scholarly journals Factors affecting the foreign direct investment in Russia

2003 ◽  
Vol 1 (2) ◽  
pp. 71-81
Author(s):  
Adelaide T. Cufari ◽  
Giovanni D’Orio
Keyword(s):  
Corporate Governance ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Banking Sector ◽  
Current System ◽  
Banking System ◽  
Transition Process ◽  
Structural Reforms ◽  
Factors Affecting ◽  
Basic Understanding

This paper analyses some links between the last crisis of the banking sector, the system of corporate governance and the level of investment (and foreign direct investment in particular) in Russia. Russian contrasting outcomes are the result of a complex set of factors depending on investment, regulation inadequacy, reforms structure and transition process consequences. We start with a short analysis of the transition process. The analysis is consistent with the hypothesis that both macroeconomic stabilization and structural reforms are necessary for growth. Afterwards we analyse the outcomes of the banking system in Russia with special emphasis to the reform strategy proposed after the crisis of 1999, as well as some of the associated controversies with the current system of corporate governance. The Russian experience of corporate governance is unique; and the lessons that Russia teaches are not trivial. Russia’s enterprise pathologies improve our basic understanding of how corporate governance works.

scholarly journals Assessing the Impact of Corporate Governance Index on Financial Performance in the Romanian and Italian Banking Systems

2021 ◽  
Vol 13 (10) ◽  
pp. 5535
Author(s):  
Marco Benvenuto ◽  
Roxana Loredana Avram ◽  
Alexandru Avram ◽  
Carmine Viola
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Banking Sector ◽  
Research Question ◽  
Interactive Effect ◽  
Banking System ◽  
Capital Adequacy ◽  
Banking Systems ◽  
Governance Index ◽  
The Impact

Background: Our study aims to verify the impact of corporate governance index on financial performance, namely return on assets (ROA), general liquidity, capital adequacy and size of company expressed as total assets in the banking sector for both a developing and a developed country. In addition, we investigate the interactive effect of corporate governance on a homogenous and a heterogeneous banking system. These two banking systems were chosen in order to assess the impact of corporate governance on two distinct types of banking system: a homogenous one such as the Romanian one and a heterogeneous one such as the Italian one. The two systems are very distinct; the Romanian one is represented by only 34 banks, while the Italian one comprises more than 350 banks. Thus, our research question is how a modification in corporate governance legislation is influencing the two different banking systems. The research implication of our study is whether a modification in legislation, thus in the index of corporate governance, is feasible for two different banking sectors and what the best ways to increase the financial performance of banks are without compromising their resilience. Methods: Using survey data from the Italian and Romanian banking systems over the period 2007–2018, we find that the corporate governance has a significant, positive and long-lasting effect on profitability and capital adequacy in both countries. Results: Taking the size of the company into consideration, the impact of the Index of Corporate Governance (ICG) on a homogenous banking system is positive while the impact on a heterogeneous banking system is negative. Conclusions: Our study provides evidence of the impact of IGC on financial performance and sheds light on the importance of the size of the company. Therefore, one can state that the corporate governance principles applied do not encourage the growth of large banks in heterogeneous banking sectors, thereby suggesting new avenues of research associated with new perspectives.

scholarly journals Effective factors to encourage the foreign direct investment in Iraq

2018 ◽  
Vol 162 ◽  
pp. 02038
Author(s):  
Shahla Mohammad Ali
Keyword(s):  
Foreign Direct Investment ◽  
Intellectual Property ◽  
Property Rights ◽  
Intellectual Property Rights ◽  
World Bank ◽  
Direct Investment ◽  
Banking System ◽  
Effective Factors ◽  
World Bank Report ◽  
The World

Foreign direct investment in Iraq cannot take its complete role for different reasons, such as: Lack of security, Corruption, Lack of Transparency, Unequipped banking system, undeveloped arbitration law, Intellectual Property Rights (IPR) issue, and internal disputes over oil rights. It was found that Iraq rates as one of the worst places in the world to do business, languishing at 166 out of 183 countries, according to a World Bank report and for starting a business Iraq ranks even lower

scholarly journals How does Outward Foreign Direct Investment Affect Enterprise Green Technology Innovation? — Based on the Moderating effect of Resources

2021 ◽  
Author(s):  
Haoqiang Wu ◽  
Sumin HU
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Technology Innovation ◽  
Transition Process ◽  
Green Technology ◽  
Moderating Effect ◽  
Outward Foreign Direct Investment ◽  
Regulatory Effect ◽  
Absorbed Slack ◽  
Unabsorbed Slack

Abstract with the increasing strict environmental regulations in the green transition process, outward foreign direct investment is considered to be an effective approach to promote enterprises’ green technology innovation. Thus, this paper establishes a comprehensive research framework that integrates OFDI and green technology innovation from the micro level of the enterprise to analyze it. The findings show that: First, OFDI will positively affect corporate green-tech innovation as expected; Government subsidies have a U-shaped regulation on the relation between OFDI and green-tech innovation; Absorbed slack plays an inverted U-shaped moderating effect on the relation between OFDI and green-tech innovation, and the unabsorbed slack positively affect this process. As for the heterogeneity of property rights, the test results of non-state-owned enterprises and state-owned enterprises are basically consistent with the baseline results, except for the following two points: the unabsorbed slack of state-owned enterprises has no regulatory effect between OFDI and enterprise green technology innovation, and the absorbed slack of non-state-owned enterprises has no regulatory effect between OFDI and enterprise green technology innovation.

scholarly journals Foreign Direct Investment: International Strategies by Business Groups

2018 ◽  
pp. 7-22
Author(s):  
Jorge Pelayo Maciel ◽  
Manuel Alfredo Ortiz Barrera ◽  
Aimee Pérez Esparza
Keyword(s):  
Corporate Governance ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Positive Relationship ◽  
Business Groups ◽  
Foreign Company ◽  
Panel Analysis ◽  
Negative Relation ◽  
Concentrated Ownership ◽  
International Strategies

This research analyses the decision of foreign direct investment (FDI) followed by business groups, identifies two forms: acquisition and minority purchase of foreign company shares. Analyses how it affects the performance of such groups. Also includes the concentration of property since it forms part of corporate governance. In order to achieve this, a data panel analysis with information of 39 business groups and a total of 3,443 subsidiaries and that have also made FDI in a period ranging from 2012 to 2015. The findings were that the minority purchase of shares achieves a positive relationship with performance and clearly shows that the company's concentrated ownership has a negative relation to performance.

Korean Education and Foreign Direct Investment: Focusing on Entry Modes

2010 ◽  
Vol 11 (1) ◽  
pp. 88-111
Author(s):  
Lorna Baek ◽  
Jimmyn Parc
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Current System ◽  
University Rankings ◽  
Entry Modes ◽  
Korean Education ◽  
International University ◽  
Economic Advancement ◽  
Specific Education

Education is a key for economic advancement. Thus, this study d its development to date. In doing so and by simultaneously analyzing Brain Drain Index and international university rankings comparatively, a number of issues are highlighted as unsatisfactory. In order to overcome the problems presented by the current system, this paper applies a comprehensive entry mode model to education-based foreign direct investment. A case study, benchmarking Singapore, highlights specific education policy amendments regarding liberalization that could also be applicable to the Korean education field, ultimately aiding economic advancement.

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