Suchergebnisse

Senior Project submitted to The Division of Social Studies of Bard College.

Disappointing performance -- Unsettled investors -- Under-diversified portfolios -- Mistimed timing and misguided stock picking -- Disappointing mutual fund performance -- Irrational mind -- Behavioral biases and investment decision making -- Difficult history -- Learning by investing? -- Overconfident CEOs -- Catering CEOs -- Risk management! Risk management! -- Regulation and government decision making: the behavioural biases of governments and regulators -- How to reform

There is a widespread belief that China plays a fundamental role in African economies, but few rigorous empirical studies to back up this view. Many reports describe China's engagement with Africa as "neo-imperialism" and "authoritarian capitalism", exploiting natural resources and local labour while undermining democracy. A growing demand for natural resources in China is also credited with boosting growth across the continent, especially in Africa's resource-rich countries. In this paper, Brautigam, Diao, McMillan and Silver (2016) present a more balanced and data-driven view on what we know about Chinese investment in Africa and what it means for growth. The authors use official Chinese data to examine the patterns of Chinese engagement in Africa for the period 1998 to 2015. Importantly, these data show large gaps between planned and realised investment. They distinguish between these, and focus only on realised investments. The data indicate that China's influence in Africa is much smaller than is generally believed, though its engagement on the continent is increasing. Chinese investment in Africa, while less extensive than often assumed, has the potential to generate jobs and development on the continent. ; IFPRI5 ; DSGD ; Non-PR

Abstract: Chinese investments in Europe have been significant over the past decade, with almost US$455 billion spent on investments in several sectors, according to the China Global Investment Tracker. Notably, a great portion of these investments are driven by the Belt and Road Initiative. This study analyzes China's investments, identifying the main beneficiaries based on relative economic size and assessing the impact of governance indicators. It employs panel data regression to examine the impact of Chinese investments in 15 European countries from 2011 to 2020. Results indicate that smaller economies and those with lower scores for voice and accountability received a greater proportion of Chinese investments relative to their economic size. Serbia, Belarus, and Ukraine are in the top four list of countries. These findings suggest that China's investment decisions in Europe are not solely determined by governance indicators. Consequently, countries with lower scores have the potential to receive investments and foster economic growth, offering an alternative to conventional methods of attracting foreign investments.

AbstractUsing a unique firm‐level data from the World Bank Survey on Chinese outbound direct investment conducted in Ethiopia in 2012, this study examines the determinants and location decisions of private Chinese investment in Ethiopia. Principal components factor analysis shows that (i) Chinese firms invest in Ethiopia to take advantage of their ownership advantages, (ii) market access motives are influential in investment location decision‐making and (iii) host government incentive packages towards inward foreign direct investment affect their location decisions, albeit less influential than other factors. These results remain robust when we controlled for two separate clusters of Chinese firms. Copyright © 2014 John Wiley & Sons, Ltd.