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At one time, the top jobs in subsidiaries of Western companies located in Hong Kong were held by Westerners. Only recently have companies moved to fill professional positions with local talent. But as the localization process has speeded up, the once plentiful supply of talent is shrinking dramatically. Hong Kong Chinese professionals are leaving from fear of what repatriation with the PRC will bring. 相似文献
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There is a concern that the state dominated, inefficient and fragile banking systems in many low-income countries, especially Sub-Saharan Africa, are a major hindrance to economic growth. In this context, this article systematically analyses the impact of the far-reaching banking sector reforms undertaken in Uganda on banking sector competition and efficiency. Using models of banking competition and efficiency that have been predominantly estimated in industrial countries, we find that the level of competition has significantly increased and has been associated with a rise in efficiency of the sector. Moreover, on average, larger banks and foreign-owned banks are more efficient than others while smaller banks have fallen back in efficiency with the increase in competitive pressures. 相似文献
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Joshua Felman Simon Gray Mangal Goswami Andreas A. Jobst Mahmood Pradhan Shanaka Peiris Dulani Seneviratne 《Asian-Pacific economic literature》2014,28(1):60-75
Since the late 1990s' Asian crisis, ASEAN‐5 countries have expended considerable effort in developing their bond markets. However, the size of these markets relative to GDP has hardly changed. Can we explain this? And does it mean that domestic markets have not, in fact, developed? The article argues that bond market growth has been held back by a sharp fall in business investment, which has left firms with little need for bond borrowing. Even so, markets have developed in other ways, to such an extent that substantial amounts of foreign portfolio investment have begun to flow into ASEAN‐5 bonds. These developments have important ramifications. With the investor base growing and infrastructure investment likely to rise, ASEAN‐5 bond markets could expand rapidly, holding out the prospect that the region could finally achieve ‘twin engine’ financial systems in the near future. 相似文献
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This paper considers the class of m-variate autoregressive moving average (ARMA) processes with stable innovations and time dependent coefficients. A set of
suitable AR and MA regularity conditions is given to ensure existence and uniqueness of valid solutions. A simple form of
the above solution is expressed in terms of one sided Green's matrix functions associated with the AR operator. We solve the
prediction problem arising in this class of models. A few examples are added to support the general theory. 相似文献
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Kathy Wachter Scott J. Vitell Ruth K. Shelton Kyungae Park 《Business ethics (Oxford, England)》2012,21(1):115-128
As customer return rates increase, retailer bottom lines suffer from customers’ misuse of the policies and to the ethics of such practice. The purpose of this study is to explore customers’ orientation toward return behaviors, and to develop a return orientation assessing these dimensions. This research identified three dimensions relevant to consumer return behavior: the planned/unethical returner; the eager returner; and the reluctant/educated returner. A retest with another sample confirmed these three dimensions. Each dimension was analyzed for its relationship with consumer ethical beliefs as measured by the Muncy–Vitell Consumer Ethics Scale, ethical philosophies and shopping behaviors. These relationships supported the ethical and unethical aspects of returner orientation. Results of this research imply that the core aspect of returner orientation is relevant to ethical behavior and misuse of retail return policies. The three return orientations identified partially support the Rosenbaum & Bitner‐Olson research. 相似文献
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