of dividend yields on common stock returns and is particularly timely as the Bush administration is proposing to eliminate corporate dividends from income taxation.
Trade Credit, Financial Intermediary Development and Industry Growth
Recent research has shown that firms in industries that are dependent on outside financing grow relatively more quickly in countries with well-developed financial markets, while other work has shown that in well-developed financial markets, resources are more likely to flow to firms with high-return projects.