A major producer and exporter of formulated, low-cost generic pharmaceuticals, India increased its exports to major markets during 2011–17, including sub-Saharan Africa (SSA) and the United States. India is also taking steps to produce more innovative pharmaceuticals through such measures as...

The present study focused on one of the important South Asian nations-Sri Lanka-to examine the role of idiosyncratic volatility in asset prices. A four-factor model with idiosyncratic volatility was designed for capturing the market, size, value and idiosyncratic risk yields better than Fama and...

Small and informal firms account for a large share of employment in developing countries. The rapid expansion of microfinance services is based on the belief that these firms have productive investment opportunities and can enjoy high returns to capital if given the opportunity. However,...