BRICS Countries Challenge to the World Economy New Trends

Rădulescu, Irina Gabriela; Panait, Mirela; Voica, Catalin

doi:10.1016/s2212-5671(14)00135-x

Cited by 60 publications

(31 citation statements)

References 2 publications

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“…The evidence is consistent with that of Radulescu, Panait, & Voica (2014), who state that BRICS has a much better economic performance compared with that of developed countries. Financial crisis is not a vital problem to BRICS because the economic expansion of the group is influenced by input factors and enormous scales of population and resources.…”

Section: Financial Hegemony Groups and Financial Value Of The Firmsupporting

confidence: 88%

“…A good judgment of which location is the best for geopolitical stability may help companies to decrease their transaction costs, reduce uncertainty, build consistent expectations for economic interactions, and thus, increase the financial and non-financial value of the firm. In academia, this issue has come under careful scrutiny as indicated by several recent studies (e.g., Saravanamuttu, 2012;Radulescu et al, 2014;Immanuel, 2014).…”

Section: Discussionmentioning

confidence: 99%

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Financial Hegemony, Diversification Strategies and the Firm Value of Top 30 FTSE Companies in Malaysia

Yusoff¹,

Salleh²,

Ahmad³

et al. 2016

ASS

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This study investigates the relationships between financial hegemony groups, global diversification strategies and firm value of the Malaysia's 30 largest companies listed in FTSE Bursa Malaysia Index Series during 2009 to 2012 period. We chose Malaysia as an ideal setting because the findings contribute to the phenomenon of the diversification-performance relationship in the Southeast Asian countries. We apply hegemony stability theory to explain the importance of financial hegemony groups in deciding international locations for operations. By using panel data analysis, we find that financial hegemony groups are significantly important in international location decisions. Results reveal that the stability of financial hegemony in BRICS and G7 groups enhances the financial value of the Malaysia's 30 largest companies, whereas the stability of financial hegemony in ASEAN groups is able to enhance the non-financial value of the firms. Overall, this paper suggests that in order to diversify globally, it is necessarily for the manager in the guest country to evaluate and fully understand the host country's geopolitical situation and its financial stability.

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Section: Financial Hegemony Groups and Financial Value Of The Firmsupporting

confidence: 88%

Section: Discussionmentioning

confidence: 99%

Financial Hegemony, Diversification Strategies and the Firm Value of Top 30 FTSE Companies in Malaysia

Yusoff¹,

Salleh²,

Ahmad³

et al. 2016

ASS

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“…Further on, developments of such a study [27][28][29][30] could also provide the most suitable model describing this side of international migration and other controversial aspects having totally different evolutions, features, and motivation than other modern migration inflows previously analyzed. Europe is now different, as it is the case for the whole world from both a socio-economic but also political perspective.…”

Section: Discussionmentioning

confidence: 99%

A Chaos Theory Perspective on International Migration

2017

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This paper aims at providing a different approach to international migration analysis, beyond classical models previously proposed by specialized literature. Chaos theory is getting more and more applied into macroeconomics once traditional linear models or even previous dynamic analysis become less suitable. Modern science sees chaos as unpredictable evolution, maybe even disorder. Still, chaos has got its own rules and can describe many dynamic phenomena within our world. Thus, we test whether international migration data falls under the rules of chaos and whether recent developments within the "European migration crisis" (the total daily migration inflows towards the coasts of Italy, by sea,

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“…Since O'Neill (2001) enlightened the world about the patterning of the BRICS, an emerging literature has examined various aspects of their potential, such as market opportunities (Cheng et al, 2007;Mobarek & Fiorante, 2014;O'Neill, 2011), rising powers (Jacobs & Van Rossem, 2014;Laïdi, 2012), competitive input of factors (Radulescu, Panait, & Voica, 2014), and strong foreign currency reserves (Radulescu et al, 2014). Researchers such as Jacobs and…”

Section: Settingmentioning

confidence: 99%

“…Luna, 2016), has shifted world focus from developed economies to emerging economies, especially cross-regional integrations such as BRICS. Additionally, the high levels of foreign currency reserves and high investment rates among these countries have fueled the integration of BRICS vis-à-vis developed countries (Radulescu et al, 2014). According to World Bank data for 2015, the BRICS countries have more than 3 billion people, a number that is more than the combined population of the USA and Canada and accounts for 42% of the world's population.…”

Section: Settingmentioning

confidence: 99%

Efficiency in BRICS banking under data vagueness: A two-stage fuzzy approach

Azad¹,

Emrouznejad

2018

Global Finance Journal

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This study analyzes the efficiency levels of the banking industry in the BRICS countries (Brazil, Russia, India, China, and South Africa) from 2010 to 2014, using an integrated two-stage fuzzy approach. Very often the reliability of data collected from BRICS is questionable. In this research, we first use fuzzy TOPSIS to capture vagueness in the relative efficiency of BRICS banking over time. In the second stage, we adopt fuzzy regressions based on different rule-based systems to enhance the power of significant socioeconomic, regulatory, and demographic variables to predict banking efficiency. These variables are previously identified by using bootstrapped truncated regressions with conditional α-levels, as proposed by Wanke, Barros, and Emrouznejad (2015a). The results reveal that efficiency in the banking industry is positively associated with country gross savings and the GINI index ratio, but negatively associated with relatively high inflation ratios. Fuzzy regressions proved far more accurate than bootstrapped truncated regressions with conditional α-levels. We derive policy implications.

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BRICS Countries Challenge to the World Economy New Trends

Cited by 60 publications

References 2 publications

Financial Hegemony, Diversification Strategies and the Firm Value of Top 30 FTSE Companies in Malaysia

Financial Hegemony, Diversification Strategies and the Firm Value of Top 30 FTSE Companies in Malaysia

A Chaos Theory Perspective on International Migration

Efficiency in BRICS banking under data vagueness: A two-stage fuzzy approach

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