Discover the four traits of the best performing, but least known, breakout firms in BRIC countries «Rough diamonds» are the best performing firms in the BRIC (Brazil-Russia-India-China) countries. These firms compare favorably with the top 500 firms and the top 25 manufacturing firms in their countries and comparable firms worldwide, exceeding them profit margins and return on assets over an extended time period. This book outlines who these firms are and explains their exemplary performance through the Four Cs for Sustaining High Performance: Capitalizing on late development; Creating Market Inclusive Niches; Crafting Operational Excellence; and Cultivating Profitable Growth. Offers a description of the four major traits that high performance companies in Brazil, Russia, India and China have in common Contains company profiles from BRIC countries that have proved to be successful Written Sam Park the president at Skolkovo-Ernst & Young for Emerging Market Studies and Chair Professor of Strategy at Moscow School of Management Skolkovo This important resource outlines the four traits of the best performing, but least known, breakout firms in BRIC countries.
BRIC or BRICs are the acronym used to refer to the combination of the four biggest emerging-market countries: Brazil, Russia, India and China. Goldman Sachs has argued that, since the four BRIC countries are developing rapidly, by 2050 their combined economies could eclipse the combined economies of the current richest countries of the world. This book evaluates the strength of the BRIC economies and compared them against the USD.
This is a comprehensive, well-organized and clearly written analytic research on Foreign Direct Investments. This is now the obvious text to choose for any undergraduate or graduate program in International Business and Economics. As one of its key feature, this book included a lot of graphics and charts illustrating and analyzing major recent trends in FDI inflows and outflows for BRIC countries. Major focus of the book is to convey elaborate research on the relationship between FDI inflows and economic development and to draw result on BRIC countries. The BRIC refers to a group of four emerging countries comprising Brazil, Russia, India and China. These four are distinguished by several characteristics that set them apart as virtual global powers, if in the making. The BRICs present a fascinating study of development and growth. In this book, an attempt is made to discuss the growing flows of FDI or foreign direct investment to the BRICs and trace the link that FDI may have in leading to the BRICs’ rising growth and dominance. The inescapable conclusion emerges that the BRICs are likely to grow in size and prominence in the years to come.
The goal of this publication is to demonstrate the financial condition and stability of several chosen oil companies in the BRIC group of countries (Brazil, Russia, India and China). The BRIC countries are experiencing economic setbacks and it might be the time to buy equities in their companies. In recent years these countries were noted because of their rapid economic growth. Between 2000 and 2008, they averaged annual GDP growth expansion of 8%, almost 6% below the average for the G7 countries. Now, slower economic growth is causing their stock markets to tumble, presenting an opportunity for investors to buy what others are fleeing.
The purpose of this book was to determine if investors seeking higher rates of return in emerging countries (Brazil, Russia, India and China) are compensated for the higher risks they expose themselves to than if they invested in a developed nation. This study factored in the exchange rate risk and the systematic risk, measured by the betas, obtained by using regression analysis on historical data.
Retailing in BRIC countries which are visualized as a sunrise industry expected with sustained growth in future. In this perspective the book addresses the various environmental factors of BRIC countries and more so in India [CMA] in detail, since the concept of modern retailing is still in nascent stage. This book precisely traces the various issues of Retailing in India especially Retail Industry structure, Size of the industry, Purchasing Behaviour, Foreign Direct Investment, factors for retail boom, etc.
Literature reviews have indicated that there is a paucity of accounting and auditing literature on the state of EDP auditing in developing countries, particularly relating to Jordan. Moreover they have indicated that no previous study has dealt with the linkage between an expectations gap – the reasonable expectation by the Jordanian public-at-large contemporary audit technology (CAATs) would be used by Jordanian audit firms in their audit processes applied to Jordanian companies using computer technology. This investigation of the presence of audit technology, and where the Jordanian audit firms stand in relation to it, will characterize the use of advanced computer assisted audit techniques by international audit firms worldwide, and how Jordanian firms are coping with the newest audit technology. This study aims at narrowing of the audit technology gap – the gap between the techniques actually used in the audit of Jordanian public companies and the reasonable expectations (in that respect) of the users of their audited financial statements.
Valuation and the term value always were disputable issues in financial world. Different types of value, different techniques of value estimation, plenty of factors influencing value are the main issues of financial articles in various respectable financial magazines. Recent financial crisis increased the intense around these issues in all over the world and brought new momentum to the question on how reliable market value reflects real (fundamental) value of companies, what makes this value increase or decrease etc. This paper is focused on the defining the level of influence by fundamental value of company on its market value in BRIC countries. And as a basis for fundamental valuation the Residual Income Model was taken complemented by the value of intangible assets, whose role in value creation is raising in XXI century.
This paper tests for differences between Value-at-Risk (VaR) and Expected Shortfall (ES) estimates from a euro-investor perspective. Using a copula approach compared to normality assumptions for the BRIC stock markets, using data between January 2007 and December 2010. VaR and ES are estimated using standard normality assumptions and with the use of copulas in which first the markets’ marginal distributions are estimated, after which the right copula for the indicated dependence between markets is determined based on maximum likelihood and Kendall’s tau estimates. Employing Monte Carlo simulation, this research finds that daily VaR estimates can be as much as 1.73% higher for those based on copulas. This effect is mainly caused by the presence of tail dependence in the markets under research. Similarly, ES estimates differ up to 4.19%. This research therefore indicates that risk measures based on normality assumptions severely underestimate risk in these markets due to their inability to take tail dependence into account.
Recent studies have shown that most developing countries are not able to maintain export relationships for long. According to some researchers, this is one of the key reasons for the poor export performance that many developing countries have experienced over the years. This revelation has necessitated further studies into why export relationships are not sustained for developing countries. Most studies have used firm- and product-level data to analyse the causes of the failure of firms in export markets and have found the survival analysis technique as the most suitable method to use. Ghana is one of the many developing countries that have struggled to improve export performance, especially manufacturing exports. Interestingly, no known study has either investigated the nature of the length of trade relationships for Ghanaian exporting firms or investigated the factors that influence failure of Ghanaian exporters.
The research conducted in this book examines the entrepreneurial orientation (EO) of the Indigenous or Bumiputera entrepreneurs (Malay firms) in Malaysia by taking personality traits, cultural background and government aided programs as the antecedents. These constructs are used to explain the influence of entrepreneurial orientation (EO) and its’ consequences towards firm performance. Based on the Multiples Linear Regression (MLR) analysis, it can be concluded that in Malay firms, the relationship between personality traits, cultural background and government aided programs with firm performance were not mediated by entrepreneurial orientation (EO). However, the entrepreneurial orientation (EO) construct is significant as predictor towards firm performance. The research provides a better understanding of the indigenous entrepreneurs for policy makers, NGOs, business support organizations and the indigenous entrepreneurs themselves, particularly in relation to personality traits, cultural background and government aided programs
India is one of the fastest emerging economies and one after another study has projected India among the leading economies of the future. The role and significance of India in the global economy is increasing continuously. However, there is a dearth of literature on India in management, in general, and in strategy, in particular. This book presents the findings from the research study of the practice of four very important aspects of strategy in the Indian context namely, strategy in India: an overall perspective, competitive strategy, strategic alliances & joint ventures and corporate entrepreneurship. The book elaborates the current state of practice of strategy, the types of strategy in practice, reasons for firms for going for strategy, impact on the performance of the firms and future plans for strategy. The findings are based on the research study on the Top 100 successful firms from twenty industries in India, including Indian and foreign firms as well as public sector and private sectors firms. This book provides interesting insights on the practice of strategy in India and is a must read for anyone interested in strategy in India.