Special Issue Call for Papers

Journal of Finance and Economics

Special Issue Call for Papers

Special Issue on Transportation infrastructure and foreign direct investment—cases from emerging markets with special focus on Latin America

Transportation infrastructure availability is a key factor shaping business location decisions and hence foreign direct investment (FDI) inflows. Countries with more efficient interconnected transportation networks might be more competitive and attractive for the private sector when deciding to relocate or to start operations in a new location. Several authors have discussed the importance of infrastructure in attracting FDI. These include Wheeler and Mody (1992), Loree and Guisinger (1995), Kinoshita (1998), Richaud et al. (1999), Canning and Bennathan (2000), Kumar (2001), Asiedu (2002, 2006), and Ochi, et al 2012 among others.

When selecting a location to do business, foreign direct investors typically face the tradeoff between moving to an emerging economy to take advantage of lower labor costs and higher transport costs due to inadequate transportation infrastructure. Transportation public capital may improve the productivity of FDI. While studies have concentrated on developed economies, research on emerging markets and particularly in Latin America are scarce.

This special issue is devoted to investigate the role of transport infrastructure and other key determinants in enhancing the attractiveness of FDI recipient countries. Authors are expected to provide their research results at the global, national, state, municipal, or firm level and compare them. Priority will be given to econometric articles (e.g. spatial, dynamic, panel data, time-series, instrumental variables, etc) aimed at providing quantitative analysis in addition to suggested empirical evidence.

About the issue

The scope of topics covered in the this issue include:

  • Role of transportation infrastructure and macroeconomic variables on the attractiveness of foreign direct investment in developing countries with special focus on Latin America.
  • Explore what are the key determinants of foreign direct investments and who are the key FDI decision makers.
  • Identify what are the key determinants of public and private investment in transportation infrastructure.
  • Document how foreign direct investors evaluate the efficiency of transportation infrastructure systems in each country.
  • Assess how much investment in public capital stocks (i.e. airports, highways and the like) increases output.
  • Document mechanisms for carrying out self-financing infrastructure projects outside of existing budget caps.
  • Use of economic and statistical methods of analysis in panel data research.

Important dates

Submission Deadline: February 28, 2015
Notification of Acceptance: March 31, 2015
Final Version Due: April 30, 2015
Special Issue Publishing Date: May 31, 2015

Chief Guest Editor

Arturo Bujanda
Texas A&M Transportation Institute
Email: a-bujanda@tamu.edu

Submit your article now

Manuscripts should be submitted as an attached file to an e-mail directed to the Chief Guest Editor, Arturo Bujanda at the address: <a-bujanda@tamu.edu>

Special Issue on Valuation of Mineral Assets

The Special Issue will review latest developments in the area of subsoil assets valuation in view of the recent developments on System of integrated Environmental and Economic Accounts (SEEA) and the Canberra Initiative. The papers will present reviews of fundamental issues regarding valuation methodologies of mineral deposits: 1) recommended by mineral industry standards; 2) used for disclosures in financial statements and 3) adopted in national statistics. Authors will be expected to discuss various regulations as well as developments regarding key valuation methods. Papers analyzing issues which are not shared by most of other types of assets like inclusion of decommissioning and rehabilitation costs or consequences of long duration of investment phase will be especially welcomed.

About the issue

The scope of topics covered in the this issue include:

  • Mineral assets valuation
  • Mining
  • Mineral commodities markets
  • Financial evaluation of mineral projects
  • Decommissioning and land rehabilitation

Important dates

Submission Deadline: December 31, 2014
Notification of Acceptance: January 31, 2015
Final Version Due: April 01, 2015
Special Issue Publishing Date: May 15, 2015

Chief Guest Editor

Robert Uberman
A.F. Modrzewski Krakow, Academy in Krakow, Poland
Email: robertuberman@poczta.onet.pl

Guest Editor

Piotr Saługa
AGH-University of Science and Technology of Cracow
Email: psaluga@zarz.agh.edu.pl

Sasa Zikovic
Finance Faculty of Economics University of Rijeka
Email: szikovic@efri.hr

Submit your article now

Manuscripts should be submitted as an attached file to an e-mail directed to the Chief Guest Editor, Robert Uberman at the address: <robertuberman@poczta.onet.pl>

Special Issue on Multinational Capital Budgeting

Capital budgeting for foreign direct investments carries complexities that do not affect the corporate decision process for domestic projects: exchange rate fluctuations, political and financial risk of the host country, cost of capital and optimal capital structure in an international setting, differences between project and parent company cash flows, foreign tax regulations, host government controls, etc.. This special issue is of interest in original high quality theoretical and empirical studies that give a relevant contribution to the existing literature on multinational capital budgeting subject by analyzing the relevant variables that affect the capital budgeting for foreign direct investments and by developing models aiming at handling the complexities associated with non domestic business.

