This paper investigates the impact of U.S. monetary policy on capital flows to emerging market economies and examines the role of capital controls in moderating this effect. Using a fixed-effects model with panel data from 19 developing nations spann...
This paper examines the relationship between infrastructure investment activity, capital market development, the role of public institutions and economic development in the Asia Pacific. It adopts a review approach drawing on empirical evidence over...
This study investigates the cointegrating and causality relationships between foreign direct investment (FDI), foreign portfolio investment (FPI) and institutional quality in a sample of 12 emerging market economies for the period from 2007 to 2017....
Financial regulation assumes that parent firms reliably support distressed subsidiaries during crises. We test this assumption with evidence from the 2007–2009 financial crisis and find that parent support was selective rather than reliable. Us...
Amidst a backdrop of global economic challenges and shifting market dynamics, this study highlights the transformative role of data elements in enhancing enterprise performance within capital markets, particularly focusing on China’s leading po...
This study examines the moderating effect of bank capitalization on the relationship between economic freedom and banking performance, offering comparative evidence from both advanced and emerging economies. Using an unbalanced panel of 213 countries...
Efficient allocation of capital toward environmental, social, and governance (ESG) objectives has become a critical challenge for emerging economies pursuing sustainable development and financial resilience. While prior research has primarily focused...
Numerous stakeholders concur that tackling the climate change effect requires massive financial mobilization from the public and private sectors to reduce the climate financing gap. Capital markets are among the key players fostering this mobilizatio...
This study examines the impact of regulatory capital requirements and ownership structure on bank lending in Emerging Asian Markets. The findings of the study imply that banks with excess capital are less affected by capital constraints and enjoy opp...
In this study, the Value Added Intellectual Capital (VAICTM) and Modified Value Added Intellectual Capital (MVAICTM) models are utilized to analyze intellectual capital (IC) performance of the textile industry in China and South Korea during 2012&nda...
The purpose of this study is to determine and compare the relationship between intellectual capital (IC) and banks’ performance in China and Pakistan. The data are acquired from listed banks in these two countries during 2010–2018. The Va...
This research investigates the burgeoning peer-to-peer (P2P) economy, exemplified by platforms such as Airbnb, and its implications within the North American context. The study focuses on understanding the repercussions of Airbnb announcements on cap...
This study introduces and validates the concept of internal dynamic markets as the primary type of national resilience capital. A new index, obtained through principal component analysis, is used for the investigation of a panel of 30 nations over th...
This study examines how venture capital investors in Kazakhstan evaluate women-led enterprises within a frontier-emerging market context characterized by institutional transition and evolving entrepreneurial ecosystems. Addressing a gap in the litera...
In the capital market and financing theory, we are currently observing major upheavals. For decades, the neoclassical paradigm has dominated in science and practice. Triggered by economic and political crises, transformations, the COVID-19 pandemic,...
Despite extensive research on corporate governance compliance and firm-level outcomes, limited attention has been paid to how internal organizational structures, particularly business complexity and decentralization, shape governance effectiveness ac...
The classical monetary trilemma implies a binding trade-off among exchange rate stability, capital mobility, and monetary autonomy. Yet, emerging market economies increasingly operate hybrid policy configurations that depart systematically from the t...
Information asymmetry is everywhere in financial status, financial information, and financial reports due to agency problems and thus may seriously jeopardize the sustainability of corporate operations and the proper functioning of capital markets. I...
20 March 2021
The growth of an emerging capital market is necessary and requires all available resources and inputs from various sources to realize this objective. Several debates on government bonds’ contribution to Nigeria’s capital market developmental growth h...
Given the urgent need for corporate green transformation in the context of global climate governance, the sustainable development goals, and China’s dual carbon goals, this study examines the spillover effects of venture capital networks formed...
We aim to analyze the impact of capital regulation and market discipline on capital to risk-weighted assets ratio. We used the panel data of Asian developing-countries banks for the period from 2009 to 2018. We collected data from the financial state...
This study analyzes the market value of listed companies in Mainland China across different industries, including capital-intensive, labor-intensive, technology-intensive, and other industries. A generalized neoclassical investment model that conside...
Capital market integration has become an interesting research topic nowadays. Many studies have tried to explain this phenomenon using various methods. Here, we used sophisticated methods to explain capital market integration. This study aims to scru...
This study investigates the impact of city-level capital factor market integration on corporate ESG performance, using a sample of Chinese A-share listed companies from 2010 to 2024. We find that greater capital factor market integration significantl...
The proper allocation of corporate capital is critical to sustainable business development, and misallocation of resources can impede sustainable economic growth and competitive markets. This study investigates the relationship between market power a...
