International Journal of Business

Articles from Vol. 13, No. 3, Summer

A Comparative Analysis of Transplants and Industrial Location of Japanese and Korean Automotive Industries in Europe
ABSTRACT This study examines the experience of the Japanese automotive industry in Europe in the 1980s and attempts to compare the Korean automotive industry since the 1990s in search of strategic implications. The underlying assumption is that...
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Emerging Market Equity Prices and Chaos: Evidence from Indonesia and Malaysia
ABSTRACT We test for the presence of low-dimensional chaotic structure in the Stock Exchanges of Indonesia and Malaysia. While we find strong evidence of nonlinear dependencies, the evidence is not consistent with chaos. Our test results indicate...
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The Comparative Performance of African Stock Markets: Nominal, Real and U.S. Dollar Returns
ABSTRACT This paper compares the performance of ten of the largest stock markets in Africa during the ten-year period, 1993 to 2002. The stock markets of Botswana, Egypt, Ghana, Kenya, Mauritius, Morocco, Nigeria, South Africa, Swaziland and Zimbabwe...
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The Effectiveness of International Financial Reporting Standards Adoption on Cost of Equity Capital: A Vector Error Correction Model
ABSTRACT The purpose of this paper was to determine empirically whether adopting the International Financial Reporting Standards by Jordanian companies listed on the Amman Stock Exchange influenced its cost of equity capital over the period 1996-2000...
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Weaknesses of the Indicator Variable Approach in Short-Term Event Studies
ABSTRACT Savickas [2003, Journal of Financial Research 26 (2), 165-178] proposes a new method--an indicator variable approach for testing abnormal returns in short-term event studies and finds the superiority of this approach over seminal methods...
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