ten traps to avoid when investing in emerging markets

... Significant information inequities in EM among investors  Many of the institutional mechanisms for information dissemination in developed markets are commonly missing in EM as individual investors ... What makes investing in EM unique?  Should diversification always reduce portfolio risk?  Should the principles of investing in the US or the UK apply to EM?  Should EM investing always demand ... uneven playing fields that fundamentally affects investing decisions Insider Trading Regulations  Unlike developed markets, EM stock price is not changing in accordance with the information In other...

Ngày tải lên: 30/04/2015, 19:25

... thực 37 5.TÍNH TO N VÀ GIẢI THÍCH KẾT QUẢ 38 5.TÍNH TO N VÀ GIẢI THÍCH KẾT QUẢ 39 5.TÍNH TO N VÀ GIẢI THÍCH KẾT QUẢ 40 5.TÍNH TO N VÀ GIẢI THÍCH KẾT QUẢ 41 BÀI TẬP ỨNG DỤNG Thông tin sau liên quan ... dựa vào điều kiện kinh doanh bình thường (ví dụ khủng hoảng kinh tế) Tình xấu: phản ánh dòng tiền giả định có rủi ro đáng kể thị trường có khoảng 25% xác xuất xảy khủng hoảng kinh tế làm dòng tiền ... thuyết: Nhà đầu tư đứng quan điểm to n cầu: thực nghiệm cho EM ngày hội nhập vào thị trường to n cầu Rủi ro theo quốc gia đa dạng hóa từ quan điể m nhà đầu tư to n cầu Do đó, không cần cô ̣ng...

Ngày tải lên: 22/12/2013, 16:06

... organisations failed to provide insight into how they were incorporating the information into management decision making.’ The pressure is still on to embed sustainability considerations into mainstream ... number of emerging market companies Today we can see that inward investment flows into emerging and developing economies also increasingly have an impact on wider decisions The Emerging Markets ... financially This report is a valuable step in the ascending path towards changing existing mindsets ’ Professor Mervyn King Chairman of the Global Reporting Initiative Sustainability in emerging...

Ngày tải lên: 09/02/2014, 21:09

Ngày tải lên: 18/02/2014, 11:20

... Housing Finance Policy in Emerging Markets Housing Finance Policy in Emerging Markets Edited by Loùc Chiquier and Michael Lea non-bank financial institutions group global capital markets ... is distorting the discussion around housing finance in emerging markets To cut through the maze, this book offers insights around all the building blocks of a housing finance systemincluding mortgage ... return for investors Housing finance has become an area of increasing importance for many institutions (linked to retail finance and construction finance), including liquid banks and finance and...

Ngày tải lên: 07/03/2014, 15:20

... as an emerging market, so it is necessary to keep in mind that several different criteria must be met in order to distinguish between emerging and non -emerging markets This 27 includes factors ... faster growing buying power and faster growing markets, emerging economies represents advantageous markets to invest and operate in Emerging markets will generally be influenced by changes in the ... supply lines – especially since companies try to minimize inventories as much as possible due to the above mentioned inventory carrying costs With long supply lines, average inventory needs to be...

Ngày tải lên: 23/03/2014, 08:21

... Handbook for Companies Doing Business in Emerging Markets In doing so, we have drawn on IFC’s own learning and experiences of the past nine years, as well as the current thinking and practices of ... extends in any meaningful way beyond the project planning phase, and is seldom integrated into core business activities or measured in terms of its effectiveness in building constructive working ... decisions They invest in hiring and training community liaison staff and see the value of consistently following through on their commitments to stakeholders They invest in translating information...

Ngày tải lên: 30/03/2014, 01:20

... than 400,000 tons to a low of 130,000 tons during the 1990s This decline in production resulted in an Shared Value in Emerging Markets | 19 Identifying Promising Points of Leverage inadequate supply ... to pursue social innovations and bring them to scale Shared Value in Emerging Markets | 11 Identifying Promising Points of Leverage Identifying Promising Points of Leverage To get started on ... organized frequent health camps to bring physicians into rural areas In addition to Shared Value in Emerging Markets | 24 Identifying Promising Points of Leverage expanding health care access, these...

Ngày tải lên: 08/04/2014, 17:00

... than 400,000 tons to a low of 130,000 tons during the 1990s This decline in production resulted in an Shared Value in Emerging Markets | 19 Identifying Promising Points of Leverage inadequate supply ... to pursue social innovations and bring them to scale Shared Value in Emerging Markets | 11 Identifying Promising Points of Leverage Identifying Promising Points of Leverage To get started on ... organized frequent health camps to bring physicians into rural areas In addition to Shared Value in Emerging Markets | 24 Identifying Promising Points of Leverage expanding health care access, these...

Ngày tải lên: 08/04/2014, 18:24

... Changes To Inflation In Selected Emerging Market Economies” Nguyên cứu dịch chuyển thông qua thay đổi tỷ giá hối đoái thay đổi giá nhập (tính ngoại tệ) vào lạm phát nước nhóm 13 nước có kinh tế ... “Pass-Through of Exchange Rates and Import Prices to Domestic Inflation in Some Industrialized Economies”  Kiểm định chuyển giá nhân tố bên vào lạm phát nước số kinh tế công nghiệp hóa  TGHĐ có ảnh hưởng ... lệ trước ERPT "các kinh tế nổi" luôn cao "các kinh tế phát triển" Đối với kinh tế có mức lạm phát số (nhất nước châu Á mẫu tác giả), ERPT thấp không khác biệt so với mức độ kinh tế phát triển Nói...

