The conventional business case for environmental, social and governance (ESG) integration assumes that organisations invest because consumers, investors and markets reward them for doing so. This study examines what drives ESG investment when that ma...
Sustainable finance increasingly relies on Environmental, Social, and Governance (ESG) data, yet forecasting ESG-based stock indices remains challenging in an emerging-market context. Using Thailand as a representative case due to limited historical...
Enterprises and entrepreneurs in emerging economies face a different set of opportunities and challenges from the fourth industrial revolution, Industry 4.0. This volume comprises a number of analyses on entrepreneurial finance with a focus on the em...
Current challenging environments pressure firms to improve their overall ESG performance. However, there is tension between the benefits of ESG disclosure and firm performance. We deepen the understanding of ESG disclosure’s contribution to fir...
Mergers and acquisitions (M&A) are an essential way for enterprises to achieve sustainable development. As large sums of money are typically involved in M&A transactions, financing is a vital factor in outcomes. This study examines the relati...
This study examines the relationship between managerial overconfidence and environmental, social, and governance (ESG) performance through firm-level financial policy channels in an emerging-market context. Using panel data from non-financial firms l...
This research paper investigates the potential of FinTech solutions in promoting sustainable finance in Mongolia, an emerging market economy with a burgeoning FinTech landscape. This study explores how Mongolia leverages FinTech innovations to advanc...
This study explores the relationship between electricity consumption and financial development in 20 emerging market economies (EMEs) from 2000 to 2020. Employing the panel ARDL–PMG estimator and a two-step system GMM to address endogeneity, we...
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...
This study investigates the impact of green finance on carbon emission intensity in South Africa’s metal production sector, utilizing the ARDL econometric model. South Africa faces the complex task of promoting economic expansion without compro...
This study examines board formalisation as a credibility signal for external financing among private small and medium-sized enterprises (SMEs) in the Kingdom of Saudi Arabia. Signalling theory suggests that the external-financing relevance of governa...
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...
Artificial intelligence (AI) is spreading through emerging-market banking faster than the institutions meant to govern it, with consequences for responsible and sustainable finance. We hand-code eleven AI adoption and governance items on a graded 0&n...
As ESG considerations increasingly influence access to finance, participation in global supply chains, and long-term competitiveness, understanding which factors experts perceive as most likely to influence future ESG adoption among small and medium-...
Institutional trust plays a critical role in shaping organizational responses to risk, particularly in emerging market financial systems. This study examines the psychosocial mechanisms through which institutional trust is associated with preparednes...
This study explores the adoption of green bonds within Saudi Arabia’s municipal sector, situated at the intersection of centralized governance, fossil fuel dependency, and ongoing sustainability reforms under Vision 2030. Employing a mixed-meth...
This study examines the sensitivity of empirical findings in financial flexibility research to alternative measurement approaches. Financial flexibility is widely recognised as a critical determinant of corporate financing and investment decisions, y...
The global landscape of sustainability challenges has become increasingly complex, characterized by varying regulatory frameworks and market maturity across different nations. The financial significance of environmental, social, and governance (ESG)...
Although employed women represent one of the fastest-growing segments of the investor population in emerging economies, their investment decision-making is still largely modelled through fragmented, single-determinant frameworks that treat women as a...
In this study, we examine the association between interim financing and firm performance in an emerging economy. Prior research shows that firms utilize trade credit to boost their operating performance or market valuation. However, recent research o...
This paper examines the systematic contagion effects of the global financial crisis of 2007–2009 on the world’s largest advanced and emerging equity markets, using the conditional factor model of Dungey and Renault (2018) and and the adju...
As cross-border e-commerce expands in emerging economies, consumer participation increasingly depends on perceived transaction risk linked to digital payments, settlement, dispute resolution, and institutional enforceability. This study reconceptuali...
Brazil possesses globally competitive offshore wind resources; however, financial viability is constrained by high capital expenditure (CAPEX) and industry risk. This study evaluates the investment feasibility of a 1 GW offshore wind project in north...
This study examines the dynamic relationship between financial development and total energy production in emerging market economies (EMEs) using a balanced panel of 20 countries over the period 2000–2020. Unlike much of the existing literature...
Islamic finance has experienced rapid growth globally, surpassing the USD 2 trillion mark in 2017. As a result, the literature related to Islamic finance and banking is rather rich. Despite the richness of the literature, our knowledge of the marketi...
So far, CSR’s role in the high-tech industry is not fully explained by academic research, especially concerning the most burdensome obstacle to firms’ growth: acquiring debt financing. The paper aims to solve this puzzle and investigate whether young...
