Does Buyer Discretion Facilitate Home Bias in Procurement? Cross-Border Procurement of Medical Supplies under COVID-19

2021 ◽  
Author(s):  
Philip Hanspach
Keyword(s):  
Home Bias ◽  
Cross Border ◽  
Medical Supplies

Australia's home bias and cross border taxation

2014 ◽  
Vol 25 (2) ◽  
pp. 108-123 ◽  
Author(s):  
Anil V. Mishra
Keyword(s):  
Home Bias ◽  
Cross Border

Australia's Bond Home Bias

2014 ◽  
Vol 17 (01) ◽  
pp. 1450001
Author(s):  
Anil V. Mishra ◽  
Umaru B. Conteh
Keyword(s):  
Rule Of Law ◽  
Exchange Rate Volatility ◽  
Home Bias ◽  
Accounting Standards ◽  
Bond Markets ◽  
Government Effectiveness ◽  
Cross Border ◽  
Regulatory Quality ◽  
System Risk

This paper constructs the float adjusted measure of home bias and explores the determinants of bond home bias by employing the International Monetary Fund's high quality dataset (2001 to 2009) on cross-border bond investment. The paper finds that Australian investors' prefer investing in countries with higher economic development and more developed bond markets. Exchange rate volatility appears to be an impediment for cross-border bond investment. Investors prefer investing in countries with stronger quality of institutions including bureaucratic quality, government effectiveness, regulatory quality, rule of law, efficiency of judicial system, risk of contract repudiation, and rating of accounting standards.

scholarly journals Capital Market Integration in Euroland: The Role of Banks

2000 ◽  
Vol 1 (4) ◽  
pp. 443-464 ◽  
Author(s):  
Claudia M. Buch
Keyword(s):  
Financial Market ◽  
Risk Taking ◽  
Capital Market ◽  
Market Integration ◽  
Home Bias ◽  
Capital Market Integration ◽  
Clear Cut ◽  
Cross Border ◽  
Financial Market Integration

Abstract The introduction of the euro marks a milestone in the process of European financial market integration. This paper analyzes the implications of the euro for cross-border banking activities. A portfolio model is used which captures the role of banks as providers of informational and of risk-diversification services. By eliminating exchange rate risks, the euro enhances the incentives of banks to expand within Euroland. Yet, while the currency bias in bank portfolios will be eliminated, the home bias will remain. Implications of market integration for the risk-taking and the monitoring of banks are not clear-cut.

The Role of the Joint Procurement Agreement during the COVID-19 Pandemic: Assessing Its Usefulness and Discussing Its Potential to Support a European Health Union

2020 ◽  
Vol 11 (4) ◽  
pp. 851-863 ◽  
Author(s):  
Emma MCEVOY ◽  
Delia FERRI
Keyword(s):  
Cost Effective ◽  
Equitable Access ◽  
Eu Member States ◽  
Cross Border ◽  
Medical Supplies ◽  
Joint Procurement ◽  
European Health ◽  
Article 5 ◽  
Medical Countermeasures

In 2014, the European Joint Procurement Agreement (JPA) was introduced as an innovative instrument to organise the procurement of vaccines and medications in preparation for pandemics. An overriding purpose of the JPA is to secure equitable and cost-effective access to medical supplies for participating EU Member States during serious health crises. This article aims to understand the current use of the JPA in response to the COVID-19 pandemic. Post-analysis of the recent use of the JPA, the article will discuss how the regional procurement mechanism can be strengthened to support the development of a European Health Union. In particular, the article will firstly question whether the four recent JPA procurement actions facilitated equitable access to medical supplies and services. Secondly, it will ask whether the centralised procurement actions preserved the integrity of the Internal Market. The importance and originality of this study are that it addresses an instrument, the JPA, which has been largely overlooked by legal scholars, and it explores how the provisions for the joint procurement of medical countermeasures as included in Article 5 of Decision 1082/2013/EU on serious cross-border threats to health could be extended to support the functioning of a European Health Union.

