While many nations are still struggling from the global financial crisis and regaining their financial security, investors are considering alternative options for investing their money; and the secure financial sector is China appears as a viable option. International Cross-Listing of Chinese Firms examines the successful techniques and strategies that Chinese companies are using within their financial practices. It highlights the foreign-based multinational enterprise theories related to the major international stock markets. By providing the latest theories and research, this book will be beneficial for business practitioners, researchers, and managers interested in the relationship between cross-listing and firm valuation of Chinese firms.

Listing by companies from one country on the stock market of another country is a device often used both to raise capital in, and to increase bonding with, the target country. This book examines the listing by Chinese companies on the Hong Kong stock market. It discusses the extent of the phenomenon, compares the two different regulatory regimes, and explores the motivations for the cross-listing. It argues that a key factor, in addition to raising capital and bonding with the Hong Kong market, is Chinese companies’ desire to encourage legal and regulatory reforms along Hong Kong lines in mainland China, in order to develop and open up China’s domestic capital markets.

Takes readers through an in-depth examination of many leading industrialized nations and identifies both the drivers that propel corporations towards convergence and the major impediments that stand in the way of convergence. Also examines many mechanisms of convergence such as governance codes, MNCs, and IPOs.

Understand how to use equity market metrics such as the price/earnings ratio (and other multiples) to value public and private enterprises. This essential book gives you the tools you need to identify and qualify investments and assess business strategy and performance. Author George Calhoun, Founding Director of the Quantitative Finance Program at Stevens Institute of Technology, shows you how to use metrics to appraise mergers, acquisitions, and spin-offs. You will be able to shed light on financial market conditions, benchmark fair value assessments, and check and calibrate complex cash flow models. Market multiples share a peculiar construction: they are based on an explicit apples-to-oranges comparison of market prices with accounting fundamentals, combining data derived from two very different sources and methodologies. This creates ambiguities in interpretation that can complicate the application of these metrics for the many purposes. Multiples are thus easy to construct, but they can be difficult to interpret. The meanings of certain multiples have evolved over time, and new-and-improved versions have been introduced. The field is becoming more complex and the question of which metrics perform best can be a source of controversy. What You Will Learn Know the definitions, interpretations, and applications of all major market ratios, including: price/earnings (trailing and forward), cyclically adjusted price/earnings, cash-adjusted price/earnings, EV/EBITDA, price/sales, dividend yield, and many moreExamine the factors that drive the values of ratios from firm level (such as earnings growth, leverage, and governance) to market level (such as inflation, tax and fiscal policy, monetary policy, and international characteristics)Apply metrics in: investment analysis, index construction, factor models, sum-of-the-parts analysis of corporate structures, and detection of asset bubbles Who This Book Is For Professionals at all levels working in the finance industry, especially in fields related to investment management, trading, and investment banking who are involved with valuation and assessing and advising on corporate transactions and interpreting market trends, and university students in finance-related programs at the undergraduate and graduate levels

As is tradition this Global Voice magazine summer issue brings together the talented winning, runner-up and finalist student articles in the CoBS 2022 student CSR article competition – now, the fifth year – to sit side-by-side with insights gleaned from the published research of our professors from the now eight member schools of this alliance dedicated to responsible leadership education. No time to waste! Welcome to this special summer solstice issue of Global Voice magazine #22 and delighted to publish this special issue of the Council on Business & Society quarterly magazine for your reading and download. We’re honoured to kick off the magazine with Prof. Adrian Zicari, ESSEC Business School-CoBS, co-authoring the editorial with special guest Camille Putois, CEO of the B4IG (Business For Inclusive Growth) initiative that brings together leading global companies, subject matter experts and academia to work on strategies to develop future business for the good of the widest number of citizens and the planet. We also feature a special spotlight on Prof. Mark Smith, Dean of Stellenbosch Business School, South Africa – Africa’s leading higher education institution and the latest member school of the CoBS alliance. A focal point of the highest importance in the coming years, Mark outlines the stakes at hand for the continent and the need for education to play an essential role in promoting diversity, responsible leadership and responsible business practices. In this issue, a host of insights and research-based content hosted in two sections: Business, Society and Planet. In Business, Society the contributors tackle the impact of Artificial Intelligence on the workplace, wellbeing and society; coopetition and how business rivals can become allies for a better world; the impact of political populism on climate action; how to deal with negative workplace emotions and aim at the positive; the role of business schools in building back better; and the phenomenon of presenteeism in companies that ultimately leads to poorer performance for firms – and poorer health for its employees. In the Planet section, you’ll find insights on how corporations can become more sustainable; an exploration of greenflation and the challenges facing our transition to a green economy; the stock exchange and building corporate value for potential investors through CSR; a spotlight on the ground-breaking ISE sustainability index in Brazil by one of its founders, Prof. Mario Monzoni; how to cope with the barriers in the way of reaching Net-Zero; and practitioner insight from ESG consulting firm Ksapa on designing solutions for resilient raw materials supply. In addition, our CoBS design team provides its usual beautiful graphics and our latest wry take on modern times with our opening double-page cartoon. And if you wish to apply for one or several of the top-ranked degree programmes offered by our CoBS member schools, outlines of these and contact details can be found throughout the magazine. Apply now – and positively change both your life and those of others! Do what you have to do And finally, a word on the latest Global Voice magazine front cover and its accompanying subtitle. For some of us, the strawberry may be associated with June and the long summer months – succulent, sun-drenched and tasty. This time, this gift of nature looks in a pretty bad way. “Food”, as it were, “for thought” in today’s chaotic context of supplies of essential necessities and the probable food risks for the wider world that conflict and intolerance in Europe may bring us. So interpret the cover wisely – and do what you have to do. No time to waste! Enjoy your reading! Tom Gamble, Council on Business & Society

This text examines the domestic and global consequences of Chinese state capitalism, focusing on the impact of state-owned enterprises on regulation and policy, while placing China's variety of state capitalism in comparative perspective.

Banking entities have significant involvement and impact on the structure of a nation’s economy. By utilizing the proper strategies and available data, banks can act as an effective financial instrument for economic enhancement. Examining the Role of National Promotional Banks in the European Economy: Emerging Research and Opportunities is a pivotal reference source for the latest perspectives on the performance and evaluation of National Promotional Banks (NPBs) within European economic contexts and their impact on social welfare. Featuring relevant coverage across innovative topics, such as funding, productivity, and financial structure indicators, this publication is ideally designed for professionals, academics, graduate students, and practitioners seeking investigations on the European NPB business model.