We provide an institutional theory perspective to examine societal legitimacy in the context of capital market development. While prior research has focused on the importance of formal institutions, firms are embedded within broader socio-economic st...
Extant empirical studies have predominantly focused on the nexus between working capital management (WCM) and corporate profitability. While there is a dearth of literature on the nexus between WCM and a firm’s risk, the present study examines Pakist...
This paper assesses the extent to which carry trade operations affect the performance of equity and bond markets in a target country, South Africa, by considering the US and the euro area as the funding countries. A two- and three-factor capital asse...
One of the primary tasks of supply-side reform is to promote the reform of fiscal and taxation systems. It is an important part of institutional innovation to coordinate fiscal and other reforms. From the perspective of the supply side, this paper di...
Intelligent transformation plays a crucial role in advancing sustainable development in manufacturing while also enhancing the information environment. This study examines the role of intelligent transformation in China’s manufacturing sector,...
4 February 2021
This research is an event study that evaluates the performance of large market capitalization shares using a performance model that is adjusted to risks due to the COVID-19 outbreak. The study measured the performance of large market capitalization s...
The present study analyses BRICS (Brazil, Russia, India, China, South Africa) capital markets in both time and frequency domain using wavelets. We used artificial neural network techniques to forecast the co-movement among BRICS capital markets. Wave...
This paper explored firm-level innovation in different market environments from a human capital point of view using both theoretical and empirical approaches. In the theoretical model, two firms compete with each other in a two-stage Cournot competit...
This article reviews the relation between social capital and stock market participation via new technology. Its purpose is to acquire a thorough understanding of the structural, relational, and cognitive aspects of social capital’s influences a...
The primary aim of this research is to investigate the influence of environmental, social, and governance (ESG) disclosures on the market reaction companies listed in Thailand’s alternative capital market, specifically the Market for Alternativ...
A capital market with greater transparency provides more accurate metrics for measuring corporate performance, which can be utilized to inform market participants’ decisions. Informed risk is crucial to corporate reporting transparency. This empirica...
In this study, we provide a thorough analysis, conducted on a company-by-company basis, of the impact of bank concentration and the bank-relative power of banks on firm profitability, financing costs, and capital structure in a small economy like Por...
This paper examines the relationship between Federal Open Market Committee (FOMC) communication surprises, global risk sentiment, and net portfolio debt inflows to twelve major emerging market economies over the period 2000–2024. Exploiting a h...
The main goal of this study was to measure the impact of the environmental, social, and governance (ESG) sustainability score and value added to companies’ market capitalization. Therefore, financial and sustainable performance were measured in...
In the contemporary global context, emerging risks are characterized by a high degree of interconnectedness and rapid evolution, requiring companies to develop proactive governance and risk management mechanisms to address stakeholders’ expecta...
This study examines the impact of capital market openness on corporate green total factor productivity (GTFP) using a quasi-natural experiment based on the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect policies. Employing a multi-period dif...
The government’s intervention under the approval system seriously affects the healthy and sustainable development of the financial market. An IPO is an important way for a venture capitalist (VC) to gain income, which impacts the efficiency of...
This study empirically assesses the disclosure of nonfinancial information in corporate reporting. In examining the contents of annual and board reports for 50 listed corporations, a coding sheet was developed by combining the two coding sheets of Bo...
The purpose of this study is to understand the process through which internal market orientation leads to service innovative behavior via a serial multiple mediator model, with perceived social capital on customers and work engagement. It set and ver...
Real estate capital is in constant competition with other capital assets due to its different and complementary economic functions such as direct use, productive investment, and speculative investment. These features and the resulting opportunities c...
This current study is one of the few investigations to conduct a focalized examination of the relationship between CEO duality and firm performance; however, this relationship seems to be imprecise due to the impact of the invention mechanism. This s...
In 2009, when the effects of the economic crisis were fully felt, countries around the world experienced negative impacts, starting from the USA, where the crisis began, through Europe to Asia. Economic cycles, fluctuations, and crises are a common p...
China’s economy has experienced a period of remarkable growth and entered a stage of high-quality development, necessitating the implementation of innovative eco-friendly practices involving green technology innovation. The capital market envir...
We are pleased to announce the Special Issue on the New Challenges in Asian Capital Markets in the International Journal of Financial Studies. The focus of papers in this Special Issue is on the future challenges and/or future developments Asian Fina...
This study investigates the long-run and short-run relationships between capital market development, foreign direct investment, trade openness, and real GDP per capita in Romania over 2003–2024, employing the Autoregressive Distributed Lag (ARD...
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