Emerging technologies in the digital context can favor industrial sector firms in their aim to improve their performance. Digitalization is mainly expressed through the utilization of big data that originate from various sources. Blockchain technolog...
Despite economic progress, government efforts, and increased healthcare investments, health deprivation continues to persist in the countries of Brazil, Russia, India, China, and South Africa (BRICS). Hence, addressing the growing demand for health f...
This paper investigates the macroeconomic determinants of Romania’s budget deficit over the post-EU accession period, drawing on quarterly data from Q1 2007 to Q2 2025. Using an Autoregressive Distributed Lag (ARDL) model, we identify both shor...
This study examines the direct effects of R&D transfer and the sufficiency of financing for entrepreneurs on Technological Total Entrepreneurial Activity (TechTEA), as well as the mediating role of financing. The analysis employs a variance-based...
Islamic finance has rapidly expanded into a major component of global financial systems, positioning Sukuk as a core instrument for Sharia-compliant investment and capital raising. Despite growing academic attention to Sukuk pricing and valuation, to...
Real Estate Investment Trusts (REITs), as highly leveraged, income-generating vehicles, are among the asset classes most structurally exposed to interest rate risk. This study examines the extent of environmental, social, and governance (ESG) disclos...
This study provides an exploratory predictive analysis to examine how different dimensions of digital infrastructure—capital market development, digital payment adoption, e-commerce penetration, and market volatility—predict the financial...
Forecasting corporate leverage adjustments remains challenging due to persistent financing behavior, firm heterogeneity, and changing macroeconomic conditions. This study investigates whether increasing model complexity improves the forecasting of co...
This article provides an empirical analysis aimed at evaluating the financial trends and disparities at the sector level within the Balkan and Eastern European region. The dataset encompasses a period of nine years and comprises more than 20 million...
This research aims to explore market mavericks by redefining sales velocity and profit surge in today’s dynamic business environment in emerging economies. The study focuses on the interplay between Sales Excellence (SE), Sales Capability (SC),...
This study proposes a hybrid forecasting model that integrates the Generalized Autoregressive Conditional Heteroskedasticity (GARCH) model with a Long Short-Term Memory (LSTM) neural network to estimate Value at Risk (VaR) in the Rwandan foreign exch...
Mobile payment systems are widely viewed as a practical lever for sustainable financial inclusion in developing economies, with relevance to UN Sustainable Development Goals 1, 8, and 10. Yet in countries such as Egypt—where mobile penetration...
As governments increasingly explore digital financial instruments to diversify funding channels and expand citizen participation, Thailand’s G-Token represents an early attempt to integrate blockchain technology into sovereign debt issuance. Th...
Background: Corporate energy transition can create efficiency, financing, and valuation benefits, but it also exposes firms to implementation, information, and transition risks. This study examines whether digital transformation helps firms convert e...
This study evaluates whether a deep-learning volatility model improves market-risk measurement relative to established econometric benchmarks. Using daily returns for twelve developed and emerging equity indices from January 2000 to September 2026&md...
Reputational risk is hard to quantify, and more so for public institutions in emerging markets. We build a daily index of media-derived reputational pressure for INFONAVIT, Mexico’s largest public housing lender, from 138,789 news articles publ...
This study examines whether the external financing anomaly exists in an emerging-market setting. Using data on Korean listed firms from 1994 to 2023, we find that firms with higher net external financing subsequently earn significantly lower stock re...
As opposed to developed markets, financing constraints are a more pressing issue among Small and Medium-Sized Enterprises (SMEs) in emerging markets. We explore the severity of financing constraints on SMEs, and examine the role of supply chain finan...
The issuance of digital currency electronic payments (DC/EP), under the supervision of the People’s Bank of China, will have a certain impact on commercial banks, and will further affect the areas of internet finance and traditional financing....
As ecosystems decline and their valuable goods and services become scarce, there is growing interest in developing and utilizing environmental markets. Such markets have the potential to reduce environmental risks, provide incentives for sustainable...
The existing literature finds that finance has a significant impact on carbon emissions, but there is a lack of theoretical explanation on whether and how digital finance, an important new financial form, affects carbon emissions. This paper uses bal...
This study aims to analyze the impact of fintech adoption on the SME financing of scheduled banks in Bangladesh. Data has been collected from 30 scheduled banks operating in Bangladesh from 2013 to 2023. The data were analyzed using the statistical s...
The relationship between the water and financial sectors is explored through a review of past and current policies and practices, and new needs driven by growing water insecurity (i.e., drought and floods) and climate change. This paper focuses on em...
Market conditions in emerging economies are often reported as less stable and volatile. The business sector, especially Small and Medium Enterprises (SMEs) in emerging economies, face several shortcomings including lack of resources, lack of finance,...
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