Most US multinational companies park their foreign earnings in jurisdictions with favourable tax policies in order to reduce their tax bill. For example, Ireland charges 12.5 % corporation tax while in the US it’s 35 %. If a multinational wants to repatriate foreign cash back to the US they need to pay the tax difference. CEIBS Prof. Cong Wang explains this taxation problem and predicts how Trump’s administration might help solve the problem.
Most discussions about China’s massive Belt & Road Initiative (BRI) tend to focus on infrastructural projects that must be completed in order to connect an economically vibrant East Asia and developed Europe by land and sea and, in the process, bring growth and development to tens of countries along the modern Silk Roads. Professor Bala Ramasamy explains why improvements in the soft infrastructure are just as vital to ensure that trade routes operate seamlessly across the various corridors of the BRI.
Parkland Chair Professor of Strategy at CEIBS Seung Ho Park explains some of his key research findings on ASEAN Champions - strong local firms operating in the ASEAN Economic Community in Southeast Asia, which is set to become the seventh largest economy in the world. Here Professor Park discusses the factors that have enabled these high-performing firms to succeed, and in many cases to beat rival multinational firms. He also shares several examples of these firms in different countries throughout the ASEAN community.
CEIBS Assistant Professor of Management Emily David joined CEIBS in mid-2016 after a stint in the United Arab Emirates where she complemented her role as an academic with mentoring participants in a female empowerment programme. Years before, she had also lived in Bolivia. Her experiences as an expatriate, like many other aspects of her life, have shaped the direction of her academic research. Now she’s in Shanghai, where, in addition to giving her all to her students she is enjoying the culinary delights. “I just want to give a personal shout out to whoever invented xiao long bao. I'm a really huge fan,” she says with a mischievous laugh. “I love that stuff, I eat it every week. That’s one of my favourite parts of living here!”
CEIBS Professor of Marketing Jeongwen Chiang takes us on a deep dive into China’s sharing economy. Among the topics he explores: why China’s sharing economy is among the most advanced and innovative in the world, which sharing platforms are most popular right now with Chinese millennials, and what criteria venture capital investors use to evaluate sharing economy start-ups.
This lecture was recorded during a session at the CEIBS Center for Emerging Market Studies Corporate Roundtable Discussion held on April 11, 2017 at CEIBS Shanghai Campus.
Prof. Wang and his co-authors, Prof. Jarrad Harford of University of Washington and Kuo Zhang of Xiamen University, looked at a sample of US-listed multinational firms that disclose their foreign cash holdings. The findings show that the more cash a firm holds overseas, the lower shareholders value that cash. The researchers also found that firms with large cash holdings overseas tend to under-invest domestically and over-invest abroad.
CEIBS Associate Professor of International Business and Strategy Shameen Prashantham met up with Head of BMW Startup Garage Gregor Gimmy in Munich. Watch as Gimmy explains how he pulled off a “startup” inside such a huge and very traditional corporation.
CEIBS Vice President and Dean Yuan Ding gives a sneak preview of his keynote speech at the upcoming 2nd CEIBS Hong Kong Forum. He will provide tips and suggestions on how businesses can benefit from Chinese mergers and acquisitions and the general flow of capital out of the country.