Inefficient investment

The research paper examines the potential implications of the Global Minimum Tax on the tax regime and investment landscape in Vietnam. The study surveyed large-scale FDI companies in Vietnam and revealed the utmost concern of foreign investors on the potential application of Pillar 2 in Vietnam, which is about the prevailing incentive schemes being left inefficient. As a result, FDI attraction competitiveness might be undermined in certain aspects.

13p longtimenosee09 08-04-2024 2 1   Download

The recommend unbundling the electricity sector to enable EDM and the energy regulator (Autoridade Reguladora de Energia – ARENE) to be managed independently, and reducing state-induced inefficiencies that limit their ability to make transparent and fair decisions on tariffs, their institutional capacity and performance, and the development of the power sector.

12p huangminghao_1902 27-02-2022 8 2   Download

The purpose of this research is to study the impact of earnings quality on investment inefficiency of listed companies on Vietnam stock market. We used secondary data of 540 listed non-financial companies on two stock exchanges which are Ho Chi Minh City Stock Exchange (HOSE) and Hanoi Stock Exchange (HNX) over a period of 10 years (2008 to 2017).

12p vijihyo2711 25-09-2021 9 1   Download

This article shows that the allocation of rare resources by collective decision-making procedures can cause inequity and inefficiency. By applying the model of Analysis benefit incidence in basic education, there is evidence that the allocation of public resources for basic education in Cameroon is a source of reproduction of inequalities and generates a social selectivity in the sense that the volume of public investment is not correlated with different levels of education on the one hand, enrolment and poverty rates by region, on the other hand.

10p 035522894 13-04-2020 19 2   Download

This paper theoretically and empirically investigates the micro-mechanism and economic consequences of legal protections of investor rights and financial development regulating firm inefficient investment based on a broad cross-sectional sample of 8548 firm-year observations of companies listed on Shanghai and Shenzhen stock exchanges in China over the period 2003 to 2011.

34p cothumenhmong4 24-03-2020 26 1   Download

This paper theoretically and empirically explores the reason why Chinese enterprises engage in inefficient investment from the government’s grabbing hand perspective on a large sample of 8501 firm-year observations between 2003 and 2011. The results suggest that influenced by the grabbing hand of local officials, private enterprises exhibit significantly higher investment distortion and inefficiency in terms of overinvestment and underinvestment than the enterprises controlled by the governments at all levels.

39p trinhthamhodang2 21-01-2020 33 2   Download

This article investigates the reaction of investors in the Bahrain Bourse toward two types of signals from the telecommunication sector: Marketing and financial announcements made by corporate management. Using an event study, six events that were announced over the period of 2011-2014 by Batelco, the only listed Telecommunication Company in the Bahrain Bourse, have been thoroughly analyzed. Results highlight that, regardless of the type of signal, investors exhibited significant reactions to all the announcements.

21p trinhthamhodang2 21-01-2020 70 1   Download

This paper measures the cost inefficiency of Vietnamese commercial banks from 2011 to 2014. Stochastic frontier analysis (SFA) is used to estimate the cost frontier. The average cost inefficiency of the whole banking system is 7.36% under intermediation approach. Findings show that state-owned banks and banks with bigger size are more efficient than joint stock or smaller ones. Negative relationships are found between efficiency and deposit-to-loan ratio as well as bank‟s age.

10p chauchaungayxua2 04-01-2020 72 0   Download

The social welfare costs of earnings management have been known to include the distortion of real investment decisions (resulting in inefficient allocation of resources), as well as deadweight loss incurred by the firms to manage earnings. One of the ways used to mitigate the effect of these costs is increasing the level of earnings management deterrence through legislation, regulation and enforcement, as in the Sarbanes-Oxley Act.

11p viankara2711 04-12-2019 16 0   Download

This paper discusses in-depth the policy impact of public financing initiatives and their subsequent side-effects raised in the process such as overlapping in funding structure across the country, lack of monitoring and evaluation for feedback, fragmentation across the government ministries and agencies, and competition with the private sector, which may cause inefficiency as a result of public intervention.