Home Bias at Selecting Financial Advisors in Cross-Border M&As

2008 ◽  
Author(s):  
Bill B. Francis ◽  
Iftekhar Hasan ◽  
Xian Sun
Keyword(s):  
Home Bias ◽  
Financial Advisors ◽  
Cross Border

scholarly journals Mitigating the externality of diseases of poverty through health aid

2021 ◽  
Vol 8 (10) ◽  
Author(s):  
Kamal Jnawali ◽  
Michael G. Tyshenko ◽  
Tamer Oraby
Keyword(s):  
Disease Transmission ◽  
Income Country ◽  
Lower Income ◽  
Cost Of Treatment ◽  
Health Aid ◽  
Cross Border ◽  
Medical Supplies ◽  
Positive Externality ◽  
Rapid Transmission ◽  
Transmission Of Disease

Externality exists in healthcare when an individual benefits from others being healthy as it reduces the probability of getting sick from illness. Healthy workers are considered to be the more productive labourers leading to a country’s positive economic growth over time. Several research studies have modelled disease transmission and its economic impact on a single country in isolation. We developed a two-country disease-economy model that explores disease transmission and cross-border infection of disease for its impacts. The model includes aspects of a worsening and rapid transmission of disease juxtaposed by positive impacts to the economy from tourism. We found that high friction affects the gross domestic product (GDP) of the lower-income country more than the higher-income country. Health aid from one country to another can substantially help grow the GDP of both countries due to the positive externality of disease reduction. Disease has less impact to both economies if the relative cost of treatment over an alternative (e.g. vaccination) is lower than the baseline value. Providing medical supplies to another country, adopting moderate friction between the countries, and finding treatments with lower costs result in the best scenario to preserve the GDP of both countries.

Home bias and cross border taxation

2013 ◽  
Vol 32 ◽  
pp. 169-193 ◽  
Author(s):  
Anil V. Mishra ◽  
Ronald A. Ratti
Keyword(s):  
Home Bias ◽  
Cross Border

Home Bias and Cross Border Taxation

CFA Digest ◽  
2013 ◽  
Vol 43 (2) ◽  
pp. 71-73
Author(s):  
Nitin Joshi
Keyword(s):  
Home Bias ◽  
Cross Border

Equity crowdfunding across borders: a conjoint experiment

2018 ◽  
Vol 24 (4) ◽  
pp. 911-932 ◽  
Author(s):  
Thomas Niemand ◽  
Martin Angerer ◽  
Ferdinand Thies ◽  
Sascha Kraus ◽  
René Hebenstreit
Keyword(s):  
Decision Making ◽  
Foreign Currency ◽  
Home Bias ◽  
Legal Framework ◽  
Content Type ◽  
Cross Border ◽  
Equity Crowdfunding ◽  
First Choice ◽  
Apparent Influence ◽  
The Eu

Purpose The purpose of this paper is to identify and disentangle the home bias in equity crowdfunding to better understand irrational decision making of investors. Design/methodology/approach A first choice-based conjoint (CBC) experiment with 217 participants was conducted in central Europe in order to single out different factors contributing to an apparent home bias of capital providers. Findings The authors find that investors show an avoidance of foreign currency, while payment methods seem to have no considerable influence on the decision making. Furthermore, participants significantly decided against national legislation in favor for EU legislation. Research limitations/implications This study predominantly helps to gain deeper insights into influencing factors in crowdfunding markets with a special concern on a cross-border context. For capital-seeking companies, the home bias of potential investor has to be taken into account, when designing a crowdfunding campaign. For legislators, the apparent influence of the legal framework should serve as a wake-up call to consolidate the regulation of crowdfunding in the EU. Originality/value This is the first CBC experiment application in a cross-border crowdfunding context. It provides deeper understanding of the importance of geographical proximity between crowdfunding projects and investors and calls for further research to examine how such an effect could be diminished.

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