About the issue

The topics of this special issue include, but are not limited to:

  • Foreign direct investment under uncertainty;
  • Choice, timing and localization of foreign direct investments;
  • Foreign markets entry mode choices and exit decisions;
  • Corporate currency exposure and foreign direct investments ;
  • Management of the operating, transaction and translation exchange rate exposure;
  • Parent versus project perspective for the valuation of foreign direct investments;
  • Political risk (in all its forms) and multinational capital budgeting;
  • Valuing political risk for multinational enterprises;
  • Greenfield investments versus cross border merger and acquisitions;
  • Payment methods for cross border merger and acquisitions;
  • International joint ventures;
  • Agency costs and foreign direct investments;
  • Taxation complexities in the multinational capital budgeting context;
  • Real option approaches to multinational capital budgeting;
  • Analysis of multinational enterprises strategies through real options ;
  • Real options in multinational decision making;
  • Valuing the operating flexibility of multinational enterprises;
  • International capital asset pricing models;
  • Capital structure puzzle for multinational enterprises ;
  • Multinational capital budgeting for banks and other financial institutions;
  • Multinational capital budgeting for foreign direct investments in emerging countries;
  • Multinational capital budgeting for foreign direct investments in developed countries;
  • Multinational enterprises corporate risk management;
  • Assessing the impact of the recent financial crises on foreign direct investment and on the multinational capital budgeting process

Important dates

Submission Deadline: February 28, 2014
Notification of Acceptance: April 30, 2014
Final Version Due: May 31, 2014
Special Issue Publishing Date: July 2014

Chief Guest Editor

Dr. Fabio Pizzutilo
University of Bari – Dept. of Business and law studies
Email: fabio.pizzutilo@uniba.it

Submit your article now

If you would like to submit an article to this special issue, please send your submissions via email directly to our guest editor, Dr. Fabio Pizzutilo <fabio.pizzutilo@uniba.it>.

Special Issue on Behavioral Corporate Governance

A wave of research in cognitive psychology demonstrates that managers like other individuals are frapped by some psychological, emotional and cognitive biases. This is the source of the emergence of “Behavioral Corporate Finance”. In this approach, managers are governed by their optimism, overconfidence among other biases. A thing that can explain distortions on corporate decision. CEOs personal psychology should be then considered as a strong factor that can explain observed anomalies at the firm level. The aim of this special issue is to explore the effect of corporate governance to control managerial psychological biases and their emotions. This special issue allows as to initiates a new approach of corporate governance: “The Behavioral Corporate Governance”.

About the issue

The topics of this special issue include, but are not limited to:

  • Corporate governance mechanisms and managerial optimism;
  • Corporate governance mechanisms and managerial overconfidence;
  • Irrational boards versus rational managers;
  • Irrational managers versus rational boards.

Important dates

Submission Deadline: June 30, 2013
Notification of Acceptance: July 31, 2013
Final Version Due: August 31, 2013
Special Issue Publishing Date: September 15, 2013

Chief Guest Editor

Pr. Abdelfatteh Bouri
Faculty of Management, FSEG Sfax Tunisia
Email: Abdelfettah.bouri@fsegs.rnu.tn

Guest Editor

Dr. Ezzeddine Ben Mohamed
FSEG Sfax Tunisia
Email: Benmohamed.ezzeddine@yahoo.fr

Dr. Amel Baccar
Faculty of Management, FSEG Sfax Tunisia
Email: Amel.baccar@yahoo.fr

Submit your article now

If you would like to submit an article to this special issue, please send your submissions via email (word format only) directly to our guest editor, Abdelfatteh Bouri<Abdelfettah.bouri@fsegs.rnu.tn>.