This paper investigates bi-directional linkages between the stock and foreign exchange markets of a number of emerging economies. This is accomplished by estimating a vector autoregressive model with Generalized Autoregressive Conditional Heteroskedasticity (VAR-GARCH) for each of twelve...

This study seeks to evaluate the efficacy of the Pakistani Code of Corporate Governance by finding out its impact on firm's performance and efficiency. This exploration is done in the context that Securities & Exchange Commission of Pakistan's choice of corporate governance regulations is...

Investment on the information technology has a prominent place in understanding the growth of labour markets productivity in the USA after 1995. While investment on information technology enabled US firms to achieve high growth rates of both labour and total factor productivity, neither Western...

A little over a decade now, there have been sweeping procurement reforms in most developing countries. The orchestrators of these reforms - mostly the World Bank and other international financial institutions, have cited financial mismanagement and the lack of transparency in public financial...

An enduring challenge that policy makers in open economies confront is the choice between three desirable, yet jointly unattainable objectives of maintaining a fixed exchange rate regime, free international capital flows and monetary policy independence. This paper examines these three tenets of...

The innovation systems aimed at increasing countries' competitive advantage and technological capabilities are less focused on developing countries. In addition, there remains a lack of research to determine whether innovation systems should explicitly exist for or be applied to individual...

Using a sample of 29 African countries for which adequate time series data are available this paper explores the nexus between financial development and manufactured exports. This particular relationship is especially important in the context of Africa since export diversification away from...

Here is explored corporate governance role in privatised water companies in emerging economies. Private parts contracts are periodically renegotiated due to externalities and information asymmetries. In this context, governance mechanisms are of critical importance as illustrated in the case...

Our study asks a pertinent question - to what extent does institutional environment moderate the influence of entrepreneurs' ability to recognise opportunities and their likelihood of entering into technology entrepreneurship? This study suggests that technology entrepreneurs in emerging...