15p jangni5 04-05-2018 38 2   Download

This paper discusses in-depth the policy impact of public financing initiatives and their subsequent side-effects raised in the process such as overlapping in funding structure across the country, lack of monitoring and evaluation for feedback, fragmentation across the government ministries and agencies, and competition with the private sector, which may cause inefficiency as a result of public intervention.

16p jangni5 04-05-2018 34 2   Download

(bq) part 1 book "economics" has contents: introduction to economics; supply and demand - how markets work; markets, efficiency and welfare; the economics of the public sector; inefficient market allocations, firm behaviour and market structures, factor markets,...and other contents.

399p bautroibinhyen22 22-03-2017 46 4   Download

As Cigarette Use Declines, Tobacco Industry Follows the Money to Other Tobacco Products In August, CDC released results of the 2011 National Youth Tobacco Survey which found youth cigarette use continues to decline and now stands at 15.8 percent among high school students and 4.3 percent among middle school students. These reductions can be attributed to implementing the evidence- based policies proven to reduce tobacco use evaluated in “State of Tobacco Control.

41p nhacsihuytuan 13-04-2013 56 2   Download

Currency risk is the risk that the value of investments denominated in currencies, other than the functional currency of the Fund, will fluctuate due to changes in foreign exchange rates. Investments in foreign markets are exposed to currency risk as the prices denominated in foreign currencies are converted to the Fund’s functional currency in determining fair value. The Fund may enter into forward currency contracts for hedging purposes to reduce foreign currency exposure or to establish exposure to foreign currencies. ...

8p hongphuocidol 04-04-2013 50 6   Download

Directive also covers new issues such as the passport for third-country managers that have so far never been in the scope of CESR/ESMA’s work. In this context, the process should be seen as still very much open ended and thus as an opportunity for the alternative investment industry to fully engage with ESMA and the European Commission so as to translate the current framework into sensible and appropriate measures whenever possible. Nearly 40 implementing measures, technical standards and guidelines concern third-country AIFs or AIFMs.

5p lenh_hoi_xung 01-03-2013 53 6   Download

To promote economic development and attain the MDGs—especially the overarching poverty reduction MDG and the gender equality MDG—the global community must renew its attention to women’s economic empowerment and increase investments in women. 6 Gains in women’s economic opportunities lag behind those in women’s capabilities. This is inefficient, since increased women’s labor force participation and earnings are associated with reduced poverty and faster growth; 7 women will benefit from their economic empowerment, but so too will men, children and society as a whole.

12p machuavo 19-01-2013 42 2   Download

In many countries, babies born to women in prison stay in prison with their mother, and very young children may accompany their mothers into prison. Facilities vary widely between and within countries. Some countries have mother and baby units, with special facilities to support the mother and the child’s development. In others, babies live in the prisons without the state officially noting or monitoring their presence and without any special provision being made for them.

145p le_minh_nha 18-12-2012 51 3   Download

The size and value effects have been studied by financial economists for years. As indicated above, researchers who first discovered the effects considered them inefficiencies. One explanation is offered by behavioral finance economists. Investors overemphasize their own skill, especially when it comes to their ability to predict the future earnings growth of individual companies.

9p quaivattim 04-12-2012 58 2   Download

The controversy regarding the reasons the size and value effects have often produced high returns is important in judging the sustainability of the large returns generated by FI and similar strategies. Suppose the size and value effect are, in fact simply the reward for accepting higher risk. Larger returns for accepting higher risk should be sustainable in the long run. Risk deserves a reward even in the most highly efficient markets.

0p quaivattim 04-12-2012 56 1   Download

While the discussion of abnormal profit generation in inefficient markets can apply to any number of asset classes that trade in private markets, most of these markets suffer from a lack of data availability. The real estate market is an exception in this respect, and therefore provides an excellent laboratory for constructing a systematic view of whether and how informed institutional-level investors can generate abnormal profits through active trading in a somewhat inefficient market.

128p quaivattim 01-12-2012 74 14   Download