Multinational Business Review

Articles from Vol. 7, No. 2, Fall

A Japanese-Adapted Technique for Evaluating International Real Estate Investments
Contrary to the established practice in the United States and Western Europe, a majority of Japanese multinational corporations haven't been utilizing the discounted cash flow (DCF) model in investment valuation. Alternatively, many Japanese firms use...
Asian Financial Crisis: The Role of China and Japan in the Post-Asian Crisis Era (or Solution)
This paper reviews what happened to create the Asian Financial Crisis, updates some of the economic facts, and comments on the role of China and Japan in the solution to the crisis. Japan will not be helpful in the short-term as it is currently too preoccupied...
Financing Strategies in Transitioning Economies
Because of the presence of substantial informational asymmetries between borrowers and lenders, and an incomplete legal framework dealing with creditors' rights and bankruptcy, many debt financing vehicles which are used in developed market economies...
Gathering Export Market Information Using the Internet
Free or nominally priced Internet-based sites for gathering export market information are identified and briefly described. Keegan's (1999) framework for a "Global Business Intelligence System" is used to organize the information which is contained in...
Globalization, Emerging Market Economies and Currency Crisis in Asia: Implications on Economic Reform and Development
Recent experiences in Latin America and Asia provide ample evidence that countries in the process of integration are increasingly exposed to internal and external economic shocks. More importantly, this growing vulnerability of particularly developing...
Internal Antecedents to the 1997 Asian Economic Crisis
While a large body of literature lays the blame of the 1997 Asian economic crisis on external factors, such as Japan's recession and non-stringent international bank credit, the body of literature examining the internal factors is scant. The purpose...
International R&D Activity of US MNCS: AN Empirical Study with Implications for Host Government Policy
This study examines factors that may explain the inter-country differences in the level of R&D activity performed by U.S. multinational corporations [U.S. MNCs] in various countries. Based on an empirical examination of the aggregate R&D spending...
Korea's Financial Crisis: Causes and Restructuring Tasks
This paper deals with the sources of Korea's financial crisis and restructuring of banks and corporations. The contagion effect, worsening current account, weakening finance of banks and corporations, large external debts and the small amount of international...
Merger and Acquisition Activity in China: 1985-1996
In 1996, China attracted $42 billion in foreign direct investment (converting it in the second largest recipient of foreign direct investment in the world behind the United States). In 1996, its economy experienced a 9.7% growth rate. As more foreign...
On the Causes of Financial Crisis in Korea
The paper analyzes causes of the current crisis in Korea. The immediate cause of the foreign exchange crisis, leading to a banking crisis, was a complete disintermediation by foreign lenders, which, in turn, was a reflection of the belated realization...
Restoring Growth in Asia after the Late 1990s Economic Crisis: Need for Domestic and International Economic Reforms
This paper finds that the primary causes of the late 1997 Asian economic crises were 1) stronger international competition among Asian countries, 2) high levels of political influence in private economic decisions and poorly developed domestic financial...
Roles of the IMF in the Asian Financial Turmoil
The capital base of the world's central bank, the International Monetary Fund (IMF), has been almost depleted following more than $110 billion bailout packages that the IMF engineered for Thailand, Indonesia and South Korea. The Clinton administration...
The Asian Financial Crisis of 1997 and Its Consequences
In Spring 1997, currency turmoil erupted in Southeast Asia. This currency crisis, in turn, triggered the market rout on Wall Street on October 27, 1997. This article discusses interlinked capital markets, the potential impact of Asian currency crisis...
Was East Asia Illiquid or Insolvent? with Special Reference to South Korea
This paper argues that since mid-1997, East Asian crisis countries have suffered from a withdrawal of international capital flows well beyond any fundamental weakness in their economies. This has resulted in good part from "reverse free rider" behavior...

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