Equity investment in China: past experience and prospects
In this paper the focus is on foreign direct investment (“FDI”) where an investor has a degree of control over a business which is more significant than that of a portfolio investor. In other words the investor is able to impact upon the management and operations of the enterprise. Its quantum and function are important to gauge especially in developing countries because: · it is generally longer term and less mercurial than portfolio investment, bank lending and traditional bond based...[Show more]
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