Search results for " emerging markets"
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Testing the financial market informational efficiency in emerging states
2012
The Efficient Markets Hypothesis (EMH) has been one of the most influential ideas in the past years and highlights that assets prices incorporate all information rationally and instantaneously. The last financial crisis has led to criticism of this hypothesis. Many practical observations concerning the reaction of investors, but also the mechanisms for the information encompassing in the price of stocks, come to highlight the aspects of 'market inefficiency'. Despite its simplicity, the EMH is surprisingly difficult to test and considerable care has to be exercised in empirical tests. It has attracted a considerable number of studies in empirical finance, particularly in determining the mar…
MULTINATIONAL ENTERPRISES – DYNAMICS AND TRENDS
2012
Multinational enterprises (MNEs) represent both cause and result of the new economic geography of globalization. Thus, the dynamics and trends of the world’s most influential MNEs contribute decisively to the new global architecture and to the economic development, being influenced, at their turn, by these processes of continuous reconfiguration and evolution that take place on the global arena. The paper proposes a comparative (in space) and historical (in time) analysis of the most well known global rankings of the multinational enterprises – Fortune Global 500 on one hand, and The world's top 100 non-financial TNCs, ranked by foreign assets and Top 100 non-financial TNCs from developing …