CEO’s Problem-Solving Styles and Middle Managers’ Job Performance under the Context of Task Uncertainty

Autor:	Hee Ok Lee, Dong Seop Chung, Jinxi Michelle Li
Rok vydání:	2017
Předmět:	Finance 050208 finance business.industry 05 social sciences Financial market Currency crisis Sudden stop Currency Capital (economics) 0502 economics and business Financial crisis Business 050207 economics Emerging markets Herd behavior
Zdroj:	International Journal of Business Policy and Strategy Management. 4:63-68
ISSN:	2207-0559 2206-3021
DOI:	10.21742/ijbpsm.2017.4.1.11
Popis:	Although capital inflows affect positively economies in long-run, it is possible to generate somehow destructive effects if there is no any control on financial markets. This study tries to explore main determinants of large capital inflows episodes to emerging markets. It is also investigated whether the large capital inflows episodes lead to financial crises in forms of sudden stop phenomenon, currency and banking crises. To this end, annual data for 44 emerging countries have been used during 1970-2011. The empirical results have shown that the lagged period of large capital inflows episodes (so-called as the bonanza phenomenon) and the related contagion are most important variables to explain these phenomena in international capital markets. Overall, the results indicate that herding behavior is a key determinant of bonanza episodes in the selected
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::3257d39e16e7a702ae08ddc8d898e7eb https://doi.org/10.21742/ijbpsm.2017.4.1.11 Zobrazit plný text záznamu