Download e-book for iPad: A Cape of Asia: Essays on European History (AUP - Leiden by H. L. Wesseling

By H. L. Wesseling

ISBN-10: 9087281285

ISBN-13: 9789087281281

A Cape of Asia collects eighteen essays by means of H. L. Wesseling, an across the world well known historian. A wide-ranging learn of an array of topics, this quantity is split into 3 sections: “Europe’s Identity,” a mirrored image at the shift from Eurocentrism to Americanization and Europe’s reputation of Asian international locations as new key performs within the worldwide economic climate; “The Wider View,” a historic eu viewpoint on globalization, migration, and decolonization; and eventually “European principles approximately schooling, technological know-how, and Art.” either own and highbrow, Wesseling’s essays contain an incisive examine the interbellum years and a comparability of energy constructions in Europe and Asia.

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Extra info for A Cape of Asia: Essays on European History (AUP - Leiden University Press)

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In other East Asian economies the relationship between excess value and complementarity is not significant. S. firms show a significantly positive relationship between excess value and complementarity. Thus diversification (in terms of number of segments) lowers firm value in several East Asian economies, vertical integration lowers firm value in most East Asian economies, and complementary diversification increases firm value in some East Asian economies. S. S. firms is higher when firms have fewer segments and when the segments are vertically or complementarily related.

Figure 22. 1 C= V C< V =1 0. 75 < C/ V =C /V <1 0. 75 /V < 5< =C 25 < 0. 0. 2 and control rights. The 4 percent discount related to group affiliation is concentrated among firms where cash-flow rights are lower than control rights. Indeed, when cash-flow rights are equal to control rights, group affiliation increases firm value. Conclusion Group affiliation is widespread among publicly traded corporations in East Asia. Moreover, group-affiliated firms are more likely to diversify than independent firms.

In group-affiliated firms where cash-flow rights are equal to control rights, excess value is 14 percentage points higher than in other group-affiliated firms, with the difference statistically significant at the 1 percent level. This finding shows the importance of controlling for the risk of expropriation, which is highly correlated with a divergence of cash-flow rights from control rights. Figure 22. 1 C= V C< V =1 0. 75 < C/ V =C /V <1 0. 75 /V < 5< =C 25 < 0. 0. 2 and control rights. The 4 percent discount related to group affiliation is concentrated among firms where cash-flow rights are lower than control rights.

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A Cape of Asia: Essays on European History (AUP - Leiden University Press) by H. L. Wesseling


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