Ngày tải lên: 13/05/2014, 16:09

... covers in detail how these emerging markets grow What is most interesting though is that this paper has been instrumental in bringing these emerging markets into mainstream business planning Few ... creative when innovating and designing for emerging markets Human Factors International in India and a selected group of professionals who have done pioneering work in the emerging markets make ... by the unintended consequences of technology Designers working in the emerging market setting often need to bridge that 40 km An Introduction to Emerging Markets Having considered an individual...

Ngày tải lên: 31/05/2014, 00:55

... factors, a 1% increase in size translates into a 29 basis point decrease in the price of uninsured deposits 26 CGFS – Long-term issues in international banking incentive to become too big to ... banking services from multinational companies and fast-growing emerging markets promises to underpin the future of international banking and its contribution to economic progress In addition to ... banks into foreign markets through financial sector foreign direct investment, which accelerated through the 1990s.1 For other windows into trends in international banking, we use the Financial...

Ngày tải lên: 11/06/2014, 14:29

... markets of emerging markets These cover a wide range of subjects, including stock markets and their efficiency in emerging markets, forecasting models and their level of accuracy in emerging markets, ... those markets, and useful to all those involved in decision-making for investment in emerging markets Chapter looks at hedging decisions in the presence of price and political risks in emerging markets ... MANAGEMENT IN EMERGING MARKETS GOVERNANCE AND RISK IN EMERGING AND GLOBAL MARKETS Also by Sima Motamen-Samadian INTERNATIONAL DEBT AND CENTRAL BANKING IN THE 1980s (edited with Z Res) EMERGING MARKETS...

Ngày tải lên: 28/06/2014, 17:20

... in accounting and finance The importance behind examining the determinants of earnings management is to minimize potential wrongdoing, conflict, and a sense of mystery in accounting information ... understanding of institutional investors also implies that with the increase in institutional investor shareholdings in a firm, the information asymmetry between shareholders and managers will decline ... 1992), the institutional investors are inherently short-term oriented Such investors are often referred to as myopic investors who focus mainly on current earnings rather than long-term earnings This...

Ngày tải lên: 13/07/2014, 21:13

... experienced private investors often have a distinct advantage over large institutions in the equity options world The advantage relates to scale A private investor trading electronically can instantly ... private investors and small hedge funds are developing customized data mining and analysis tools as part of their effort to gain a technical edge in the market This trend has become a dominant ... absolute point decline in the history of the index and the tenth-largest percent loss since 1915 That evening, the financial news featured a parade of experts, each prepared to explain exactly...

Ngày tải lên: 04/11/2014, 05:02

... 2014 K K eynes, Minsky and Financial Crises in Emerging Markets Ognjen Radonjić Srdjan Kokotović Ognjen Radonjić Srdjan Kokotović Keynes, Minsky and Financial Crises in Emerging Markets First edition, ... real sector, which financial markets are supposed to serve in the first place In a word, financial markets have become a purpose unto themselves To illustrate this point it is enough to point out ... management in big corporations and financial institutions, the ever-growing and massive debt financing of uncertain investment projects over the business cycle, continual financial innovation...

Ngày tải lên: 04/11/2014, 05:43

... performing loans to total loans ratio Reserves to total assets ratio Dividends to total equity ratio Net interest income to total loans ratio Interest expense to total deposits ratio Interest income ... interest income Interest expense Interest income Description Annual profit to total equity ratio Annual profit to total assets ratio Annual growth rate in total assets Annual growth rate in total ... bodies Independent directors Minority representatives Professional directors Insider information Committees if there are independent directors in BoD, otherwise if there are representatives of minority...

Ngày tải lên: 02/01/2015, 17:33

... performing loans to total loans ratio Reserves to total assets ratio Dividends to total equity ratio Net interest income to total loans ratio Interest expense to total deposits ratio Interest income ... interest income Interest expense Interest income Description Annual profit to total equity ratio Annual profit to total assets ratio Annual growth rate in total assets Annual growth rate in total ... bodies Independent directors Minority representatives Professional directors Insider information Committees if there are independent directors in BoD, otherwise if there are representatives of minority...

Ngày tải lên: 06/01/2015, 19:47

... resource to obtain information All these factors result in the on average low trading activity in the emerging markets In other words, trading frequency becomes particularly important in emerging markets ... zero trading volume over the prior 12 months, is used to measure liquidity With the enhanced globalization of stock markets, emerging markets have grown rapidly Investors in emerging markets are ... combination of price impact and trading frequency and it is motivated by the importance of information asymmetry in the emerging market In contrast to the more developed markets, emerging markets...

Ngày tải lên: 10/09/2015, 15:54

... foreign investors from investing in emerging markets As liquidity is a greater concern for investors in illiquid markets than for those in liquid markets, and liquidity effect should be more acute in ... However, in contrast to the burgeoning literature on liquidity in the US market, the role of liquidity in emerging markets has long been missing, which leaves us a line of interesting research: to investigate ... from two months to less than two years 2.2 Emerging Markets, Liberalization and Integration 12 2.2.1 Pricing of Liquidity in Emerging Markets Emerging markets share many distinct features that...

Ngày tải lên: 14/09/2015, 12:13