Capital flight - the unrecorded export of capital from developing countries - often represents a significant cost for developing countries. It also poses a puzzle for standard economic theory, which would predict that poorer countries be importers of capital due to its scarcity. This situation...

This paper studies profit persistence in the banking sector in 12 African and Middle Eastern countries between 2003 and 2019. We use a two-step system GMM to evaluate the speed of profit convergence toward the competitive norm and analyze determinants of banks' profitability in these countries....

Purpose – There is growing demand for research approaches that consider the functioning of financial markets in the emerging economy. The current paper aims to examine cointegration and volatility persistence of six Middle East emerging Arabian Gulf Cooperation council (AGCC) equity markets...

Do shariah-compliant firms pay higher dividends than other firms? Using data from the MENA (Morocco, Egypt, Saudi Arabia, UAE, Jordan, Kuwait, and Bahrain) region, this paper shows that shariah-compliant firms not only have higher payout ratios but also have higher likelihood to pay dividends...

Purpose – This paper aims to deconstruct the economic position of Turkey in comparison to its immediate neighbors, Central and South‐Eastern Europe (CSEE), and the Middle East, with a specific emphasis on Japanese Foreign Direct Investment (FDI). Design/methodology/approach – Several...

Purpose – The purpose of this paper is to test the determinants of foreign direct investment (FDI) into countries of the Middle East North Africa (MENA) region. Design/methodology/approach – The research is based on an econometric model that includes factors that potentially drive FDI flows...

Purpose – Political‐legal risk perception is just as important a consideration in dealing effectively with the threats exposed by international enterprises. This research emphasizes how important it is to integrate the perception of risk factor into the analysis. This is an essential factor...

Purpose – There is growing demand for research approaches that consider the functioning of financial markets in the emerging economy. The current paper aims to examine cointegration and volatility persistence of six Middle East emerging Arabian Gulf Cooperation council (AGCC) equity markets...

Purpose – The purpose of this paper is to develop and test propositions on location and entry mode decision making by foreign direct investors in the Middle East region. Design/methodology/approach – Case study approach, based on in‐depth interviews with decision makers of multinational...