Regional headquarters of multinational companies, investment companies,research and study centers and other'headquarter economy'of multinational companies gather in Shanghai.
In this high-speed globalization era,the opportunities for multinational companies(MNCs)have become vast.In such situation,these companies can obtain maximum profit only if they know how to use workforce properly.This...In this high-speed globalization era,the opportunities for multinational companies(MNCs)have become vast.In such situation,these companies can obtain maximum profit only if they know how to use workforce properly.This paper aims at analyzing how these MNCs can use international workforce without violating ethics,universal labor rights,and human resource rules.For this purpose,two most favored countries i.e.,China and Indonesia have been taken and compared throughout the paper.The first part of this paper deals with the introduction of the profile of above mentioned two countries and opportunities to the MNCs.The second part deals with the roles of institutions in dealing with labor workforce.The third part indicates divergent paths and the convergence of the globalization with its impact over host countries.The final part concludes the entire discussion in a few paragraphs.The entire paper has been developed keeping the scholarly work,journal articles and critical analysis factor under consideration.展开更多
To investigate hedging effectiveness of multinational companies in respect of using currency derivatives,the author adapts an innovative and multi layers GJR-GARCH-based model.This model broke down the currency risk f...To investigate hedging effectiveness of multinational companies in respect of using currency derivatives,the author adapts an innovative and multi layers GJR-GARCH-based model.This model broke down the currency risk faced by MNCs in each business area and added six control variables other than foreign sales ratio,all these variables have been proved to be related to MNCs'currency risk exposure but was not included into previous models.Moreover,this model absorbs advantages of several models built in previous studies and combines them into a whole,intact model.This paper also employed a wide research scope,using a sample of 48 non-financial and 28 financial firms headquartered in USA.Also,comparison between financial and non-financial firms is an innovation of our research.According to the result,hedging of non-financial companies in respect of currency risk is ineffective,and financial companies are more likely using currency derivatives to speculate.展开更多
Since China＇s accession to the WTO in 2001, China has been on a steep learning curve in terms of engaging in outward direct investment, and state-owned enterprises （SOEs） have played a predominant role in this driv...Since China＇s accession to the WTO in 2001, China has been on a steep learning curve in terms of engaging in outward direct investment, and state-owned enterprises （SOEs） have played a predominant role in this drive. We argue that investment overseas by SOEs is a double-edged sword as far as its impact on domestic reform is concerned. Investing overseas offers opportunities to deepen structural reform in China, but such investment could also strengthen the monopoly position of some SOEs, which is inconsistent with the objective of domestic reform. Therefore, it is important for China to deepen domestic reform with respect to competition, ownership and regulations, to maximize the benefits from investing overseas＇. The present paper also discusses how building market-compatible institutions will resuh in increased innovation. This provides opportunities for Chinese firms to effectively catch up with the advanced technologies to remain competitive in overseas markets.展开更多
文摘Regional headquarters of multinational companies, investment companies,research and study centers and other'headquarter economy'of multinational companies gather in Shanghai.
文摘In this high-speed globalization era,the opportunities for multinational companies(MNCs)have become vast.In such situation,these companies can obtain maximum profit only if they know how to use workforce properly.This paper aims at analyzing how these MNCs can use international workforce without violating ethics,universal labor rights,and human resource rules.For this purpose,two most favored countries i.e.,China and Indonesia have been taken and compared throughout the paper.The first part of this paper deals with the introduction of the profile of above mentioned two countries and opportunities to the MNCs.The second part deals with the roles of institutions in dealing with labor workforce.The third part indicates divergent paths and the convergence of the globalization with its impact over host countries.The final part concludes the entire discussion in a few paragraphs.The entire paper has been developed keeping the scholarly work,journal articles and critical analysis factor under consideration.
文摘To investigate hedging effectiveness of multinational companies in respect of using currency derivatives,the author adapts an innovative and multi layers GJR-GARCH-based model.This model broke down the currency risk faced by MNCs in each business area and added six control variables other than foreign sales ratio,all these variables have been proved to be related to MNCs'currency risk exposure but was not included into previous models.Moreover,this model absorbs advantages of several models built in previous studies and combines them into a whole,intact model.This paper also employed a wide research scope,using a sample of 48 non-financial and 28 financial firms headquartered in USA.Also,comparison between financial and non-financial firms is an innovation of our research.According to the result,hedging of non-financial companies in respect of currency risk is ineffective,and financial companies are more likely using currency derivatives to speculate.
文摘Since China＇s accession to the WTO in 2001, China has been on a steep learning curve in terms of engaging in outward direct investment, and state-owned enterprises （SOEs） have played a predominant role in this drive. We argue that investment overseas by SOEs is a double-edged sword as far as its impact on domestic reform is concerned. Investing overseas offers opportunities to deepen structural reform in China, but such investment could also strengthen the monopoly position of some SOEs, which is inconsistent with the objective of domestic reform. Therefore, it is important for China to deepen domestic reform with respect to competition, ownership and regulations, to maximize the benefits from investing overseas＇. The present paper also discusses how building market-compatible institutions will resuh in increased innovation. This provides opportunities for Chinese firms to effectively catch up with the advanced technologies to remain competitive in overseas markets.
