Sesgos Comportamentales Y Desigualdad En Econommas Emergentes: Una Explicaciin Del Exceso De Volatilidad Del Consumo Agregado (Behavioral Biases and Inequality in Emerging Markets: An Explanation to the Excess Volatility of Consumption)

2018 ◽  
Author(s):  
Andres Villa-Diaz
Keyword(s):  
Emerging Markets ◽  
Behavioral Biases ◽  
Excess Volatility

Financial Decisions, Behavioral Biases, and Governance in Emerging Markets

2018 ◽  
pp. 160-184
Author(s):  
Emir Hrnjic ◽  
David M. Reeb ◽  
Bernard Yeung
Keyword(s):  
Corporate Governance ◽  
Emerging Markets ◽  
Financial Markets ◽  
Economic Incentives ◽  
Emerging Countries ◽  
Financial Decisions ◽  
Behavioral Biases ◽  
Financial Decision ◽  
Governance Models ◽  
The Cost

In this chapter, we theorize that corporate governance models in emerging countries, relative to their developed economy peers, countenance greater behavioral biases in financial decision-making. Our arguments start with the notion that officers and directors of a firm choose the types and venues of various financial instruments to fund the firm and design various mechanisms to allocate these funds across divisions and projects within the firm. We posit that these allocation and capital sourcing decisions are influenced by both economic incentives and behavioral biases, which potentially differ between firms in developed and emerging markets. Specifically, we argue that the governance models used in emerging markets facilitate rapid managerial choices but occur at the cost of allowing behavioral-based distortions in both product and financial markets. Building on this notion, we provide insights into financial decisions, behavioral biases, and governance in emerging markets by assimilating behavioral financial economics and models of corporate governance.

Russia in International Capital Movement: Comparative Analysis

2011 ◽  
pp. 66-76 ◽  
Author(s):  
A. Bulatov
Keyword(s):  
Comparative Analysis ◽  
Emerging Markets ◽  
Economic Model ◽  
Accumulation Rate ◽  
Capital Movement ◽  
International Capital ◽  
International Capital Movement

The article tries to reveal specific features of Russias participation in international capital movement in comparison with other emerging markets. Peculiarities of outflow and inflow of capital in Russia are considered as consequences of specifics of its economic model. Proposals on using international capital movement for the increase of accumulation rate in Russia are put forward.

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